Wards Foundation

Analysis

Wards Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Wards Foundation reported income of $521k and spending of $226k, leaving 57% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $121k to $521k (+331%), an average of +108% a year. The sharpest change came in the year to December 2022, when income rose by 249%. Over the whole period it spent 29% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wards Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Gaston Volunteer Rescue Squad Inc ($521k), Alliance for Community Transfusion Services LLC ($521k) and Termeer Institute Inc ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $834k against liabilities of $85k, net assets of $749k.