Weld Legacy Foundation

Analysis

Weld Legacy Foundation is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover health care, 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 December 2023, Weld Legacy Foundation reported income of $11.2m and spending of $2.8m, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $11.2m (+241%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 629%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Weld Legacy Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Friedreichs Ataxia Research Alliance Fara ($11.2m), Mass Insight Education and Research Institute Inc ($11.2m) and Northern Illinois Blood Bank Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.5% of the total. At year end it held assets of $33.6m against liabilities of $829k, net assets of $32.7m.