Welia Health

Analysis

Welia Health is a registered charity in United States, based in Mora, MN. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Welia Health reported income of $125.2m and spending of $118.2m, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $249.2m to $125.2m (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Welia Health sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Upson County Hospital Inc ($125.2m), Benefis Health System Inc ($125.3m) and Fulton County Health Center ($125.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.0m (1.7% of expenses). Other salaries and wages came to $39.8m. At year end it held assets of $192.8m against liabilities of $70.3m, net assets of $122.5m. It reported 716 employees.