Advisewell Inc

Analysis

Advisewell Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover health care, 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 December 2022, Advisewell Inc reported income of $6.9m and spending of $2.3m, leaving 66% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $35.8m to $6.9m (-81%), an average of -42% a year. The sharpest change came in the year to December 2022, when income rose by 394%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advisewell Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Cole County Residential Services Inc ($6.9m), Community Hospice of Northeast Florida Foundation for Caring Inc ($6.9m) and Donald Guthrie Foundation ($6.9m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 24% of the total. Other salaries and wages came to $763k. At year end it held assets of $15.1m against liabilities of $328k, net assets of $14.8m. It reported 15 employees.