Wellspring Foundation

Analysis

Wellspring Foundation is a registered charity in United States, based in Alburtis, PA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Wellspring Foundation reported income of $157k and spending of $214k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $157k (+7.5%), an average of +7.5% a year. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wellspring Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include New Car Dealers of Utah Goodwheels Charitable Foundation ($157k), Jeffrey Ahn Jr Fellowship Inc ($158k) and Saint George Foundation ($157k).

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 $53k against liabilities of $0, net assets of $53k.