Wellspring Kingdom Enrichment Inc

Analysis

Wellspring Kingdom Enrichment Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Kingdom Enrichment Inc reported income of $364k and spending of $352k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $258k to $364k (+41%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellspring Kingdom Enrichment Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Aurora Living Resources Inc ($364k), Freedom House Ministries Inc ($364k) and Oaks Therapeutic Community Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $213k. At year end it held assets of $71k against liabilities of $0, net assets of $71k.