Davids Well Incorporated

Analysis

Davids Well Incorporated is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Davids Well Incorporated reported income of $271k and spending of $363k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $371k to $271k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Davids Well Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Transformation Network Incorporated ($271k), Margo Fieseler Ministries ($271k) and Citadel of Praise and Worship Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $102k against liabilities of $1,300, net assets of $101k.