Wellspring Community Harvest Inc

Analysis

Wellspring Community Harvest Inc is a registered charity in United States, based in Indian Orch, MA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Community Harvest Inc reported income of $273k and spending of $189k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $172k to $273k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellspring Community Harvest Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Missouri Inclusive Housing Development Corporation ($272k), Vogel Alcove Foundation ($273k) and The Path Childrens Advocacy Center Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $70k. At year end it held assets of $163k against liabilities of $0, net assets of $163k.