THE WELL OF LEXINGTON INC Charity Report

Public IRS 990 nonprofit record

THE WELL OF LEXINGTON INC

EIN 61-1367567 · Homeless Shelters (L41)

What they do

THE ORGANIZATION is A SECULAR NON-PROFIT WHICH HAS BEEN ADDRESSING THE COMPLEX RECOVERY REQUIREMENTS of WOMEN VICTIMIZED BY SEX TRAFFICKING SINCE 2016. THE ORGANIZATION OFFERS PROGRAMS to (1) EDUCATE CHILDREN, YOUTH and FAMILIES UTILIZING EVIDENCE-BASED PROGRAMS; (2) EMPOWER AT-RISK YOUTH to MAKE HEALTHY CHOICES THROUGH TRAFFICKING PREVENTION CURRICULUM; (3) ENGAGE COMMUNITIES THROUGH TRAFFICKING AWARENESS and OUTREACH; and (4) EQUIP CHILDCARE CENTERS and PRESCHOOLS WITH TRAINING ON SOCIAL-EMOTIONAL LEARNING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

113.90%of revenue went to mission work88.2% of expenses · Program services

$129.11spent for every $100 of revenueSpending was higher than revenue this year.

15.20%of revenue went to management and office costs11.8% of expenses

$2.47in assets for every $1 spent this yearSome assets cannot be spent right away.

56.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $25,334 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $58,070 for DIANA KOONCE (ADVISORY BOARD). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$87,042

Mission workProgram services$99,144113.90% of revenue88.2% of expenses

ManagementOffice and general costs$13,23215.20% of revenue11.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$112,376129.11% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.2% mission · 11.8% management · 0.0% fundraisingTotal expenses: 129.11% of revenue

2023Expense mix: 67.9% mission · 32.1% management · 0.0% fundraisingTotal expenses: 62.26% of revenue

2022Expense mix: 51.4% mission · 48.6% management · 0.0% fundraisingTotal expenses: 91.59% of revenue

2021Expense mix: 53.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 85.05% of revenue

2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 82.74% of revenue

Money in and money out

Revenue$87,042

Expenses$112,376

Annual shortfall $25,334 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$99,144 · 88.2% of expenses

Management and office costs$13,232 · 11.8% of expenses

See all reported dollar amounts

Revenue$87,042

Expenses$112,376

Assets$277,297

Income$97,513

Contributions$48,879

Mission work (program services)$99,144

Management and general$13,232

Accounting fees$4,517

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DIANA KOONCEADVISORY BOARD · 2 hrs/week $58,070

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

DIANA KOONCEADVISORY BOARD

JUDY HADDENADVISORY BOARD

SUSAN RODGERSADVISORY BOARD

SARAH CHARLES WRIGHTADVISORY BOARD

NANCI HOUSEDIRECTOR

LIZ HODGEDIRECTOR

LINDSAY HUGHES THURSTONSECRETARY

LAWRENCE WETHERBY IIIDIRECTOR

KAYE HAHNADVISORY BOARD

JULIE GOSKYDIRECTOR

JOSH BOWENDIRECTOR

JAY OAKLEYDIRECTOR

EILEEN LEVYFORMER EXECUTIVE DIRECTOR

CYNTHIA BARNESDIRECTOR

CINDY HICKSPRESIDENT

CHANCE HUDNALLTREASURER

ANGI MARSHALLDIRECTOR

About this charity

Recognized since: January 2001
Location: 1890 STAR SHOOT PKWY STE 170, LEXINGTON, KY 40509-4567
County: Fayette
In care of: % CHARLES BEAL
Primary officer: CHANCE HUDNALL, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailexecdir@thewelllexington.com Phone(859) 229-4190

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: HICKS & ASSOCIATES CPAS PLLC
NTEE classification: Homeless Shelters (L41)
IRS tax category: Homeless Shelters