Mary Welsh Foundation Inc

Analysis

Mary Welsh Foundation Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary Welsh Foundation Inc reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $740k to $2.2m (+200%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Welsh Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Acres of Diamonds ($2.2m), The Station Foundation ($2.2m) and Missouri Bootheel Regional Consortium Incorporated ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $309k (14% of expenses). Other salaries and wages came to $360k. At year end it held assets of $67k against liabilities of $268k, net assets of -$202k. It reported 6 employees.