The Well Training Ministry Inc

Analysis

The Well Training Ministry Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in April 2009, 17 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, The Well Training Ministry Inc reported income of $208k and spending of $132k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $208k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Well Training Ministry Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Know Thyself As Soul Foundation Southwest ($208k), Restoration Ministries Inc ($208k) and In His Name Ministries Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $15k. At year end it held assets of $629k against liabilities of $174k, net assets of $455k. It reported 7 employees.