Wellspring Foundation of Southwest Virginia

Analysis

Wellspring Foundation of Southwest Virginia is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Wellspring Foundation of Southwest Virginia reported income of $112.9m and spending of $464k, leaving 100% of income unspent that year. Over the whole period it spent 0.4% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellspring Foundation of Southwest Virginia sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include One Brooklyn Health System Inc ($112.7m), Hoag Hospital Foundation ($112.9m) and University of Maryland Faculty Physicians Inc ($112.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (29% of expenses). Other salaries and wages came to $28k. At year end it held assets of $112.4m against liabilities of $0, net assets of $112.4m. It reported 3 employees.