Wellspace Health

Analysis

Wellspace Health is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Wellspace Health reported income of $136.5m and spending of $131.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $66.5m to $136.5m (+105%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellspace Health sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include General Health System ($136.5m), American Diabetes Association Inc ($136.8m) and Care Design New York LLC ($136.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $2.4m (1.9% of expenses). Other salaries and wages came to $62.6m. At year end it held assets of $114.8m against liabilities of $57.8m, net assets of $57.0m. It reported 1,419 employees.