Wells Of Life Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 251,494 | 215,209 | 36,285 | 2.0 | 0% |
| 2014 | 196,062 | 208,634 | −12,572 | 1.4 | 0% |
| 2015 | 475,194 | 384,280 | 90,914 | 6.8 | 6% |
| 2016 | 758,540 | 727,332 | 31,208 | 4.1 | 23% |
| 2017 | 952,604 | 693,213 | 259,391 | 8.8 | 21% |
| 2018 | 1,133,756 | 1,086,554 | 47,202 | 6.1 | 14% |
| 2019 | 1,466,349 | 1,491,006 | −24,657 | 4.3 | 15% |
| 2020 | 1,658,353 | 1,243,533 | 414,820 | 15.7 | 20% |
| 2021 | 3,322,274 | 2,019,490 | 1,302,784 | 16.9 | 23% |
| 2022 | 3,593,915 | 2,908,739 | 685,176 | 14.6 | 23% |
| 2023 | 2,462,722 | 3,092,960 | −630,238 | 11.2 | 13% |
In its most recent public year (2023), this organization spent $630,238 more than it brought in. Its reserves stood at about 11.2 months of spending, up from 2 in 2013. Staff pay was 13% of spending. $2,403,908 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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