W Michael & Susan Wells Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
W Michael & Susan Wells Foundation Inc is a 501(c)(3) organization based in Carmel, Indiana, registered in 2007, with $8,347 in FY2024 revenue. CharityIndex grades it D.
4929 Deer Ridge Dr S, Carmel, IN, 46033 EIN 35-2088790 Since 2007
Revenue (FY2024)
$8,347
▲ 3.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$12K
Net assets
$176K
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 W Michael & Susan Wells Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating170 mo reserves · -49% 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 W Michael & Susan Wells Foundation Inc: 170 mo reserves · -49% margin earns a D 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 W Michael & Susan Wells Foundation Inc— 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 W Michael & Susan Wells Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4929 Deer Ridge Dr S, Carmel, IN, 46033
- City
- Carmel
- State
- Indiana
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $5,929 (FY2015) to $8,347 (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $176K
Operating margin
-49.1%
Spent more than it raised in the latest fiscal year.
Total assets
$176K
Total liabilities
$0
Net assets
$176K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,347▲3.4% | $12,448▼8.6% | $176,258▼2.3% | $176,258▼2.3% | 990PF |
| 2023 | $8,073▼75.9% | $13,625▲576% | $180,359▼3.0% | $180,359▼3.0% | 990PF |
| 2022 | $33,440▲586% | $2,017▼78.7% | $185,911▲20.3% | $185,911▲20.3% | 990PF |
| 2021 | $4,875▲0.5% | $9,465▲393% | $154,488▼2.9% | $154,488▼2.9% | 990PF |
| 2020 | $4,850▼16.5% | $1,921▼83.8% | $159,078▲1.9% | $159,078▲1.9% | 990PF |
| 2019 | $5,807▼9.4% | $11,884▲1220% | $156,149▼3.7% | $156,149▼3.7% | 990PF |
| 2018 | $6,413▲1.1% | $900▼62.5% | $162,226▲3.5% | $162,226▲3.5% | 990PF |
| 2017 | $6,343▲7.0% | $2,400▼78.0% | $156,713▲4.8% | $156,713▲4.8% | 990PF |
| 2015 | $5,929 | $10,900 | $149,580 | $149,580 | 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 W Michael & Susan Wells Foundation Inc a legitimate nonprofit?
- Yes. W Michael & Susan Wells Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-2088790, based in Carmel, Indiana. Donations are tax-deductible.
- What is W Michael & Susan Wells Foundation Inc's EIN?
- W Michael & Susan Wells Foundation Inc's Employer Identification Number (EIN) is 35-2088790.
- How much revenue does W Michael & Susan Wells Foundation Inc report?
- W Michael & Susan Wells Foundation Inc reported $8,347 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does W Michael & Susan Wells Foundation Inc have?
- CharityIndex grades W Michael & Susan Wells Foundation Inc D, based on financial health (reserves and operating margin).
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Data for W Michael & Susan Wells Foundation Inc (EIN 35-2088790) 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.