Well Incorporated
Public records show a registered, tax-exempt organization in good standing.
What it says it does
We exist to meet needs build bridges and see our city made Whole.
- Income
- $1.5 million
- Spending
- $1.2 million
- Spent on programs
- 97%
- Reserves
- 2.3 months of spending
- Largest source of income
- donations and private grants, 58%
- Employees
- 24
- Volunteers
- 200
- Highest pay
- $46,003, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 65 out of 100. Higher than 35% of charities in its peer group (religion, $1m to $10m).
Reserves
10 of 35Spendable reserves would cover 2.3 months of spending.
Debt
10 of 20It owes 39% of what it owns.
Living within its means
15 of 15Income exceeded spending by 17% of income.
Income trend
15 of 15Income rose 61% on the year before.
Spending floor
15 of 1597% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 65% of charities in its peer group (religion, $1m to $10m).
Independent board
25 of 256 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $256,653 spent. WellBuilt Cities is an incubator that exists to plant grow and support the many entities and programs that make up The Wells ecosystem. Be it leadership coaching financial analysis graphics or simply access to software and services WellBuilt Cities is the program that helps create sustain and consult within the ecosystem we are developing.
- $201,302 spent. WellBuilt Bikes social enterprise program celebrated its sixth year operating from a retail space. We are happy to report that we were able to divert 537+ bikes from the waste stream and provided over $43,350 in charitable distribution in 24 through Earn-A-Bike and Sliding Scale Repairs. The Earn-A-Bike program provided 99 bicycles to those who would otherwise not have reliable transportation in Tampa.
- $546,359 spent. Our Works of Mercy and Kinship Mobile Outreach program provided food toiletries clothes and the like to meet the needs of the community in various key locations throughout the Tampa Area. The organization distributed over 255,529 lbs of groceries to more than 13,163 neighbors at 24 distributions each month throughout the city. We partnered with other local organizations churches and residents for the volunteer teams that provide these services.
- $168,744 spent. The amounts reported under Other Program Services Expenses represent expenses directly related to programs that the organization fiscally sponsors. These include direct program expenditures for the sponsored organizations that are not captured in the programs listed above. All expenses are incurred on behalf of the fiscally sponsored programs to support their mission activities such as educational workshops community outreach and charitable events. The organization tracks these costs separately and ensures that all expenditures comply with its fiscal sponsorship agreements and the IRS regulations for 501c3 organizations.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.