Foundation for Wellness

Analysis

Foundation for Wellness is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in April 1980, 46 years ago. 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, Foundation for Wellness reported income of $1.4m and spending of $982k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Wellness sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include St Luke N E W Life Center Inc ($1.4m), Desert Foothills Athletic Club Inc ($1.4m) and Leadership Georgia Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $92k (9.4% of expenses). Other salaries and wages came to $296k. At year end it held assets of $10.0m against liabilities of $0, net assets of $10.0m. It reported 8 employees.