Welllife Network Inc
Welllife Network Inc. shows consistent revenue growth and stable assets, with 0% officer compensation reported in summary filings.
EIN: 112542430 · New Hyde Park, NY · NTEE: P820 · Updated: 2026-03-28
Is Welllife Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Welllife Network Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Welllife Network Inc
Welllife Network Inc (EIN: 112542430) is a nonprofit organization based in New Hyde Park, NY, classified under NTEE code P820. The organization reported total revenue of $139.4M and total assets of $126.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welllife Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Welllife Network Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Welllife Network Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The provided data consistently reports 0% for officer compensation across all filing periods, which is highly unusual for an organization with revenues exceeding $100 million. This suggests that executive compensation is either not captured in this specific data point or is genuinely zero, warranting further investigation into the full IRS 990 forms to understand how leadership is compensated.
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.
Red Flags
The following concerns were identified during AI analysis of Welllife Network Inc's IRS 990 filings:
- Consistent 0% officer compensation reported in summary data, which is highly unusual for an organization of this scale and warrants further investigation.
- Significant liabilities relative to assets, with liabilities often exceeding 70% of total assets (e.g., 79% in 2023), which could indicate reliance on debt or other obligations.
Strengths
The following positive indicators were identified for Welllife Network Inc:
- Consistent and substantial revenue growth, from $90.6M in 2015 to $133.9M in 2023, indicating strong operational capacity and funding.
- Stable asset base, consistently growing over the years, demonstrating financial capacity.
- Positive net income in most recent years (e.g., $3.4M in 2023, $14.4M in 2022), indicating financial sustainability.
Frequently Asked Questions about Welllife Network Inc
Is Welllife Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Welllife Network Inc (EIN: 112542430) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Welllife Network Inc spend its money?
Welllife Network Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Welllife Network Inc tax-deductible?
Welllife Network Inc is registered as a tax-exempt nonprofit (EIN: 112542430). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Welllife Network Inc. allocate its expenses between program services, administration, and fundraising?
The provided summary data does not detail the breakdown of expenses. A review of the full IRS 990 forms would be necessary to understand the specific percentages allocated to programs, administration, and fundraising.
Why is officer compensation consistently reported as 0% for an organization of this size?
The consistent reporting of 0% for officer compensation is atypical for an organization with over $100 million in revenue. This could indicate that compensation is reported under a different category, or that the summary data point does not reflect the full picture. Further examination of the full IRS 990, Part VII, would clarify this.
What is the organization's strategy for managing its significant liabilities relative to its assets?
With liabilities often representing a large portion of assets (e.g., $102.5M liabilities vs. $129.5M assets in 2023), understanding the nature of these liabilities (e.g., program-related debt, operational payables) and the organization's debt management strategy is crucial for assessing long-term financial stability.
Filing History
IRS 990 filing history for Welllife Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Welllife Network Inc's revenue has grown by 60.3%, moving from $83.5M to $133.9M. Total assets increased by 43.3% over the same period, from $90.4M to $129.6M. Total functional expenses rose by 50.2%, from $86.9M to $130.5M. In its most recent filing year (2023), Welllife Network Inc reported a surplus of $3.4M, with revenue exceeding expenses. The organization holds $102.5M in liabilities against $129.6M in assets (debt-to-asset ratio: 79.1%), resulting in net assets of $27.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $133.9M | $130.5M | $129.6M | $102.5M | — | View 990 |
| 2022 | $133.0M | $118.6M | $112.9M | $89.9M | — | View 990 |
| 2021 | $116.4M | $110.4M | $106.3M | $94.3M | — | View 990 |
| 2020 | $115.6M | $116.4M | $97.0M | $92.7M | — | View 990 |
| 2019 | $113.6M | $111.3M | $97.6M | $92.6M | — | View 990 |
| 2018 | $109.5M | $111.3M | $94.2M | $91.6M | — | View 990 |
| 2017 | $104.7M | $104.4M | $99.1M | $95.1M | — | View 990 |
| 2016 | $91.2M | $89.8M | $104.8M | $93.4M | — | View 990 |
| 2015 | $90.6M | $90.9M | $117.5M | $107.4M | — | View 990 |
| 2014 | $92.3M | $96.6M | $90.4M | $79.4M | — | View 990 |
| 2013 | $91.2M | $92.1M | $93.3M | $78.7M | — | View 990 |
| 2012 | $81.4M | $83.9M | $87.2M | $71.9M | — | View 990 |
| 2011 | $83.5M | $86.9M | $90.4M | $66.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133.9M, expenses of $130.5M, and assets of $129.6M (revenue +0.7% year-over-year).
- 2022: Revenue of $133.0M, expenses of $118.6M, and assets of $112.9M (revenue +14.2% year-over-year).
- 2021: Revenue of $116.4M, expenses of $110.4M, and assets of $106.3M (revenue +0.7% year-over-year).
- 2020: Revenue of $115.6M, expenses of $116.4M, and assets of $97.0M (revenue +1.8% year-over-year).
- 2019: Revenue of $113.6M, expenses of $111.3M, and assets of $97.6M (revenue +3.7% year-over-year).
- 2018: Revenue of $109.5M, expenses of $111.3M, and assets of $94.2M (revenue +4.6% year-over-year).
- 2017: Revenue of $104.7M, expenses of $104.4M, and assets of $99.1M (revenue +14.9% year-over-year).
- 2016: Revenue of $91.2M, expenses of $89.8M, and assets of $104.8M (revenue +0.6% year-over-year).
- 2015: Revenue of $90.6M, expenses of $90.9M, and assets of $117.5M (revenue -1.8% year-over-year).
- 2014: Revenue of $92.3M, expenses of $96.6M, and assets of $90.4M (revenue +1.3% year-over-year).
- 2013: Revenue of $91.2M, expenses of $92.1M, and assets of $93.3M (revenue +12.0% year-over-year).
- 2012: Revenue of $81.4M, expenses of $83.9M, and assets of $87.2M (revenue -2.6% year-over-year).
- 2011: Revenue of $83.5M, expenses of $86.9M, and assets of $90.4M.
Data Sources and Methodology
This transparency report for Welllife Network Inc 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.