The Wellhouse

Analysis

The Wellhouse is a registered charity in United States, based in Odenville, AL. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Wellhouse reported income of $3.7m and spending of $2.4m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Wellhouse sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within AL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.7m), Providence Housing Corporation ($3.7m) and Refuge for Women ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $239k (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.7m against liabilities of $67k, net assets of $9.7m. It reported 71 employees.