Latest fiscal year (2023) showed expenses ($138,981) slightly exceeding revenue ($137,765), resulting in a minor operating deficit.
Strengths
Consistent reporting of 0% officer compensation across all 13 filings, indicating strong commitment to mission-focused spending.
Steady and significant growth in net assets, from $35,573 in 2014 to $249,279 in 2023, demonstrating financial stability and prudent management.
Consistent compliance with IRS reporting requirements, with 13 filings available.
Low liabilities relative to assets, with liabilities at $28,763 against assets of $249,279 in 2023.
Spending Breakdown
How Wellspoken Ministries allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Wellspoken Ministries
Is Wellspoken Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellspoken Ministries (EIN: 201512939) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Wellspoken Ministries a good charity to donate to?
Wellspoken Ministries has a Mission Score of 85/100. Revenue: $114K. Assets: $209K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wellspoken Ministries?
The Employer Identification Number (EIN) for Wellspoken Ministries is 201512939. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Wellspoken Ministries spend its money?
Wellspoken Ministries allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wellspoken Ministries's tax-exempt status?
You can verify Wellspoken Ministries's tax-exempt status using EIN 201512939 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Wellspoken Ministries demonstrates consistent, albeit modest, financial activity over the past decade. Revenue has fluctuated, with a high of $164,420 in 2022 and a low of $67,921 in 2014. The organization generally operates with a positive net asset position, growing from $35,573 in 2014 to $249,279 in 2023, indicating financial stability and growth in reserves. However, the latest filing (2023) shows expenses ($138,981) slightly exceeding revenue ($137,765), resulting in a minor deficit for that period.
The organization's spending efficiency appears reasonable given its size. A key strength is the consistent reporting of 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its mission rather than executive salaries. While specific program spending percentages are not detailed in the provided summary, the absence of officer compensation is a positive indicator for donor confidence. The organization's assets have steadily increased, suggesting prudent financial management and an ability to build reserves.
Transparency is generally good, with 13 filings available, indicating consistent compliance with IRS reporting requirements. The consistent growth in assets and the absence of executive compensation are positive signs for transparency and accountability. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is challenging. The organization's NTEE code X99 (Religious, Spiritual, and Inner-Life Organizations, Not Elsewhere Classified) is broad, and more specific program details would enhance transparency.