Wellspring Church Texarkana

Analysis

Wellspring Church Texarkana is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in September 1985, 41 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Wellspring Church Texarkana reported income of $361k and spending of $257k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $373k to $361k (-3.1%), an average of -3.1% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellspring Church Texarkana sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Unlimited Alternatives ($361k), Washington State Association of RSVP Directors ($361k) and Ashtabula Arts Center Foundation ($361k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (6.3% of expenses). Other salaries and wages came to $84k. At year end it held assets of $379k against liabilities of $0, net assets of $379k. It reported 4 employees.