Wellspring Interfaith Social Services Inc

Analysis

Wellspring Interfaith Social Services Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in December 1989, 37 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 Interfaith Social Services Inc reported income of $1.2m and spending of $955k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $1.2m (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wellspring Interfaith Social Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Aloysius J & Eugene F Franz Foundation for the Congregation of ($1.2m), Cullman Christian School ($1.2m) and Christian Families Today ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $106k (11% of expenses). Other salaries and wages came to $480k. At year end it held assets of $1.2m against liabilities of $115k, net assets of $1.1m. It reported 52 employees.