Wellspring

Analysis

Wellspring is a registered charity in United States, based in St James, MN. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellspring reported income of $91k and spending of $90k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $91k (+3.2%), an average of +3.2% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellspring sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Education First Foundation Inc ($91k), Fatima Jinnah Medical College Alumni Inc ($91k) and Total Courage Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.