Wellspring Community

Analysis

Wellspring Community is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in January 2010, 16 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 Community reported income of $3.1m and spending of $3.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.1m (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellspring Community sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Faith Roots Reproductive Action ($3.1m), Family Voices ($3.1m) and Texas Conference for Women ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $130k (4.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.2m against liabilities of $188k, net assets of $2.0m. It reported 98 employees.