Restoring the Wells

Analysis

Restoring the Wells is a registered charity in United States, based in Charles Town, WV. It received its IRS tax-exemption ruling in August 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, Restoring the Wells reported income of $176k and spending of $173k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $176k (+246%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 220%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Restoring the Wells sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within WV. Charities of a similar size with the same main cause include Lithuanian Catholic Federation Atetis Incorporated ($176k), Manuel Scott Jr Ministries Inc ($176k) and Lights Up Ministries Inc ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $194k against liabilities of $2,219, net assets of $192k.