Healthwell Foundation
Healthwell Foundation reported $911.5 million in revenue and $603.2 million in expenses for calendar year 2024. Of every $100 it spent, $98.49 went to program services, $1.26 to management and general costs and $0.25 to fundraising. Its largest source of revenue was contributions and grants: 97.3% of the total. The highest compensation it reported for one person was $385,104 (Chief Development Officer). 21 people received more than $100,000 in reportable compensation. Revenue rose 87% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $603MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $912MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.5% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.3% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $385,104 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.06% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 21 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.4 | 6.6 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe HealthWell Foundation is a leading independent non-profit dedicated to improving access to health care for America's underinsured. When health insurance is not enough, we fill the gap by assisting with copays, premiums, deductibles and out-of-pocket expenses. In 2024, we awarded more than $1.2 billion in grants through our Disease Funds, and since 2004 we have helped more than 1,100,000 patients afford essential treatments and medications. HealthWell is recognized as one of America's most efficient charities - 100 percent of every dollar donated goes directly to patient grants and…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Chief Development Officer Officer, 40.0 hrs/week | $354,216 | $0 | $30,888 | $385,104 |
| Chief Financial Officer Officer, 40.0 hrs/week | $277,883 | $0 | $48,753 | $326,636 |
| Chief Operations Officer Officer, 40.0 hrs/week | $256,088 | $0 | $65,932 | $322,020 |
| Chief Foundation Prog. Officer Officer, 40.0 hrs/week | $253,727 | $0 | $45,270 | $298,997 |
| PRESIDENT & CEO Officer, 40.0 hrs/week | $256,452 | $0 | $3,949 | $260,401 |
| Board Chair and Interim CEO Director/trustee, officer, 40.0 hrs/week | $247,638 | $0 | $0 | $247,638 |
| Director of operations Highest compensated employee, 40.0 hrs/week | $164,166 | $0 | $66,110 | $230,276 |
| Mktg & Comms. Director Highest compensated employee, 40.0 hrs/week | $156,469 | $0 | $48,538 | $205,007 |
21 people received more than $100,000 in reportable compensation from Healthwell Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5296
- Volunteers Part I, line 69
Private foundation grants it received
17 private foundations reported grants to Healthwell Foundation totaling $235K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Healthwell Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Healthwell Foundation, you can publish a response that is linked from this page.
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Of every $100 Healthwell Foundation spent in 2024, $98.49 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Adventist HealthcareGaithersburg, MD · revenue $910M · programs 82.4% · 2024
- Tucson Medical CenterTucson, AZ · revenue $913M · programs 93.9% · 2024
- The Stamford HospitalStamford, CT · revenue $909M · programs 82.6% · FY2025
- Phoebe Putney Memorial HospitalAlbany, GA · revenue $914M · programs 80.6% · FY2025
- Edward HospitalArlington Heights, IL · revenue $908M · programs 91.3% · 2024
Questions people ask
How much of Healthwell Foundation's spending goes to programs?
In calendar year 2024, Healthwell Foundation reported that 98.5% of its $603.2 million in expenses went to program services, 1.3% to management and general and 0.2% to fundraising (Form 990, Part IX).
How much does Healthwell Foundation pay its top executive?
The largest total compensation Healthwell Foundation reported for one person in calendar year 2024 was $385,104, for the role of Chief Development Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Healthwell Foundation get its money?
Of $911.5 million in revenue in calendar year 2024, 97.3% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Healthwell Foundation a registered charity?
The IRS lists EIN 20-0413676 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202542799349300339 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202422959349301102 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312689349300111 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223019349301982 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112309349301101 · read the filing
- 2019: Form 990 for calendar year 2019, object 202032069349300303 · read the filing
All filings for EIN 20-0413676: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.