Family Farm Wellspring Inc

Analysis

Family Farm Wellspring Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in December 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, Family Farm Wellspring Inc reported income of $613k and spending of $570k, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $698k to $613k (-12%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Farm Wellspring Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within AR. Charities of a similar size with the same main cause include Families in Transition Inc ($613k), Migrant Justice Inc ($613k) and River Valley Initiative Foundation ($613k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Other salaries and wages came to $231k. At year end it held assets of $490k against liabilities of $74k, net assets of $417k. It reported 37 employees.