The Well Ne
EIN: 470744888 · Norfolk, NE · NTEE: F22Z
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $4.2M |
| Net Assets | $1.5M |
Is The Well Ne 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 Ne
The Well Ne (EIN: 470744888) is a nonprofit organization based in Norfolk, NE, classified under NTEE code F22Z. The organization reported total revenue of $5.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Well Ne's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Well Ne is a mid-size nonprofit that has been operating for 35 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$581K |
| Total Assets | $2.2M |
| Total Liabilities | $696K |
| Net Assets | $1.5M |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 32.1% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2023, The Well Ne reported a surplus of $581K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 32.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Well Ne's revenue has grown at a compound annual growth rate (CAGR) of 17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.2% | +16.2% | +67.3% |
| 2022 | +23.4% | +31.8% | -4.5% |
| 2021 | +26.3% | +40.1% | -0.1% |
| 2020 | +58.2% | +48.6% | +51.8% |
| 2019 | +4.9% | +12.2% | +10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Well Ne 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 Ne 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 surplus of $581K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.1%.
Frequently Asked Questions about The Well Ne
Is The Well Ne a legitimate charity?
The Well Ne (EIN: 470744888) is a registered tax-exempt nonprofit based in Nebraska. It has 12 years of IRS 990 filings on record. Total revenue: $5.3M. No red flags identified. Financial health grade: A.
How does The Well Ne spend its money?
The Well Ne reported $5.3M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Well Ne tax-deductible?
The Well Ne is registered as a tax-exempt nonprofit (EIN: 470744888). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Well Ne located?
The Well Ne is headquartered in Norfolk, Nebraska and files with the IRS under EIN 470744888. It is classified under NTEE code F22Z.
How many years of IRS 990 filings does The Well Ne have?
The Well Ne has 12 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 $5.3M in total revenue.
Filing History
IRS 990 filing history for The Well Ne showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Well Ne's revenue has grown by 494.1%, moving from $801K to $4.8M. Total assets increased by 1076.8% over the same period, from $185K to $2.2M. Total functional expenses rose by 437.8%, from $777K to $4.2M. In its most recent filing year (2023), The Well Ne reported a surplus of $581K, with revenue exceeding expenses. The organization holds $696K in liabilities against $2.2M in assets (debt-to-asset ratio: 32.1%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $4.2M | $2.2M | $696K | — | — |
| 2022 | $3.4M | $3.6M | $1.3M | $404K | — | View 990 |
| 2021 | $2.7M | $2.7M | $1.4M | $265K | — | — |
| 2020 | $2.2M | $1.9M | $1.4M | $289K | — | View 990 |
| 2019 | $1.4M | $1.3M | $897K | $56K | — | View 990 |
| 2018 | $1.3M | $1.2M | $812K | $37K | — | — |
| 2017 | $1.2M | $969K | $646K | $16K | — | View 990 |
| 2016 | $904K | $794K | $481K | $43K | — | View 990 |
| 2015 | $895K | $775K | $364K | $36K | — | View 990 |
| 2014 | $854K | $820K | $239K | $31K | — | View 990 |
| 2013 | $823K | $770K | $207K | $34K | — | View 990 |
| 2012 | $801K | $777K | $185K | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $4.2M, and assets of $2.2M (revenue +40.2% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.6M, and assets of $1.3M (revenue +23.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.7M, and assets of $1.4M (revenue +26.3% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.9M, and assets of $1.4M (revenue +58.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $897K (revenue +4.9% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $812K (revenue +13.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $969K, and assets of $646K (revenue +28.5% year-over-year).
- 2016: Revenue of $904K, expenses of $794K, and assets of $481K (revenue +0.9% year-over-year).
- 2015: Revenue of $895K, expenses of $775K, and assets of $364K (revenue +4.9% year-over-year).
- 2014: Revenue of $854K, expenses of $820K, and assets of $239K (revenue +3.8% year-over-year).
- 2013: Revenue of $823K, expenses of $770K, and assets of $207K (revenue +2.7% year-over-year).
- 2012: Revenue of $801K, expenses of $777K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Well Ne:
Data Sources and Methodology
This transparency report for The Well Ne 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.