our financial promise
At The Well, we deeply value financial transparency and are committed to keeping you informed about how your generous donations are allocated and utilized. Our goal is to provide complete visibility, ensuring you have confidence in the stewardship of every contribution.
To uphold this commitment, we offer weekly updates on our financial charts, allowing you to see ALL donations and payments as they are processed. Your trust matters to us, and we want you to feel assured that every dollar is being used with integrity and purpose.
The bar on the left represents the total donations received for the quarter. Next, you'll find the "Real Income" total, which reflects the net amount after processing fees from Square Inc., the third-party payment processor The Well utilizes. To the right, you'll see the total expenses incurred for the quarter, providing a clear overview of our financial activity. The final bar on the right shows our total balance after all expenses.
The Well’s giving of tithes and charity is done at the end of each month, to a church and charity of choice or need, based on percentages shown below.
Here, you can see the breakdown of The Well’s spending. There are five main needs that we categorize our expenses into:
1) The rent due or offered to a space
2) Weekly facilitation, which includes the provision of food, drinks, and Bibles, and the cost of necessary software and subscriptions
3) The Well’s own tithing to local churches
4) Donation to a chosen charity
5) Savings for social events
Unused income incurred from previous months is placed in “Balance” (as seen above) which is then considered as Reserves.
The data from the previous chart is then transferred into a pie chart to display the allotment of The Well’s finances as a whole. The Well’s preferred allotment is:
Space- Up to 45%
Facilitation- Up to 20%
Tithes- 15%
Charity- 10%
Events- Up to 10%
