Wellnest Emotional Health & Wellness

Analysis

Wellnest Emotional Health & Wellness is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1949, 77 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 June 2023, Wellnest Emotional Health & Wellness reported income of $32.1m and spending of $35.5m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.3m to $32.1m (+27%), an average of +6.2% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellnest Emotional Health & Wellness sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Port Health Services ($32.1m), Care for the Homeless Inc ($32.1m) and Lifeworks Incorporated ($32.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.0m (2.9% of expenses). Other salaries and wages came to $17.5m. At year end it held assets of $62.0m against liabilities of $33.8m, net assets of $28.1m. It reported 308 employees.