Wello Inc

Analysis

Wello Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in September 2021, 5 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 September 2023, Wello Inc reported income of $489k and spending of $472k, spending 96% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $415k to $489k (+18%), an average of +8.6% a year. The sharpest change came in the year to September 2023, when income rose by 36%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wello Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Midwinter Conference of Immunologists ($489k), Work in Progress Inc ($489k) and Harbor to the Bay Inc ($489k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (19% of expenses). Other salaries and wages came to $187k. At year end it held assets of $248k against liabilities of $23k, net assets of $225k. It reported 5 employees.