Well for the Journey Inc

Analysis

Well for the Journey Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Well for the Journey Inc reported income of $407k and spending of $325k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $257k to $407k (+59%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 63%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Well for the Journey Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Coastal Sage Montessori ($407k), Tenney Nursery and Parent Center Inc ($407k) and Sedona Creative Life Center ($407k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $84k (26% of expenses). Other salaries and wages came to $127k. At year end it held assets of $161k against liabilities of $701, net assets of $160k. It reported 5 employees.