Wells 20 Foundation Inc

Analysis

Wells 20 Foundation Inc is a registered charity in United States, based in Holdrege, NE. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Wells 20 Foundation Inc reported income of $71k and spending of $3,973, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $62k to $71k (+14%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 11% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wells 20 Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NE. Charities of a similar size with the same main cause include Five Cities Girls Softball Association ($71k), Silicon Valley Girls Softballleague ($71k) and United States Bowling Congress Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 124% of the total. At year end it held assets of $230k against liabilities of $0, net assets of $230k.