HEALTHWELL FOUNDATION
20440 CENTURY BLVD STE 250, GERMANTOWN, MD · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $911,501,566 | $603,213,244 | $875,979,478 |
| FY2023 | $742,364,218 | $721,499,830 | $556,276,700 |
| FY2022 | $683,954,512 | $627,531,311 | $507,742,101 |
| FY2021 | $554,261,279 | $629,943,666 | $504,315,707 |
| FY2020 | $558,747,759 | $452,158,545 | $582,119,196 |
| FY2019 | $488,370,029 | $383,841,702 | $455,710,646 |
| FY2018 | $437,569,813 | $327,823,652 | $329,097,327 |
| FY2017 | $353,917,166 | $245,804,878 | $233,441,951 |
| FY2016 | $141,223,346 | $110,112,787 | $120,077,183 |
| FY2015 | $67,991,986 | $67,463,765 | $89,016,900 |
| FY2014 | $89,243,306 | $36,555,748 | $92,260,763 |
| FY2013 | $19,478,916 | $40,445,926 | $38,794,780 |
| FY2012 | $44,390,685 | $48,117,064 | $58,439,390 |
| FY2011 | $53,842,195 | $65,518,601 | $61,599,344 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $886,965,654 | 100% |
| Program service revenue | $0 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $594,111,911 | 98% |
| Management & general | $7,603,036 | 1% |
| Fundraising | $1,498,297 | 0% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2024.
- Program services accounted for 98% of functional expenses, management & general 1%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2024. That is higher than 90.7% of 118 Health Care organizations in MD.
- Net assets covered about 17.4 months of expenses at the end of the reporting year. That puts it in the 60th percentile among 452 Health Care organizations in MD.
- Total revenue was higher than 98.9% of 476 Health Care organizations in MD.
- Total revenue rose from $53,842,195 in FY2011 to $911,501,566 in FY2024, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2011, FY2012, FY2013, FY2021).
- Net assets grew from $61,599,344 to $875,979,478 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
To reduce financial barriers to care for underinsured patients with chronic or life-altering diseases.
IRS status
| Ruling year | 2005 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E99 — Health Care (in MD) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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