C3 Wellbeing

Analysis

C3 Wellbeing is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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 2023, C3 Wellbeing reported income of $9.2m and spending of $9.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $9.2m (+58%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, C3 Wellbeing sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within RI. Charities of a similar size with the same main cause include BHHS Legacy Foundation ($9.2m), Lamoille Home Health Agency Inc ($9.2m) and New Neighborhoods Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $412k (4.4% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $5.8m against liabilities of $3.2m, net assets of $2.6m. It reported 117 employees.