Well Inc

Analysis

Well Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in July 2001, 25 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 July 2024, Well Inc reported income of $2.9m and spending of $502k, leaving 83% of income unspent that year. Across the 6 years on record, from December 2019 to July 2024, income grew from $460k to $2.9m (+534%), an average of +45% a year. The sharpest change came in the year to July 2022, when income rose by 706%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Well Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Fallbrook Food Pantry ($2.9m), Open the Bible ($2.9m) and Mosdos Kever Rachel Imeinu ($2.9m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $221k. At year end it held assets of $7.1m against liabilities of $37k, net assets of $7.1m. It reported 7 employees.