Richard D Wells Foundation is a 501(c)(3) organization based in Mobile, Alabama, registered in 2000, with $64,666 in FY2024 revenue. CharityIndex grades it C.
Revenue (FY2024)
$65K
▲ 459.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$73K
Net assets
$393K
Employees
—
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 Richard D Wells Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Richard D Wells Foundation: 64 mo reserves · -13% margin earns a C+ on this criterion. See the exact thresholds →
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 Richard D Wells Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Richard D Wells Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $22K (FY2013) to $65K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-12.9%
Spent more than it raised in the latest fiscal year.
Total assets
$393K
Total liabilities
$0
Net assets
$393K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $64,666▲459% | $73,039▲89.2% | $392,531▼2.5% | $392,531▼2.5% | 990PF |
| 2023 | -$17,992▼193% | $38,607▼3.9% | $402,650▼12.3% | $402,650▼12.3% | 990PF |
| 2022 | $19,317▼50.5% | $40,189▲61.1% | $459,249▼4.3% | $459,249▼4.3% | 990PF |
| 2021 | $38,994▲24.3% | $24,952▲179% | $480,121▲3.0% | $480,121▲3.0% | 990PF |
| 2020 | $31,362▲87.5% | $8,937▼64.3% | $466,079▲7.1% | $466,079▲7.1% | 990PF |
| 2019 | $16,729▼10.5% | $25,065▲4.4% | $435,279▼3.0% | $435,279▼3.0% | 990PF |
| 2018 | $18,698▲7.1% | $23,999▲0.6% | $448,596▼1.5% | $448,596▼1.5% | 990PF |
| 2017 | $17,458▲20.3% | $23,867▲86.5% | $455,393▼0.5% | $455,393▼0.5% | 990PF |
| 2016 | $14,513▼19.3% | $12,794▼32.0% | $457,542▼0.2% | $457,542▼0.2% | 990PF |
| 2015 | $17,993▼15.3% | $18,822▼0.1% | $458,421▲1.8% | $458,421▲1.8% | 990PF |
| 2014 | $21,239▼3.1% | $18,845▼8.8% | $450,362▲1.6% | $450,362▲1.6% | 990PF |
| 2013 | $21,912 | $20,668▼22.6% | $443,414▲2.6% | $443,414▲2.6% | 990PF |
| 2012 | — | $26,715▲54.7% | $432,376▼0.5% | $432,376▼0.5% | 990PF |
| 2011 | — | $17,267 | $434,421 | $434,421 | 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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Data for Richard D Wells Foundation (EIN 63-1212621) 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.