Wellspring Ministries of Utah

Analysis

Wellspring Ministries of Utah is a registered charity in United States, based in Fairview, UT. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries of Utah reported income of $314k and spending of $327k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $314k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wellspring Ministries of Utah sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within UT. Charities of a similar size with the same main cause include Pine Valley Camp Christmas ($314k), Re-Forma ($314k) and Potters Wheel Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Other salaries and wages came to $111k. At year end it held assets of $64k against liabilities of $17k, net assets of $48k. It reported 17 employees.