Sanar Wellness Institute Inc

Analysis

Sanar Wellness Institute Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Sanar Wellness Institute Inc reported income of $974k and spending of $1.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $974k (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sanar Wellness Institute Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Childrens Volunteer Health Network Inc ($974k), Upstate Caring Partners Foundation ($974k) and R3-Rehabilitation Restoration and Respite Inc ($973k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $299k (29% of expenses). Other salaries and wages came to $379k. At year end it held assets of $299k against liabilities of $14k, net assets of $285k. It reported 12 employees.