Wellspring of Greenbrier Inc

Analysis

Wellspring of Greenbrier Inc is a registered charity in United States, based in Rainelle, WV. It received its IRS tax-exemption ruling in February 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellspring of Greenbrier Inc reported income of $260k and spending of $227k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $216k to $260k (+20%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellspring of Greenbrier Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WV. Charities of a similar size with the same main cause include Rotary Club of Morgan Hill Endowment Inc ($260k), Wilton Daycare Inc ($260k) and Area Community Theater Inc ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $60k (26% of expenses). At year end it held assets of $110k against liabilities of $1,365, net assets of $109k. It reported 2 employees.