Wellnessworx Inc

Analysis

Wellnessworx Inc is a registered charity in United States, based in Oxnard, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Wellnessworx Inc reported income of $103.7m and spending of $103.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.8m to $103.7m (+197%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellnessworx Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Comprehensive Healthcare ($103.6m), Bartow Regional Medical Center Inc ($103.7m) and Frederick Health Medical Group LLC ($103.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $300k against liabilities of $111k, net assets of $189k.