Wellness Networks Inc

Analysis

Wellness Networks Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 1988, 38 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 September 2023, Wellness Networks Inc reported income of $4.2m and spending of $4.3m, spending 102% of its income. Across the 6 years on record, from June 2019 to September 2023, income grew from $3.0m to $4.2m (+37%), an average of +6.6% a year. The sharpest change came in the year to September 2020, when income rose by 309%. 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, Wellness Networks Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Georgetown Healthcare System Inc ($4.2m), Trihampton Rescue Squad ($4.2m) and Project Healing Waters Fly Fishing Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $1.5m against liabilities of $882k, net assets of $661k. It reported 71 employees.