Well Coffeehouse

Analysis

Well Coffeehouse is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Well Coffeehouse reported income of $3.8m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to September 2023, income grew from $1.9m to $3.8m (+107%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Well Coffeehouse sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Macedonia Family and Community Enrichment Center ($3.8m), Grace Institute of New York Inc ($3.9m) and Capitalize Albany Corporation ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% of the total. Compensation of current officers, directors and key employees was $175k (4.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.4m against liabilities of $2.4m, net assets of $1.0m. It reported 147 employees.