South Florida Wellness Network Inc

Analysis

South Florida Wellness Network Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, South Florida Wellness Network Inc reported income of $4.7m and spending of $4.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.7m (+104%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Florida Wellness Network Inc 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 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Miravida Living Inc ($4.7m), Alive Inc ($4.7m) and Grace House Ministries Incorporated ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.0% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $5.2m against liabilities of $698k, net assets of $4.5m. It reported 70 employees.