Financial Wellness Institute Inc

Analysis

Financial Wellness Institute Inc is a registered charity in United States, based in Woodbury, NJ. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Financial Wellness Institute Inc reported income of $306k and spending of $292k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $275k to $306k (+11%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Financial Wellness Institute Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include National Hospitality Institute ($306k), Heritage Museum of Asian Art ($306k) and Freedom Farm Crossroads Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $127k (43% of expenses). Other salaries and wages came to $21k. At year end it held assets of $274k against liabilities of $253k, net assets of $21k. It reported 3 employees.