Well Community

Analysis

Well Community is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Well Community reported income of $529k and spending of $523k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $529k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Well Community sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include True North Ministries Inc ($528k), Sri Lakshmi Ganapathi Temple ($529k) and Baptist Foundation of Maryland Delaware Inc ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $97k (19% of expenses). Other salaries and wages came to $130k. It paid $13k in professional fundraising fees. At year end it held assets of $336k against liabilities of $6,812, net assets of $329k. It reported 10 employees.