Wellspring

Analysis

Wellspring is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in November 1994, 32 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, Wellspring reported income of $1.1m and spending of $1.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $685k to $1.1m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wellspring sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Disciple Makers Network ($1.1m), Buckhorn Camp Inc ($1.1m) and Reaching Hearts International Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $649k (54% of expenses). At year end it held assets of $1.4m against liabilities of $5,084, net assets of $1.4m. It reported 7 employees.