Wells Bring Hope

Analysis

Wells Bring Hope is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wells Bring Hope reported income of $462k and spending of $426k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $603k to $462k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wells Bring Hope sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Project Pinball Charity Group Inc ($462k), Summit Community Gardens ($462k) and Lets Equip Inc ($462k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.