Cultural Wellness Center

Analysis

Cultural Wellness Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover health care, 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, Cultural Wellness Center reported income of $7.6m and spending of $3.4m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $7.6m (+649%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cultural Wellness Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include School-Based Health Alliance ($7.6m), Visiting Nurses Assoc of Butler Co ($7.6m) and Lenawee Long Term Care ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $226k (6.6% of expenses). Other salaries and wages came to $990k. At year end it held assets of $5.7m against liabilities of $335k, net assets of $5.4m. It reported 24 employees.