Springs of Life Foundation

Analysis

Springs of Life Foundation is a registered charity in United States, based in Jellico, TN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Springs of Life Foundation reported income of $371k and spending of $402k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $371k (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springs of Life Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include Holy Redeemer Parish Foundation ($371k), Sacred Heart Southern Missions Housing Corporation ($371k) and Frankford Public Library Ltd ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $56k (14% of expenses). Other salaries and wages came to $109k. At year end it held assets of $346k against liabilities of $0, net assets of $346k. It reported 14 employees.