Coastal Bend Wellness Foundation Inc

Analysis

Coastal Bend Wellness Foundation Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 August 2023, Coastal Bend Wellness Foundation Inc reported income of $17.2m and spending of $14.3m, spending 83% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.6m to $17.2m (+100%), an average of +19% a year. The sharpest change came in the year to August 2020, when income rose by 42%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Coastal Bend Wellness Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Greater Minnesota Family Services ($17.2m), Motivational Services Inc ($17.2m) and Serious Fun Childrens Network Inc ($17.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $1.6m (11% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $22.0m against liabilities of $1.3m, net assets of $20.6m. It reported 158 employees.