Wellness Studios Inc

Analysis

Wellness Studios Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellness Studios Inc reported income of $426k and spending of $480k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $463k to $426k (-8.0%), an average of -4.1% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellness Studios Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within NM. Charities of a similar size with the same main cause include Catholic Health Initiatives National Foundation ($426k), Providence Medical Clinic of Kingsport ($426k) and Blue River Housing ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. Other salaries and wages came to $322k. At year end it held assets of $19k against liabilities of $133k, net assets of -$114k. It reported 17 employees.