Wellspring of Life Farm Inc

Analysis

Wellspring of Life Farm Inc is a registered charity in United States, based in Monkton, MD. It received its IRS tax-exemption ruling in May 2017, 9 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 of Life Farm Inc reported income of $110k and spending of $93k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $110k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellspring of Life Farm Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Helping Hand Store-Front Ministries ($110k), Starkey Sheltered Living Inc ($110k) and Cedar Hill Housing Corporation ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $334k against liabilities of $0, net assets of $334k.