Wells of Southgate

Analysis

Wells of Southgate is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wells of Southgate reported income of $166k and spending of $137k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $152k to $166k (+9.6%), an average of +9.6% a year. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wells of Southgate sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within MS. Charities of a similar size with the same main cause include Cass County Food Pantry Corporation ($166k), Ecuadorian Civic Committee of New York Inc ($166k) and New Leaf-New Life Inc ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. At year end it held assets of $342k against liabilities of $191k, net assets of $151k.