Well House

Analysis

Well House is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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 House reported income of $408k and spending of $689k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $476k to $408k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Well House sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Molalla River Watch Inc ($408k), 1st US Volunteer Cavalry Regiment ($408k) and Westport Writers Workshop I Inc ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $84k (12% of expenses). Other salaries and wages came to $100k. It paid $30k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $610k, net assets of $680k. It reported 3 employees.