Spreading the Wellsprings

Analysis

Spreading the Wellsprings is a registered charity in United States, based in Wynnewood, PA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spreading the Wellsprings reported income of $91k and spending of $140k, spending 154% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $91k (-5.8%), an average of -5.8% a year. Over the whole period it spent 163% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Spreading the Wellsprings sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include We Are One Ministries Inc ($91k), Oak Is in the Acorn ($91k) and Beacon of Hope Ministry ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $39k, net assets of $5,319.