Wellshare International

Analysis

Wellshare International is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Wellshare International reported income of $2.3m and spending of $2.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.3m (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Wellshare International 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 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include The Telos Group Inc ($2.3m), Free the Slaves Inc ($2.3m) and Project Mexico of the Orthodox Church ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $148k (6.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.7m against liabilities of $780k, net assets of $957k. It reported 39 employees.