Wellstone Inc

Analysis

Wellstone Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover mental health and crisis intervention, 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 September 2021, Wellstone Inc reported income of $25.9m and spending of $21.0m, spending 81% of its income. Across the 3 years on record, from September 2019 to September 2021, income grew from $19.3m to $25.9m (+35%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellstone Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Coney Island Medical Practice Plan PC ($25.9m), Bedford Stuyvesant Family Health Center Inc ($25.9m) and Magnolia Regional Health System Inc ($25.9m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 60% and program service revenue 35% of the total. Other salaries and wages came to $13.0m. At year end it held assets of $27.2m against liabilities of $9.6m, net assets of $17.6m. It reported 529 employees.