Quick charity verification for Welllife Network Inc (EIN: 112542430)
Verdict: Welllife Network Inc appears trustworthy
70/100Mission Score
$139.4MRevenue
$126.9MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported in summary data, which is highly unusual for an organization of this scale and warrants further investigation.
Significant liabilities relative to assets, with liabilities often exceeding 70% of total assets (e.g., 79% in 2023), which could indicate reliance on debt or other obligations.
Strengths
Consistent and substantial revenue growth, from $90.6M in 2015 to $133.9M in 2023, indicating strong operational capacity and funding.
Stable asset base, consistently growing over the years, demonstrating financial capacity.
Positive net income in most recent years (e.g., $3.4M in 2023, $14.4M in 2022), indicating financial sustainability.
Spending Breakdown
How Welllife Network Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Welllife Network Inc
Is Welllife Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Welllife Network Inc (EIN: 112542430) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Welllife Network Inc a good charity to donate to?
Welllife Network Inc has a Mission Score of 70/100. Revenue: $139.4M. Assets: $126.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Welllife Network Inc?
The Employer Identification Number (EIN) for Welllife Network Inc is 112542430. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Welllife Network Inc spend its money?
Welllife Network Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Welllife Network Inc's tax-exempt status?
You can verify Welllife Network Inc's tax-exempt status using EIN 112542430 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Welllife Network Inc. demonstrates a consistent pattern of substantial revenue and expense, indicating a large-scale operation in the social services sector (NTEE P820). Over the past several years, the organization has shown steady growth in revenue, from $90.6 million in 2015 to $133.9 million in 2023. Their financial health appears stable, with assets consistently exceeding liabilities, though liabilities represent a significant portion of assets (e.g., $102.5 million in liabilities against $129.5 million in assets in 2023). This suggests a reliance on debt or other obligations to fund operations or assets.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% for officer compensation across all filings is a notable point regarding transparency, suggesting that executive compensation is either not reported in this field or is genuinely zero, which would be highly unusual for an organization of this size. Further investigation into their full IRS 990 forms would be necessary to understand the true allocation of expenses and executive remuneration.
While the provided data indicates a large and active organization, the lack of detailed expense breakdowns beyond total expenses and the consistent 0% officer compensation in the summary data limit a comprehensive assessment of spending efficiency and transparency. The growth in revenue and assets suggests operational expansion, but without a clearer picture of how funds are allocated, a complete judgment on financial health and efficiency remains challenging.