The Weld Trust

Analysis

The Weld Trust is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Weld Trust reported income of $13.2m and spending of $20.0m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $201.6m to $13.2m (-93%), an average of -49% a year. The sharpest change came in the year to December 2020, when income dropped by 85%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Weld Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Baxter Regional Health System ($13.2m), Greenfield Management Systems Inc ($13.2m) and Health Care Advocates International Inc ($13.2m).

Compensation of current officers, directors and key employees was $719k (3.6% of expenses). Other salaries and wages came to $984k. At year end it held assets of $550.6m against liabilities of $21.4m, net assets of $529.1m.