Well Incorporated

Analysis

Well Incorporated is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2015, 11 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, Well Incorporated reported income of $901k and spending of $913k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $222k to $901k (+306%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Well Incorporated 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 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Concilium Inc ($901k), House on the Rock Family Ministries ($902k) and Presbyterian Outlook Found Inc ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $46k (5.0% of expenses). Other salaries and wages came to $287k. At year end it held assets of $297k against liabilities of $138k, net assets of $159k. It reported 20 employees.