The Well Food And Clothing Source
EIN: 862231494 · Marion, IA · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $655K |
| Total Expenses | $495K |
| Net Assets | $42K |
Is The Well Food And Clothing Source Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Well Food And Clothing Source
The Well Food And Clothing Source (EIN: 862231494) is a nonprofit organization based in Marion, IA, classified under NTEE code K31. The organization reported total revenue of $655K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Well Food And Clothing Source's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Well Food And Clothing Source is a small nonprofit that has been operating for 4 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $489K |
| Total Expenses | $495K |
| Surplus / Deficit | $-6,059 |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | -1.2% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2023, The Well Food And Clothing Source reported a deficit of $6K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2020–2023), The Well Food And Clothing Source's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.5% | -11.8% | -12.6% |
| 2022 | -35.1% | -32.3% | -14.9% |
| 2021 | +69.7% | +77.5% | +64.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Well Food And Clothing Source has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Well Food And Clothing Source with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
Frequently Asked Questions about The Well Food And Clothing Source
Is The Well Food And Clothing Source a legitimate charity?
Based on AI analysis of IRS 990 filings, The Well Food And Clothing Source (EIN: 862231494) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Well Food And Clothing Source spend its money?
Detailed spending breakdown data is not yet available for The Well Food And Clothing Source. Check back for updated IRS 990 analysis.
Are donations to The Well Food And Clothing Source tax-deductible?
The Well Food And Clothing Source is registered as a tax-exempt nonprofit (EIN: 862231494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Well Food And Clothing Source located?
The Well Food And Clothing Source is headquartered in Marion, Iowa and files with the IRS under EIN 862231494. It is classified under NTEE code K31.
How many years of IRS 990 filings does The Well Food And Clothing Source have?
The Well Food And Clothing Source has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $655K in total revenue.
Filing History
IRS 990 filing history for The Well Food And Clothing Source showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), The Well Food And Clothing Source's revenue has declined by 2.5%, moving from $502K to $489K. Total assets increased by 22.4% over the same period, from $34K to $42K. Total functional expenses rose by 6%, from $468K to $495K. In its most recent filing year (2023), The Well Food And Clothing Source reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $489K | $495K | $42K | $0 | — | View 990 |
| 2022 | $553K | $562K | $48K | $0 | — | View 990 |
| 2021 | $852K | $830K | $56K | $0 | — | View 990 |
| 2020 | $502K | $468K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $489K, expenses of $495K, and assets of $42K (revenue -11.5% year-over-year).
- 2022: Revenue of $553K, expenses of $562K, and assets of $48K (revenue -35.1% year-over-year).
- 2021: Revenue of $852K, expenses of $830K, and assets of $56K (revenue +69.7% year-over-year).
- 2020: Revenue of $502K, expenses of $468K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Well Food And Clothing Source:
Data Sources and Methodology
This transparency report for The Well Food And Clothing Source 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.