James & Vedna Welch Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
James & Vedna Welch Foundation is a 501(c)(3) organization based in Parsippany, New Jersey, registered in 1964, with $8,116 in FY2024 revenue. CharityIndex grades it F.
4 Gatehall Dr Mccabe Heidrich Wong, Parsippany, NJ, 07054 EIN 59-2192379 Since 1964
Revenue (FY2024)
$8,116
▲ 1163.7% vs prior year
Expenses (FY2024)
$212K
Net assets
$368K
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 James & Vedna 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 rating21 mo reserves · -2514% 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 James & Vedna Welch Foundation: 21 mo reserves · -2514% 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 James & Vedna 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 James & Vedna Welch Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4 Gatehall Dr Mccabe Heidrich Wong, Parsippany, NJ, 07054
- City
- Parsippany
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $29K (FY2013) to $8,116 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $368K
Operating margin
-2514.1%
Spent more than it raised in the latest fiscal year.
Total assets
$368K
Total liabilities
$0
Net assets
$368K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,116▲1164% | $212,159▼65.8% | $367,917▼18.0% | $367,917▼18.0% | 990PF |
| 2023 | -$763▼102% | $621,157▲49.9% | $448,754▼43.5% | $448,754▼43.5% | 990PF |
| 2022 | $42,550▼77.2% | $414,457▲0.7% | $793,685▼24.6% | $793,685▼24.6% | 990PF |
| 2021 | $186,556▲1527% | $411,410▲305% | $1,053,180▼17.6% | $1,053,180▼17.6% | 990PF |
| 2020 | -$13,074▼128% | $101,680▲20.2% | $1,278,034▼8.2% | $1,278,034▼8.2% | 990PF |
| 2019 | $46,918▲213% | $84,576▼10.2% | $1,392,788▼2.6% | $1,392,788▼2.6% | 990PF |
| 2018 | -$41,699▼109% | $94,230▲22.3% | $1,430,446▼8.7% | $1,430,446▼8.7% | 990PF |
| 2017 | $489,168▲2718% | $77,076▼4.0% | $1,566,375▲35.7% | $1,566,375▲35.7% | 990PF |
| 2016 | $17,361▼57.6% | $80,279▼3.8% | $1,154,283▼5.2% | $1,154,283▼5.2% | 990PF |
| 2015 | $40,925▼43.9% | $83,439▼19.1% | $1,217,201▼3.4% | $1,217,201▼3.4% | 990PF |
| 2014 | $72,889▲153% | $103,082▲38.7% | $1,259,715▼2.3% | $1,259,715▼2.6% | 990PF |
| 2013 | $28,827 | $74,332▼34.8% | $1,289,908▼3.4% | $1,292,973▼5.0% | 990PF |
| 2012 | — | $114,039▲14.7% | $1,335,413▼4.2% | $1,360,413▼2.4% | 990PF |
| 2011 | — | $99,438▲42.1% | $1,394,224▲11.9% | $1,394,224▲11.9% | 990PF |
| 2010 | — | $69,959 | $1,246,361 | $1,246,361 | 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.
Frequently asked questions
- Is James & Vedna Welch Foundation a legitimate nonprofit?
- Yes. James & Vedna Welch Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-2192379, based in Parsippany, New Jersey. Donations are tax-deductible.
- What is James & Vedna Welch Foundation's EIN?
- James & Vedna Welch Foundation's Employer Identification Number (EIN) is 59-2192379.
- How much revenue does James & Vedna Welch Foundation report?
- James & Vedna Welch Foundation reported $8,116 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does James & Vedna Welch Foundation have?
- CharityIndex grades James & Vedna Welch Foundation F, based on financial health (reserves and operating margin).
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Data for James & Vedna Welch Foundation (EIN 59-2192379) 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.