At the Well Project Inc

Analysis

At the Well Project Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2019, 7 years ago. 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, At the Well Project Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $607k to $1.9m (+210%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, At the Well Project Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Holomua Collective ($1.9m), Decatur Day Care Center ($1.9m) and Childrens Aid Society of Mercer County ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $142k (8.4% of expenses). Other salaries and wages came to $697k. At year end it held assets of $931k against liabilities of $35k, net assets of $896k. It reported 14 employees.