Wellspring Life Resources Inc

Analysis

Wellspring Life Resources Inc is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in April 2000, 26 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, Wellspring Life Resources Inc reported income of $83k and spending of $92k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $83k (+6.3%), an average of +6.3% a year. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wellspring Life Resources Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include United Faith Evangelistic Ministry ($83k), Christian Womens Retreat ($83k) and Fellowship of Ailbe ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 21% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.