Well Being Development

Analysis

Well Being Development is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Well Being Development reported income of $354k and spending of $379k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $490k to $354k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Well Being Development sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include O Wayne and Glenda Sue Mortenson Charitable Foundation in ($354k), Helene Foundation ($354k) and Crisis Pregnancy Center of Baytown ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $29k (7.5% of expenses). At year end it held assets of $68k against liabilities of $653, net assets of $67k. It reported 8 employees.