Wellstar Atlanta Medical Center Inc

Organization Overview

Wellstar Atlanta Medical Center Inc is located in Marietta, GA. The organization was established in 2016. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellstar Atlanta Medical Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 10/2022, Wellstar Atlanta Medical Center Inc generated $67.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $91.8m during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (19.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $106,177
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$106,177
Total Program Service Revenue$80,997,998
Investment income -$16,026,924
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $814,561
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $67,312,967

Grants Awarded

Over the last fiscal year, Wellstar Atlanta Medical Center Inc has awarded $3,583,569 in support to 4 organizations.

Grant RecipientAmount

MOREHOUSE SCHOOL OF MEDICINE INC

Org PageRecipient Profile

Atlanta, GA

PURPOSE: SPONSORSHIP

$3,541,069

OLD FOURTH WARD BUSINESS ASSOCIATION

Org PageRecipient Profile

Atlanta, GA

PURPOSE: SPONSORSHIP

$20,000

THE SAFE AMERICA FOUNDATION

Org PageRecipient Profile

Marietta, GA

PURPOSE: SPONSORSHIP

$12,500

SICKLE CELL FOUNDATION

Org PageRecipient Profile

Atlanta, GA

PURPOSE: SPONSORSHIP

$10,000
View Grant Profile

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