Well Beings

Analysis

Well Beings is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Beings reported income of $1.5m and spending of $1.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $1.5m (+217%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Well Beings sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Jamaica Relief Ministries Inc ($1.5m), North Dakota Domestic & Sexual Violence Coalition ($1.5m) and Southeast Alaska Food Bank ($1.5m).

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 $6,217 (0.4% of expenses). Other salaries and wages came to $320k. At year end it held assets of $267k against liabilities of $86k, net assets of $181k. It reported 5 employees.