Well Corp

Analysis

Well Corp is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in December 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 December 2023, Well Corp reported income of $127k and spending of $101k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $127k (-0.2%), an average of -0.2% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Well Corp sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within GA. Charities of a similar size with the same main cause include Tikvah Layeled Foundation Inc ($127k), Marshall County Senior Citizens Inc ($127k) and Break the Cycle Foundation- Built on the Cornerstone of Christ ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.