Marie a Wells Arts and Education Center Inc

Analysis

Marie a Wells Arts and Education Center Inc is a registered charity in United States, based in Lauderhill, FL. It received its IRS tax-exemption ruling in April 2020, 6 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 February 2024, Marie a Wells Arts and Education Center Inc reported income of $51k and spending of $52k, spending 102% of its income. Across the 2 years on record, from February 2023 to February 2024, income grew from $25k to $51k (+104%), an average of +104% a year. The sharpest change came in the year to February 2024, when income rose by 104%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marie a Wells Arts and Education Center Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Morris Cruise Night ($51k), Independent Living Partnership ($51k) and Stinnett Area Community Center Inc ($51k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $32k, net assets of -$32k.