Well Ministries

Analysis

Well Ministries is a registered charity in United States, based in New Prague, MN. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 reported income of $196k and spending of $178k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $196k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Well Ministries sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Danville Oaks Rugby Football Association ($196k), Onecommunity Inc ($196k) and Hartland Community 4 Youth & Families ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $81k. At year end it held assets of $70k against liabilities of $30k, net assets of $39k. It reported 8 employees.