Wells Family Resource Center

Analysis

Wells Family Resource Center is a registered charity in United States, based in Wells, NV. It received its IRS tax-exemption ruling in March 1999, 27 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, Wells Family Resource Center reported income of $477k and spending of $449k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $477k (+151%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wells Family Resource Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include USA Ibc Foundation ($477k), LA Escuelita Bilingual Preschool ($477k) and Beautiful Day Foundation ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $166k. At year end it held assets of $146k against liabilities of $7,033, net assets of $139k. It reported 16 employees.