Healthcare and Wellness Foundation

Analysis

Healthcare and Wellness Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2005, 21 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Healthcare and Wellness Foundation reported income of $52k and spending of $15k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $121k to $52k (-57%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare and Wellness Foundation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within AZ. Charities of a similar size with the same main cause include McDuffie Healthcare Foundation Inc ($52k), Interconnect Support Group ($52k) and Danbury Volunteer Fire Department Inc ($52k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.4m against liabilities of $82k, net assets of $1.4m.