The Well Project Inc A Not For Profit Corporation
Only null% goes to programs Declining revenue
The Well Project Inc A Not For Profit Corporation is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 2004, with $1,132,501 in FY2024 revenue. CharityIndex grades it D.
C/o Underwood Roberts Pllc 3110 Edw, Raleigh, NC, 27612 EIN 26-0073030 Since 2004
Revenue (FY2024)
$1.1M
▼ 36.6% vs prior year
Diseases median: $206K
Expenses (FY2024)
$1.6M
Net assets
$261K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Project Inc A Not For Profit Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating2 mo reserves · -42% margin
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 Project Inc A Not For Profit Corporation: 2 mo reserves · -42% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Project Inc A Not For Profit Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 Project Inc A Not For Profit Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- C/o Underwood Roberts Pllc 3110 Edw, Raleigh, NC, 27612
- City
- Raleigh
- State
- North Carolina
- Subcategory
- Specific Organ Diseases
- Website
- …
Financial trends
Revenue grew from $823K (FY2014) to $1.1M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $20KNet assets $261K
Operating margin
-42.1%
Spent more than it raised in the latest fiscal year.
Total assets
$280K
Total liabilities
$20K
Net assets
$261K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,132,501▼36.6% | $1,609,153▼15.3% | $260,729▼64.6% | $280,262▼62.9% | 990 |
| 2023 | $1,786,115▼4.2% | $1,900,573▲5.0% | $735,575▼13.5% | $756,101▼13.4% | 990 |
| 2022 | $1,865,052▲7.4% | $1,810,847▲28.0% | $850,033▲6.8% | $873,582▲5.5% | 990 |
| 2021 | $1,737,012▲62.5% | $1,414,879▲28.1% | $795,828▲68.0% | $828,407▲65.0% | 990 |
| 2020 | $1,068,823▼24.3% | $1,104,929▼15.0% | $473,695▼7.1% | $502,091▼6.6% | 990 |
| 2019 | $1,411,972▲10.4% | $1,299,985▲14.4% | $509,801▲28.2% | $537,782▲29.1% | 990 |
| 2018 | $1,278,681▲2.5% | $1,136,218▲10.2% | $397,814▲55.8% | $416,595▲45.1% | 990 |
| 2017 | $1,247,061▲14.1% | $1,031,213▼16.1% | $255,351▲546% | $287,205▲425% | 990 |
| 2016 | $1,093,163▼11.5% | $1,228,678▼14.3% | $39,503▼77.4% | $54,757▼71.3% | 990 |
| 2015 | $1,234,555▲50.0% | $1,434,043▲67.3% | $175,018▼2.5% | $190,805▼50.1% | 990 |
| 2014 | $823,123 | $856,945▲37.0% | $179,504▼28.0% | $382,547▲47.6% | 990 |
| 2012 | — | $625,417▼5.9% | $249,384▲20.1% | $259,218▼2.4% | 990 |
| 2011 | — | $664,791 | $207,663 | $265,717 | 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.
Grants received · $189K total
14 grants to The Well Project Inc A Not For Profit Corporation totaling $189K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2024 | $13,425 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $15,000 |
| Network For Good Inc | Unrestricted | 2023 | $11,951 |
| Network For Good Inc | Unrestricted | 2022 | $17,846 |
| Network For Good Inc | Unrestricted | 2021 | $14,227 |
| Network For Good Inc | Unrestricted | 2020 | $5,919 |
| Raymond James Charitable Endowment Fund | General use and/or special fund/project | 2020 | $5,000 |
| Raymond James Charitable Endowment Fund | General use and/or special fund/project | 2020 | $5,000 |
| Network For Good Inc | Unrestricted | 2019 | $5,027 |
| Network For Good Inc | Unrestricted | 2017 | $11,408 |
| Raymond James Charitable Endowment Fund | General use | 2017 | $9,250 |
| Raymond James Charitable Endowment Fund | General use | 2016 | $25,000 |
| Raymond James Charitable Endowment Fund | General use | 2015 | $25,000 |
| Raymond James Charitable Endowment Fund | General use | 2014 | $25,000 |
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Frequently asked questions
- Is The Well Project Inc A Not For Profit Corporation a legitimate nonprofit?
- Yes. The Well Project Inc A Not For Profit Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0073030, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is The Well Project Inc A Not For Profit Corporation's EIN?
- The Well Project Inc A Not For Profit Corporation's Employer Identification Number (EIN) is 26-0073030.
- How much revenue does The Well Project Inc A Not For Profit Corporation report?
- The Well Project Inc A Not For Profit Corporation reported $1,132,501 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Well Project Inc A Not For Profit Corporation have?
- CharityIndex grades The Well Project Inc A Not For Profit Corporation D, based on financial health (reserves and operating margin).
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Data for The Well Project Inc A Not For Profit Corporation (EIN 26-0073030) 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.