At the Well Ministries Inc

Analysis

At the Well Ministries Inc is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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 June 2024, At the Well Ministries Inc reported income of $144k and spending of $148k, spending 103% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $216k to $144k (-33%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, At the Well Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Harvest Preparation International Ministries Inc ($144k), Greater LA Jolla Meals-On-Wheels Inc ($144k) and Summerplace Residences of Frederick Inc ($144k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (50% of expenses). At year end it held assets of $105k against liabilities of $0, net assets of $105k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.