Well Resource Center NFP

Analysis

Well Resource Center NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2023, 3 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, Well Resource Center NFP reported income of $508k and spending of $301k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $508k (+173%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Well Resource Center NFP sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Zepf Housing Corporation Three Inc ($508k), Montco Anti Hunger Network ($508k) and Fort Wayne Urban League Inc ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $74k (25% of expenses). Other salaries and wages came to $89k. At year end it held assets of $322k against liabilities of $4,258, net assets of $318k. It reported 9 employees.