Wellspring Living Inc

Analysis

Wellspring Living Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 2001, 25 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 2022, Wellspring Living Inc reported income of $13.2m and spending of $8.5m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to December 2022, income grew from $4.8m to $13.2m (+177%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 190%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wellspring Living Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Community Outreach Foundation of the Inland Empire Inc ($13.2m), Chabad on Campus International Inc ($13.2m) and Revelation Church of Jesus Christ ($13.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $312k (3.7% of expenses). Other salaries and wages came to $4.7m. It paid $261k in professional fundraising fees. At year end it held assets of $10.3m against liabilities of $592k, net assets of $9.7m. It reported 189 employees.