Wes Welker Foundation

Analysis

Wes Welker Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Wes Welker Foundation reported income of $272k and spending of $256k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $272k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wes Welker Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within OK. Charities of a similar size with the same main cause include Parkway Council Foundation ($272k), Friends of Wisconsin State Park Inc ($272k) and Coastal Homeschool Athletic Association Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $59k (23% of expenses). Other salaries and wages came to $27k. At year end it held assets of $1.2m against liabilities of $35k, net assets of $1.2m. It reported 2 employees.