The Wellspring Alliance for Families Inc

Analysis

The Wellspring Alliance for Families Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in November 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Wellspring Alliance for Families Inc reported income of $8.3m and spending of $8.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $8.3m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Wellspring Alliance for Families 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 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Family & Childrens Services of Central Maryland Inc ($8.3m), Western Illinois Agency on Aging Inc ($8.3m) and Decatur-Macon County Opportunities Corporation ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $113k (1.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $7.9m against liabilities of $789k, net assets of $7.1m. It reported 114 employees.