Quick charity verification for Wellspring Charitable Foundation (EIN: 208103381)
Verdict: Wellspring Charitable Foundation shows mixed signals
65/100Mission Score
$0Revenue
$0Assets
3Red Flags
4Strengths
Red Flags
Latest filing reports $0 revenue and $0 assets, indicating potential cessation of operations or significant reporting issue.
Lack of detailed program spending information in the provided summary makes it difficult to assess direct impact.
NTEE code is unknown, which limits understanding of its specific charitable focus.
Strengths
Historically strong asset base, ranging from $3.7M to $5.2M, indicating financial stability in prior periods.
No reported liabilities in any filing period, demonstrating excellent financial health.
0% officer compensation reported across all filings, indicating strong financial stewardship regarding executive pay.
Consistently low expense ratios relative to revenue in historical filings, suggesting efficient management of resources or focus on asset growth.
Spending Breakdown
How Wellspring Charitable Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Wellspring Charitable Foundation
Is Wellspring Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellspring Charitable Foundation (EIN: 208103381) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.
Is Wellspring Charitable Foundation a good charity to donate to?
Wellspring Charitable Foundation has a Mission Score of 65/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wellspring Charitable Foundation?
The Employer Identification Number (EIN) for Wellspring Charitable Foundation is 208103381. 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 Wellspring Charitable Foundation spend its money?
Wellspring Charitable Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wellspring Charitable Foundation's tax-exempt status?
You can verify Wellspring Charitable Foundation's tax-exempt status using EIN 208103381 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
Wellspring Charitable Foundation appears to be a grant-making organization, as indicated by its significant assets and relatively low expenses compared to revenue in prior years. The organization consistently reported zero revenue and assets in its latest filing, which is a critical red flag suggesting either a cessation of operations, a significant change in reporting, or an error. In previous periods (2011-2014), the foundation demonstrated strong financial health with substantial assets ranging from $3.7 million to $5.2 million and no reported liabilities, indicating a very stable financial position. Its expenses were consistently a small fraction of its revenue, suggesting a focus on asset growth or endowment management rather than direct program delivery, which is typical for a grant-making foundation. The consistent reporting of 0% officer compensation across all available filings indicates good stewardship regarding executive pay, especially for an organization of its size in prior years.
The organization's spending efficiency, based on historical data, shows a very low expense ratio relative to revenue, which could imply either highly efficient operations or a primary focus on accumulating assets for future grant-making. Without detailed program spending information, it's challenging to fully assess efficiency beyond the overall low expense figures. Transparency is generally good, with consistent filings available, and the absence of officer compensation is a positive sign. However, the sudden drop to $0 revenue and assets in the latest filing significantly impacts its current transparency and raises serious questions about its operational status.