Amy Wellness Foundation

Analysis

Amy Wellness Foundation is a registered charity in United States, based in Spruce Pine, NC. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amy Wellness Foundation reported income of $539k and spending of $1.6m, spending 288% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $5.1m to $539k (-89%), an average of -36% a year. The sharpest change came in the year to December 2020, when income rose by 4062%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Amy Wellness Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Friends of the Hayner Inc ($539k), Christians in Commerce International ($540k) and CRC Cares Foundation ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 241% of the total. Compensation of current officers, directors and key employees was $162k (10% of expenses). Other salaries and wages came to $130k. At year end it held assets of $10.5m against liabilities of $598k, net assets of $9.9m. It reported 4 employees.