Dr Michael J Welch Foundation
Only null% goes to programs Strong reserves Declining revenue
Dr Michael J Welch Foundation is a 501(c)(3) organization based in New Canaan, Connecticut, registered in 2014, with $18 in FY2024 revenue. CharityIndex grades it F.
24 East Avenue 171, New Canaan, CT, 06840 EIN 45-4901204 Since 2014
Revenue (FY2024)
$18
▼ 99.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2,961
Net assets
$2,022
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Dr Michael J Welch Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating8 mo reserves · -16350% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dr Michael J Welch Foundation: 8 mo reserves · -16350% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Dr Michael J Welch Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dr Michael J Welch Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 24 East Avenue 171, New Canaan, CT, 06840
- City
- New Canaan
- State
- Connecticut
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $16K (FY2014) to $18 (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2,022
Operating margin
-16350.0%
Spent more than it raised in the latest fiscal year.
Total assets
$2,022
Total liabilities
$0
Net assets
$2,022
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $18▼99.2% | $2,961▼30.3% | $2,022▼59.3% | $2,022▼59.3% | 990PF |
| 2023 | $2,261▼91.2% | $4,250▼82.1% | $4,965▼28.6% | $4,965▼28.6% | 990PF |
| 2022 | $25,625▲2238% | $23,735▲420% | $6,954▲37.3% | $6,954▲37.3% | 990PF |
| 2021 | $1,096▲27300% | $4,565▲101% | $5,064▼40.7% | $5,064▼40.7% | 990PF |
| 2020 | $4▼99.9% | $2,275▼40.0% | $8,533▼21.0% | $8,533▼21.0% | 990PF |
| 2019 | $6,512▲8.5% | $3,790▼24.6% | $10,804▲33.7% | $10,804▲33.7% | 990PF |
| 2018 | $6,001▲298% | $5,025▲32.6% | $8,082▲13.7% | $8,082▲13.7% | 990PF |
| 2017 | $1,507▼89.9% | $3,790▼69.7% | $7,106▼24.3% | $7,106▼24.3% | 990PF |
| 2016 | $14,931▲2051% | $12,525▲285% | $9,389▲34.5% | $9,389▲34.5% | 990PF |
| 2015 | $694▼95.6% | $3,250▼87.0% | $6,983▼26.8% | $6,983▼26.8% | 990PF |
| 2014 | $15,661 | $25,010 | $9,539 | $9,539 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Dr Michael J Welch Foundation a legitimate nonprofit?
- Yes. Dr Michael J Welch Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4901204, based in New Canaan, Connecticut. Donations are tax-deductible.
- What is Dr Michael J Welch Foundation's EIN?
- Dr Michael J Welch Foundation's Employer Identification Number (EIN) is 45-4901204.
- How much revenue does Dr Michael J Welch Foundation report?
- Dr Michael J Welch Foundation reported $18 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Dr Michael J Welch Foundation have?
- CharityIndex grades Dr Michael J Welch Foundation F, based on financial health (reserves and operating margin).
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Data for Dr Michael J Welch Foundation (EIN 45-4901204) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.