Institute for Well-Being in Law

Analysis

Institute for Well-Being in Law is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in November 2021, 5 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, Institute for Well-Being in Law reported income of $256k and spending of $273k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $380k to $256k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Institute for Well-Being in Law sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within KS. Charities of a similar size with the same main cause include Citystep Org Inc ($256k), Karuna Inc ($256k) and Stanford Open ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $154k (56% of expenses). Other salaries and wages came to $11k. At year end it held assets of $356k against liabilities of $58k, net assets of $298k. It reported 1 employees.