Wellark Foundation

Analysis

Wellark Foundation is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in February 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellark Foundation reported income of $51k and spending of $46k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $16k to $51k (+213%), an average of +213% a year. The sharpest change came in the year to December 2023, when income rose by 213%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellark Foundation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Alis Way ($51k), California Mid State Region Servicecommitee ($51k) and Ech Legacy Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $5,928 against liabilities of $0, net assets of $5,928.