Well of Arkansas

Analysis

Well of Arkansas is a registered charity in United States, based in Hensley, AR. It received its IRS tax-exemption ruling in September 2018, 8 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, Well of Arkansas reported income of $116k and spending of $114k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $116k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Well of Arkansas sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within AR. Charities of a similar size with the same main cause include Destinations-Bradford ($116k), 1000 Hills Resources Inc ($116k) and St Pauls Cursillo and Retreat Programs Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $847k, net assets of $194k.