Wellness West Inc

Analysis

Wellness West Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2022, 4 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3).

In the financial year ending December 2023, Wellness West Inc reported income of $16.8m and spending of $16.4m, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $16.6m to $16.8m (+1.5%), an average of +1.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellness West Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Lapuente Home Incorporated ($16.8m), Smithtown Library ($16.8m) and Society of Saint Vincent de Paul Archdiocesan Council of Miami Inc ($16.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $18.2m against liabilities of $17.8m, net assets of $392k.