Wells of Joy Inc

Analysis

Wells of Joy Inc is a registered charity in United States, based in Battlefield, MO. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wells of Joy Inc reported income of $77k and spending of $74k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $77k (+14%), an average of +14% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wells of Joy Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within MO. Charities of a similar size with the same main cause include Redeemers Leadership Institute Inc ($77k), Vision Faith Ministries Incorporated ($78k) and Peoples Cauldron ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.