Wells International Foundation

Analysis

Wells International Foundation is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, Wells International Foundation reported income of $136k and spending of $126k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $136k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wells International Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Endless Opportunities ($136k), Shepherd Kitchen & Thrift of White MTNS ($136k) and South Hill Breadbox ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 5.7% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.