The Well Project Inc A Not For Profit Corporation
EIN: 260073030 · Raleigh, NC · NTEE: G81
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.9M |
| Net Assets | $736K |
Is The Well Project Inc A Not For Profit Corporation 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 Project Inc A Not For Profit Corporation
The Well Project Inc A Not For Profit Corporation (EIN: 260073030) is a nonprofit organization based in Raleigh, NC, classified under NTEE code G81. The organization reported total revenue of $1.1M and total assets of $280K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Well Project Inc A Not For Profit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Well Project Inc A Not For Profit Corporation is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-114,458 |
| Total Assets | $756K |
| Total Liabilities | $21K |
| Net Assets | $736K |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2023, The Well Project Inc A Not For Profit Corporation reported a deficit of $114K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Well Project Inc A Not For Profit Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.2% | +5.0% | -13.4% |
| 2022 | +7.4% | +28.0% | +5.5% |
| 2021 | +62.5% | +28.1% | +65.0% |
| 2020 | -24.3% | -15.0% | -6.6% |
| 2019 | +10.4% | +14.4% | +29.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Well Project Inc A Not For Profit Corporation 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 Project Inc A Not For Profit Corporation 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 $114K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
Frequently Asked Questions about The Well Project Inc A Not For Profit Corporation
Is The Well Project Inc A Not For Profit Corporation a legitimate charity?
The Well Project Inc A Not For Profit Corporation (EIN: 260073030) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: B.
How does The Well Project Inc A Not For Profit Corporation spend its money?
The Well Project Inc A Not For Profit Corporation reported $1.1M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Well Project Inc A Not For Profit Corporation tax-deductible?
The Well Project Inc A Not For Profit Corporation is registered as a tax-exempt nonprofit (EIN: 260073030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Well Project Inc A Not For Profit Corporation located?
The Well Project Inc A Not For Profit Corporation is headquartered in Raleigh, North Carolina and files with the IRS under EIN 260073030. It is classified under NTEE code G81.
How many years of IRS 990 filings does The Well Project Inc A Not For Profit Corporation have?
The Well Project Inc A Not For Profit Corporation has 14 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for The Well Project Inc A Not For Profit Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Well Project Inc A Not For Profit Corporation's revenue has grown by 215.3%, moving from $567K to $1.8M. Total assets increased by 141.1% over the same period, from $314K to $756K. Total functional expenses rose by 386.3%, from $391K to $1.9M. In its most recent filing year (2023), The Well Project Inc A Not For Profit Corporation reported a deficit of $114K, with expenses exceeding revenue. The organization holds $21K in liabilities against $756K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $736K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $756K | $21K | — | — |
| 2022 | $1.9M | $1.8M | $874K | $24K | — | View 990 |
| 2021 | $1.7M | $1.4M | $828K | $33K | — | View 990 |
| 2020 | $1.1M | $1.1M | $502K | $28K | — | View 990 |
| 2019 | $1.4M | $1.3M | $538K | $28K | — | View 990 |
| 2018 | $1.3M | $1.1M | $417K | $19K | — | View 990 |
| 2017 | $1.2M | $1.0M | $287K | $32K | — | View 990 |
| 2016 | $1.1M | $1.2M | $55K | $15K | — | View 990 |
| 2015 | $1.2M | $1.4M | $191K | $16K | — | View 990 |
| 2014 | $823K | $857K | $383K | $203K | — | View 990 |
| 2013 | $934K | $970K | $225K | $12K | — | View 990 |
| 2012 | $667K | $625K | $259K | $10K | — | View 990 |
| 2011 | $568K | $665K | $266K | $58K | — | View 990 |
| 2010 | $567K | $391K | $314K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $756K (revenue -4.2% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.8M, and assets of $874K (revenue +7.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $828K (revenue +62.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $502K (revenue -24.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $538K (revenue +10.4% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.1M, and assets of $417K (revenue +2.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.0M, and assets of $287K (revenue +14.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $55K (revenue -11.5% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.4M, and assets of $191K (revenue +50.0% year-over-year).
- 2014: Revenue of $823K, expenses of $857K, and assets of $383K (revenue -11.8% year-over-year).
- 2013: Revenue of $934K, expenses of $970K, and assets of $225K (revenue +40.0% year-over-year).
- 2012: Revenue of $667K, expenses of $625K, and assets of $259K (revenue +17.5% year-over-year).
- 2011: Revenue of $568K, expenses of $665K, and assets of $266K (revenue +0.2% year-over-year).
- 2010: Revenue of $567K, expenses of $391K, and assets of $314K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Well Project Inc A Not For Profit Corporation:
Data Sources and Methodology
This transparency report for The Well Project Inc A Not For Profit 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.