Wellspoken Ministries

Analysis

Wellspoken Ministries is a registered charity in United States, based in Greer, SC. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Wellspoken Ministries reported income of $138k and spending of $139k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $113k to $138k (+22%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wellspoken Ministries sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within SC. Charities of a similar size with the same main cause include 1000 Hills Ministry International Inc ($138k), Bethel Mission Outreach Inc ($138k) and Debre Kerbe Kidist Mariam Wetsadik Abune Habtemariam Eot Church ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 18% of the total. At year end it held assets of $249k against liabilities of $29k, net assets of $221k.