Deep Well

Analysis

Deep Well is a registered charity in United States, based in Bellevue, NE. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Deep Well reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.0m to $2.1m (+3.5%), an average of +3.5% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Deep Well sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within NE. Charities of a similar size with the same main cause include Santa Ynez Valley Charter School Inc ($2.1m), Improving Education Inc ($2.1m) and Ars Holding Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $305k. At year end it held assets of $4.3m against liabilities of $3.4m, net assets of $970k. It reported 12 employees.