Annapolis Wellness Corporation
Annapolis Wellness Corporation maintains strong financial health with consistent surpluses and zero officer compensation.
EIN: 205764752 · Annapolis, MD · NTEE: E70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $527K |
| Program Spending | 90% |
| Net Assets | $716K |
| Transparency Score | 92/100 |
Is Annapolis Wellness Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Annapolis Wellness Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Annapolis Wellness Corporation
Annapolis Wellness Corporation (EIN: 205764752) is a nonprofit organization based in Annapolis, MD, classified under NTEE code E70. The organization reported total revenue of $1.0M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Annapolis Wellness Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Annapolis Wellness Corporation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $637K |
| Total Expenses | $527K |
| Surplus / Deficit | +$110K |
| Total Assets | $741K |
| Total Liabilities | $25K |
| Net Assets | $716K |
| Operating Margin | 17.2% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 16.9 months |
Financial Health Grade: A
In 2023, Annapolis Wellness Corporation reported a surplus of $110K with revenue exceeding expenses, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Annapolis Wellness Corporation's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.2% | -16.9% | +18.2% |
| 2022 | +6.2% | +20.3% | -12.3% |
| 2021 | -0.9% | +6.8% | -0.1% |
| 2020 | +46.6% | +20.4% | -2.3% |
| 2019 | -0.6% | +33.8% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Annapolis Wellness Corporation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Annapolis Wellness Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated volunteers or compensated through non-officer roles, which is highly favorable for maximizing funds for the organization's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Annapolis Wellness Corporation:
- Consistent financial surpluses, such as $109,621 in 2023 ($637,043 revenue - $527,422 expenses).
- Zero reported officer compensation across all 13 filings, indicating high efficiency in leadership costs.
- Strong asset growth, from $311,184 in 2014 to $740,766 in 2023.
- Low and well-managed liabilities, consistently below 5% of assets in recent years.
- Positive revenue trend and overall financial stability over a decade.
Frequently Asked Questions about Annapolis Wellness Corporation
Is Annapolis Wellness Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Annapolis Wellness Corporation (EIN: 205764752) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Annapolis Wellness Corporation spend its money?
Annapolis Wellness Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Annapolis Wellness Corporation tax-deductible?
Annapolis Wellness Corporation is registered as a tax-exempt nonprofit (EIN: 205764752). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Annapolis Wellness Corporation's spending goes to programs?
Annapolis Wellness Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Annapolis Wellness Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Annapolis Wellness Corporation is above average for NTEE category E70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Annapolis Wellness Corporation located?
Annapolis Wellness Corporation is headquartered in Annapolis, Maryland and files with the IRS under EIN 205764752. It is classified under NTEE code E70.
How many years of IRS 990 filings does Annapolis Wellness Corporation have?
Annapolis Wellness Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Is Annapolis Wellness Corporation a good charity?
Based on the provided financial data, Annapolis Wellness Corporation appears to be a good charity. They consistently generate surpluses, have growing assets, low liabilities, and report 0% officer compensation, indicating efficient use of funds.
How has Annapolis Wellness Corporation's revenue trended over time?
Annapolis Wellness Corporation's revenue has shown a positive upward trend, increasing from $430,314 in 2014 to $637,043 in 2023, with the latest reported revenue at $1,046,688, indicating significant growth.
What is the organization's asset-to-liability ratio?
In the latest filing (202312), Annapolis Wellness Corporation's assets were $740,766 and liabilities were $25,051, resulting in a strong asset-to-liability ratio of approximately 29.57:1, indicating excellent financial stability.
Filing History
IRS 990 filing history for Annapolis Wellness Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Annapolis Wellness Corporation's revenue has grown by 301.7%, moving from $159K to $637K. Total assets increased by 903.9% over the same period, from $74K to $741K. Total functional expenses rose by 138.9%, from $221K to $527K. In its most recent filing year (2023), Annapolis Wellness Corporation reported a surplus of $110K, with revenue exceeding expenses. The organization holds $25K in liabilities against $741K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $716K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $637K | $527K | $741K | $25K | — | View 990 |
| 2022 | $553K | $635K | $627K | $21K | — | View 990 |
| 2021 | $521K | $528K | $715K | $28K | — | View 990 |
| 2020 | $526K | $494K | $716K | $22K | — | — |
| 2019 | $358K | $411K | $733K | $71K | — | View 990 |
| 2018 | $361K | $307K | $774K | $60K | — | View 990 |
| 2017 | $373K | $286K | $686K | $26K | — | View 990 |
| 2016 | $417K | $309K | $586K | $12K | — | View 990 |
| 2015 | $480K | $325K | $473K | $6K | — | View 990 |
| 2014 | $430K | $255K | $311K | $0 | — | View 990 |
| 2013 | $239K | $233K | $132K | $0 | — | View 990 |
| 2012 | $271K | $219K | $126K | $0 | — | View 990 |
| 2011 | $159K | $221K | $74K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $637K, expenses of $527K, and assets of $741K (revenue +15.2% year-over-year).
- 2022: Revenue of $553K, expenses of $635K, and assets of $627K (revenue +6.2% year-over-year).
- 2021: Revenue of $521K, expenses of $528K, and assets of $715K (revenue -0.9% year-over-year).
- 2020: Revenue of $526K, expenses of $494K, and assets of $716K (revenue +46.6% year-over-year).
- 2019: Revenue of $358K, expenses of $411K, and assets of $733K (revenue -0.6% year-over-year).
- 2018: Revenue of $361K, expenses of $307K, and assets of $774K (revenue -3.2% year-over-year).
- 2017: Revenue of $373K, expenses of $286K, and assets of $686K (revenue -10.6% year-over-year).
- 2016: Revenue of $417K, expenses of $309K, and assets of $586K (revenue -13.1% year-over-year).
- 2015: Revenue of $480K, expenses of $325K, and assets of $473K (revenue +11.5% year-over-year).
- 2014: Revenue of $430K, expenses of $255K, and assets of $311K (revenue +79.8% year-over-year).
- 2013: Revenue of $239K, expenses of $233K, and assets of $132K (revenue -11.6% year-over-year).
- 2012: Revenue of $271K, expenses of $219K, and assets of $126K (revenue +70.8% year-over-year).
- 2011: Revenue of $159K, expenses of $221K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Annapolis Wellness Corporation:
Data Sources and Methodology
This transparency report for Annapolis Wellness Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.