Wellspring Karitas Foundation

Analysis

Wellspring Karitas Foundation is a registered charity in United States, based in Berwyn, PA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellspring Karitas Foundation reported income of $264k and spending of $326k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $264k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Wellspring Karitas Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include 4222-Humanity Through Baseball Foundation Inc ($263k), American Institute of Iranian Studies ($264k) and Pangea Educational Development Group ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $67k (21% of expenses). At year end it held assets of $342k against liabilities of $4,347, net assets of $338k. It reported 1 employees.