Wellsprings of Freedom International NFP

Analysis

Wellsprings of Freedom International NFP is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Wellsprings of Freedom International NFP reported income of $386k and spending of $380k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $386k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wellsprings of Freedom International NFP sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Jacksonville Community Kollel Inc ($386k), Heritage School Non-Profit Corporation ($387k) and The Mission of Cor Jesu ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $166k (44% of expenses). Other salaries and wages came to $114k. At year end it held assets of $276k against liabilities of $3,710, net assets of $272k. It reported 5 employees.