Wellspring

Analysis

Wellspring is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 reported income of $771k and spending of $562k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $574k to $771k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 83% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Wellspring sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Onward Together Foundation ($770k), International Association of Spelli NG As Communication ($773k) and Gateway Center Inc ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.0% of the total. Other salaries and wages came to $334k. At year end it held assets of $1.2m against liabilities of $21k, net assets of $1.2m. It reported 25 employees.