Wells Memorial Incorporated
EIN: 410694711 · Minneapolis, MN · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $281K |
| Total Expenses | $135K |
| Net Assets | $1.9M |
Is Wells Memorial Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wells Memorial Incorporated
Wells Memorial Incorporated (EIN: 410694711) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B90. The organization reported total revenue of $281K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wells Memorial Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wells Memorial Incorporated is a small nonprofit that has been operating for 100 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $135K |
| Surplus / Deficit | +$9K |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | 5.9% |
| Months of Reserves | 165.2 months |
Financial Health Grade: A
In 2024, Wells Memorial Incorporated reported a surplus of $9K with revenue exceeding expenses, holds 165.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Wells Memorial Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +38.3% | +6.4% | +11.2% |
| 2023 | +4.1% | -16.4% | +8.1% |
| 2022 | -9.1% | +22.6% | -16.9% |
| 2021 | +22.4% | +5.5% | +26.3% |
| 2020 | -92.9% | -9.7% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1926 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wells Memorial Incorporated 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 Wells Memorial Incorporated 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Frequently Asked Questions about Wells Memorial Incorporated
Is Wells Memorial Incorporated a legitimate charity?
Wells Memorial Incorporated (EIN: 410694711) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $281K. No red flags identified. Financial health grade: A.
How does Wells Memorial Incorporated spend its money?
Wells Memorial Incorporated reported $281K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wells Memorial Incorporated tax-deductible?
Wells Memorial Incorporated is registered as a tax-exempt nonprofit (EIN: 410694711). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wells Memorial Incorporated located?
Wells Memorial Incorporated is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 410694711. It is classified under NTEE code B90.
How many years of IRS 990 filings does Wells Memorial Incorporated have?
Wells Memorial Incorporated 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 $281K in total revenue.
Filing History
IRS 990 filing history for Wells Memorial Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Wells Memorial Incorporated's revenue has grown by 16.8%, moving from $123K to $144K. Total assets increased by 1546.9% over the same period, from $113K to $1.9M. Total functional expenses rose by 125.8%, from $60K to $135K. In its most recent filing year (2024), Wells Memorial Incorporated reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $144K | $135K | $1.9M | $0 | — | — |
| 2023 | $104K | $127K | $1.7M | $0 | — | — |
| 2022 | $100K | $152K | $1.6M | $0 | — | View 990 |
| 2021 | $110K | $124K | $1.9M | $60 | — | — |
| 2020 | $90K | $118K | $1.5M | $0 | — | View 990 |
| 2019 | $1.3M | $130K | $1.5M | $0 | — | View 990 |
| 2018 | $103K | $106K | $289K | $0 | — | View 990 |
| 2017 | $158K | $105K | $292K | $0 | — | View 990 |
| 2016 | $116K | $108K | $239K | $0 | — | View 990 |
| 2015 | $114K | $87K | $231K | $0 | — | View 990 |
| 2014 | $104K | $75K | $204K | $0 | — | View 990 |
| 2013 | $106K | $65K | $175K | $0 | — | View 990 |
| 2012 | $116K | $92K | $135K | $0 | — | View 990 |
| 2011 | $123K | $60K | $113K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $144K, expenses of $135K, and assets of $1.9M (revenue +38.3% year-over-year).
- 2023: Revenue of $104K, expenses of $127K, and assets of $1.7M (revenue +4.1% year-over-year).
- 2022: Revenue of $100K, expenses of $152K, and assets of $1.6M (revenue -9.1% year-over-year).
- 2021: Revenue of $110K, expenses of $124K, and assets of $1.9M (revenue +22.4% year-over-year).
- 2020: Revenue of $90K, expenses of $118K, and assets of $1.5M (revenue -92.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $130K, and assets of $1.5M (revenue +1118.5% year-over-year).
- 2018: Revenue of $103K, expenses of $106K, and assets of $289K (revenue -34.7% year-over-year).
- 2017: Revenue of $158K, expenses of $105K, and assets of $292K (revenue +35.8% year-over-year).
- 2016: Revenue of $116K, expenses of $108K, and assets of $239K (revenue +2.4% year-over-year).
- 2015: Revenue of $114K, expenses of $87K, and assets of $231K (revenue +9.4% year-over-year).
- 2014: Revenue of $104K, expenses of $75K, and assets of $204K (revenue -1.8% year-over-year).
- 2013: Revenue of $106K, expenses of $65K, and assets of $175K (revenue -8.8% year-over-year).
- 2012: Revenue of $116K, expenses of $92K, and assets of $135K (revenue -5.9% year-over-year).
- 2011: Revenue of $123K, expenses of $60K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wells Memorial Incorporated:
Data Sources and Methodology
This transparency report for Wells Memorial Incorporated 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.