Wells Of Wholeness Inc
Wells Of Wholeness Inc faces financial challenges with liabilities exceeding assets in its latest filing.
EIN: 200209047 · Lawrenceville, GA · NTEE: F60 · Updated: 2026-03-28
Is Wells Of Wholeness Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wells Of Wholeness Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wells Of Wholeness Inc
Wells Of Wholeness Inc (EIN: 200209047) is a nonprofit organization based in Lawrenceville, GA, classified under NTEE code F60. The organization reported total revenue of $391K and total assets of $723K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wells Of Wholeness Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wells Of Wholeness Inc is a small nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 54.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $161K |
| Surplus / Deficit | $-12,691 |
| Total Assets | $732K |
| Total Liabilities | $733K |
| Net Assets | $-1,085 |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 100.1% |
| Months of Reserves | 54.5 months |
Financial Health Grade: C
In 2023, Wells Of Wholeness Inc reported a deficit of $13K with expenses exceeding revenue, holds 54.5 months of operating reserves (strong position), has a debt-to-asset ratio of 100.1% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Wells Of Wholeness Inc's revenue has grown at a compound annual growth rate (CAGR) of 54.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.3% | +56.4% | +15232.4% |
| 2021 | -34.6% | -28.7% | -32.7% |
| 2020 | +1399.2% | +1992.3% | +27.0% |
| 2019 | -93.2% | -95.4% | +124.7% |
| 2018 | +55.7% | +75.1% | -38.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wells Of Wholeness Inc with a Mission Score of 65 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, Wells Of Wholeness 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led or very lean operational model.
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 Wells Of Wholeness Inc's IRS 990 filings:
- Liabilities ($732,594) exceeding assets ($731,509) in the latest filing (202312).
- Operating at a deficit in the latest filing (202312) with expenses ($161,011) higher than revenue ($148,320).
- Significant volatility in revenue and asset levels across different filing periods, indicating potential instability.
Strengths
The following positive indicators were identified for Wells Of Wholeness Inc:
- Consistent 0% officer compensation across all reported periods, indicating a strong commitment to minimizing executive overhead.
- Long history of IRS 990 filings (13 filings), demonstrating transparency in reporting.
- Growth in overall revenue to $391,188 (latest reported) from earlier periods, suggesting increasing support.
Frequently Asked Questions about Wells Of Wholeness Inc
Is Wells Of Wholeness Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wells Of Wholeness Inc (EIN: 200209047) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Wells Of Wholeness Inc spend its money?
Wells Of Wholeness Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wells Of Wholeness Inc tax-deductible?
Wells Of Wholeness Inc is registered as a tax-exempt nonprofit (EIN: 200209047). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities to $732,594 in the 202312 filing?
The provided data does not specify the nature of these liabilities, but their sudden and substantial increase, now exceeding assets, is a critical area for further inquiry to understand the organization's financial health.
How does Wells Of Wholeness Inc operate without any reported officer compensation?
The consistent 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that compensation is structured in a way not reported as officer compensation on the 990, which warrants clarification.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data only offers total expenses. A detailed breakdown is necessary to fully assess spending efficiency and ensure the majority of funds are directed towards programmatic activities.
What is the long-term plan for addressing the current deficit and high liabilities?
With expenses exceeding revenue in the latest filing and liabilities surpassing assets, understanding the organization's strategy to return to financial stability is crucial.
Filing History
IRS 990 filing history for Wells Of Wholeness Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Wells Of Wholeness Inc's revenue has grown by 29564%, moving from $500 to $148K. Total assets increased by 731409% over the same period, from $100 to $732K. Total functional expenses rose by 40152.8%, from $400 to $161K. In its most recent filing year (2023), Wells Of Wholeness Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $733K in liabilities against $732K in assets (debt-to-asset ratio: 100.1%), resulting in net assets of $-1,085.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148K | $161K | $732K | $733K | — | View 990 |
| 2021 | $98K | $103K | $5K | $4K | — | View 990 |
| 2020 | $150K | $144K | $7K | $1K | — | View 990 |
| 2019 | $10K | $7K | $6K | $0 | — | View 990 |
| 2018 | $147K | $150K | $2K | $0 | — | View 990 |
| 2017 | $95K | $85K | $4K | $0 | — | View 990 |
| 2016 | $56K | $63K | $138 | $0 | — | View 990 |
| 2015 | $52K | $55K | $7K | $0 | — | View 990 |
| 2014 | $67K | $68K | $12K | $0 | — | View 990 |
| 2013 | $66K | $56K | $13K | $0 | — | View 990 |
| 2012 | $15K | $12K | $6K | $0 | — | View 990 |
| 2011 | $11K | $9K | $3K | $0 | — | View 990 |
| 2010 | $500 | $400 | $100 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148K, expenses of $161K, and assets of $732K (revenue +51.3% year-over-year).
- 2021: Revenue of $98K, expenses of $103K, and assets of $5K (revenue -34.6% year-over-year).
- 2020: Revenue of $150K, expenses of $144K, and assets of $7K (revenue +1399.2% year-over-year).
- 2019: Revenue of $10K, expenses of $7K, and assets of $6K (revenue -93.2% year-over-year).
- 2018: Revenue of $147K, expenses of $150K, and assets of $2K (revenue +55.7% year-over-year).
- 2017: Revenue of $95K, expenses of $85K, and assets of $4K (revenue +68.3% year-over-year).
- 2016: Revenue of $56K, expenses of $63K, and assets of $138 (revenue +8.0% year-over-year).
- 2015: Revenue of $52K, expenses of $55K, and assets of $7K (revenue -22.5% year-over-year).
- 2014: Revenue of $67K, expenses of $68K, and assets of $12K (revenue +1.6% year-over-year).
- 2013: Revenue of $66K, expenses of $56K, and assets of $13K (revenue +341.4% year-over-year).
- 2012: Revenue of $15K, expenses of $12K, and assets of $6K (revenue +36.4% year-over-year).
- 2011: Revenue of $11K, expenses of $9K, and assets of $3K (revenue +2100.0% year-over-year).
- 2010: Revenue of $500, expenses of $400, and assets of $100.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wells Of Wholeness Inc:
Data Sources and Methodology
This transparency report for Wells Of Wholeness 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.