Wells of Hope International Inc
Nonprofit profile at a glance
- EIN
- 263323051
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2018
- Location
- Conyers, GA, USA
- Phone
- 7709221466
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $78,447
- Expenses
- $80,384
- Assets
- $6,005
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Ken Corley (Founder Chief Executive Officer Board Director)
People named in this filing
- Ken Corley (Founder Chief Executive Officer Board Director)
- Amanda Corley (Founder Chief Financial Officer Office Manager Board Member)
- Tim Hunter (Executive Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a sustainable source of clean safe water and sanitation stations where most desperately needed in the world making safe water accessible, raise awareness to the desperate need for safe water and raise funds to invest in appropriate water solutions to have a way to filter available water, dig shallow and deep borehole wells or install rainwater catchment systems on existing buildings.
What it reported doing in 2024
DEEP WELL PROGRAM funded 14 deep well projects that will serve an estimated 5,700 adults and children with a sustainable source of clean water in their village communities of Africa and India. Expenses are cost of hiring drilling company to dig the wells, equipment, gas for operation of equipment and transportation, labor and purchase of pipes, cement and hand pump for each well project.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.9%; rating input score 96
- Program expense ratio: 93.6%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.5%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -15% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -1.1% per year; rating input score 0; 47th percentile among comparable filings
- Asset growth: 8.3% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 95.9% of revenue deployed · 93.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $75K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.