Well Africa-Usa Inc

Analysis

Well Africa-Usa Inc is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Well Africa-Usa Inc reported income of $563k and spending of $182k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income grew from $246k to $563k (+129%), an average of +128% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 48% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Well Africa-Usa Inc 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 72nd percentile, and in the 71st percentile within UT. Charities of a similar size with the same main cause include Iraqi Children Foundation ($563k), Hawassa Hope Inc ($563k) and Building Youth Around the World ($563k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $91k. At year end it held assets of $541k against liabilities of $0, net assets of $541k.