One Million Wells

Analysis

One Million Wells is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, One Million Wells reported income of $238k and spending of $285k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $238k (+15%), an average of +14% a year. Over the whole period it spent 106% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, One Million Wells sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Sandhills Ecological Institute Inc ($238k), Hillside Trust ($238k) and Go Alliance ($237k).

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 $154k against liabilities of $0, net assets of $154k.