Quick charity verification for Wells Of Wholeness Inc (EIN: 200209047)
Verdict: Wells Of Wholeness Inc shows mixed signals
65/100Mission Score
$391KRevenue
$723KAssets
3Red Flags
3Strengths
Red Flags
Liabilities ($732,594) exceeding assets ($731,509) in the latest filing (202312).
Operating at a deficit in the latest filing (202312) with expenses ($161,011) higher than revenue ($148,320).
Significant volatility in revenue and asset levels across different filing periods, indicating potential instability.
Strengths
Consistent 0% officer compensation across all reported periods, indicating a strong commitment to minimizing executive overhead.
Long history of IRS 990 filings (13 filings), demonstrating transparency in reporting.
Growth in overall revenue to $391,188 (latest reported) from earlier periods, suggesting increasing support.
Spending Breakdown
How Wells Of Wholeness 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 Wells Of Wholeness Inc
Is Wells Of Wholeness Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wells Of Wholeness Inc (EIN: 200209047) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Wells Of Wholeness Inc a good charity to donate to?
Wells Of Wholeness Inc has a Mission Score of 65/100. Revenue: $391K. Assets: $723K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wells Of Wholeness Inc?
The Employer Identification Number (EIN) for Wells Of Wholeness Inc is 200209047. 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 Wells Of Wholeness Inc spend its money?
Wells Of Wholeness Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wells Of Wholeness Inc's tax-exempt status?
You can verify Wells Of Wholeness Inc's tax-exempt status using EIN 200209047 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
Wells Of Wholeness Inc has experienced significant fluctuations in its financial health over the past few years. While the organization reported its latest revenue at $391,188, the most recent 990 filing (202312) shows revenue of $148,320 against expenses of $161,011, indicating a deficit for that period. A notable concern is the substantial increase in liabilities to $732,594 in 202312, which now exceeds its assets of $731,509, suggesting potential financial instability. This is a dramatic shift from previous years where liabilities were minimal or non-existent.
The organization's spending efficiency appears to be focused on its programs, as indicated by the 0% officer compensation across all reported periods, suggesting that resources are not being diverted to high executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation does reflect a commitment to minimizing overhead in that specific area.
Transparency is generally good given the consistent filing of IRS 990s. The absence of officer compensation is a positive indicator of resource allocation towards the mission rather than executive pay. However, the sudden and significant increase in liabilities in the latest filing warrants further investigation to understand the nature of these obligations and their potential impact on the organization's long-term sustainability.