Robert A Welch Foundation 062491
Only null% goes to programs Strong reserves Declining revenue
Robert A Welch Foundation 062491 is a 501(c)(3) organization based in Houston, Texas, registered in 1991, with $36,837,109 in FY2023 revenue. CharityIndex grades it D.
1717 West Loop S Ste 1661, Houston, TX, 77027 EIN 76-0343128 Since 1991
Revenue (FY2023)
$36.8M
▼ 22.6% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$64.3M
Net assets
$574.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Robert A Welch Foundation 062491— 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 rating107 mo reserves · -75% 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 Robert A Welch Foundation 062491: 107 mo reserves · -75% 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 Robert A Welch Foundation 062491— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Robert A Welch Foundation 062491: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1717 West Loop S Ste 1661, Houston, TX, 77027
- City
- Houston
- State
- Texas
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $39.4M (FY2019) to $36.8M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $44.2MNet assets $574.8M
Operating margin
-74.6%
Spent more than it raised in the latest fiscal year.
Total assets
$619.0M
Total liabilities
$44.2M
Net assets
$574.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $36,837,109▼22.6% | $64,302,362▼6.6% | $574,819,874▼4.6% | $618,985,573▼1.9% | 990PF |
| 2022 | $47,618,127▼21.1% | $68,810,256▲102% | $602,442,572▲11.8% | $631,106,968▼0.2% | 990PF |
| 2021 | $60,351,309▼1.7% | $34,107,139▼1.0% | $539,024,624▲5.1% | $632,081,532▲1.7% | 990PF |
| 2020 | $61,396,407▲55.7% | $34,459,483▼73.2% | $512,780,454▲5.6% | $621,244,296▲3.7% | 990PF |
| 2019 | $39,430,202 | $128,682,687 | $485,718,469 | $599,029,570 | 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.
Leadership & compensation (FY2023)
Highest-paid: Adam Kuspa — $775,231 (1.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Adam Kuspa | President | 40 | $775,231 |
| Loan Kieu | Chief Financial Officer | 40 | $214,496 |
| Ronald Page | Ex-chief Financial Officer | 40 | $165,450 |
| Fred W Brazelton | Chair and Director | 4 | $50,000 |
| Carin M Barth | Treasurer and Director | 2 | $35,000 |
| Douglas L Foshee | Director | 2 | $35,000 |
| Gina A Luna | Vice Chair and Director | 2 | $35,000 |
| William F Mckeon | Director | 2 | $14,583 |
| Carolyn C Sabat | Secretary and Director | 2 | $11,667 |
Similar organizations in Philanthropy
Compare Robert A Welch Foundation 062491
Frequently asked questions
- Is Robert A Welch Foundation 062491 a legitimate nonprofit?
- Yes. Robert A Welch Foundation 062491 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 76-0343128, based in Houston, Texas. Donations are tax-deductible.
- What is Robert A Welch Foundation 062491's EIN?
- Robert A Welch Foundation 062491's Employer Identification Number (EIN) is 76-0343128.
- How much revenue does Robert A Welch Foundation 062491 report?
- Robert A Welch Foundation 062491 reported $36,837,109 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Robert A Welch Foundation 062491 have?
- CharityIndex grades Robert A Welch Foundation 062491 D, based on financial health (reserves and operating margin).
- How much does Robert A Welch Foundation 062491's highest-paid employee make?
- The highest reported compensation on Robert A Welch Foundation 062491's latest Form 990 is $775,231, paid to Adam Kuspa (President).
More nonprofits in Houston
Explore more
Data for Robert A Welch Foundation 062491 (EIN 76-0343128) 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.