Wells Ministries Inc

Analysis

Wells Ministries Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in August 2002, 24 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 December 2023, Wells Ministries Inc reported income of $202k and spending of $160k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $202k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wells Ministries Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OK. Charities of a similar size with the same main cause include Vietnamese Buddhist Fellowship of Louisiana Inc ($202k), Hindu Sabha of Connecticut Inc ($202k) and Gabrieleno-Tongva Tribal Council ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (10% of expenses). Other salaries and wages came to $22k. At year end it held assets of $108k against liabilities of $0, net assets of $108k. It reported 1 employees.