Wishing Well Foundation of Florida Inc

Analysis

Wishing Well Foundation of Florida Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wishing Well Foundation of Florida Inc reported income of $246k and spending of $50k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $246k (+278%), an average of +39% a year. The sharpest change came in the year to December 2021, when income dropped by 103%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wishing Well Foundation of Florida Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Mizan Institute ($246k), Marys Choice Rva ($246k) and Lishmor ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 230% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.