Well Ministries Inc

Analysis

Well Ministries Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1985, 41 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 December 2023, Well Ministries Inc reported income of $129k and spending of $131k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $90k to $129k (+44%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Well Ministries Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($129k), Lou Tate Foundation Inc ($129k) and The Dance Resource Center of Greater Los Angeles ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,999 against liabilities of $2,177, net assets of $5,822.