Annapolis Wellness Corporation

Analysis

Annapolis Wellness Corporation is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Annapolis Wellness Corporation reported income of $637k and spending of $527k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $358k to $637k (+78%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Annapolis Wellness Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Mobile Surgery International Inc ($637k), Wise Regional Health Foundation ($637k) and Norooz Clinic Foundation ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $116k (22% of expenses). Other salaries and wages came to $243k. At year end it held assets of $741k against liabilities of $25k, net assets of $716k. It reported 6 employees.