Wellbeing Initiative Inc

Analysis

Wellbeing Initiative Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wellbeing Initiative Inc reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $374k to $1.3m (+247%), an average of +86% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellbeing Initiative Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NE. Charities of a similar size with the same main cause include The John F Kenney Child Care Center at Heller Park Inc ($1.3m), Robeson County Church and Community Center Inc ($1.3m) and Russian American Community Services Association ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $690k. At year end it held assets of $704k against liabilities of $192k, net assets of $512k. It reported 17 employees.