Wellsprings Friends School

Analysis

Wellsprings Friends School is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wellsprings Friends School reported income of $690k and spending of $697k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $672k to $690k (+2.6%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellsprings Friends School sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OR. Charities of a similar size with the same main cause include Giving Tree Farm Inc ($690k), North Carolina Sports Hall of Fame Inc ($690k) and Western Illinois Dreamers ($690k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $121k (17% of expenses). Other salaries and wages came to $294k. At year end it held assets of $527k against liabilities of $201k, net assets of $326k. It reported 15 employees.