The Well-food and Clothing Source is a 501(c)(3) organization based in Marion, Iowa, registered in 2022, with $681,115 in FY2025 revenue. CharityIndex grades it C+.
Revenue (FY2025)
$681K
▲ 4.0% vs prior year
Food & Agriculture median: $197K
Expenses (FY2025)
$663K
Net assets
$76K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Well-food and Clothing Source— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Well-food and Clothing Source: 1 mo reserves · +3% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Well-food and Clothing Source— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Well-food and Clothing Source: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $502K (FY2020) to $681K (FY2025) across 6 reported years.
Financial snapshot
Operating margin
2.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$76K
Total liabilities
$0
Net assets
$76K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $681,115▲4.0% | $662,969▲3.8% | $76,147▲31.3% | $76,147▲31.3% | 990 |
| 2024 | $654,813▲33.8% | $638,842▲28.9% | $58,001▲38.0% | $58,001▲38.0% | 990 |
| 2023 | $489,381▼11.5% | $495,440▼11.8% | $42,030▼12.6% | $42,030▼12.6% | 990 |
| 2022 | $553,125▼35.1% | $561,524▼32.3% | $48,089▼14.9% | $48,089▼14.9% | 990 |
| 2021 | $851,791▲69.7% | $829,654▲77.5% | $56,488▲64.4% | $56,488▲64.4% | 990 |
| 2020 | $501,879 | $467,528 | $34,351 | $34,351 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
1 grant to The Well-food and Clothing Source totaling $600K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hawkeye Area Community Action Program Inc | Feed those in need | 2023 | $599,597 |
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Data for The Well-food and Clothing Source (EIN 86-2231494) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.