Quick charity verification for Wellspring For The World (EIN: 203570846)
Verdict: Wellspring For The World appears trustworthy
70/100Mission Score
$278KRevenue
$446KAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (2021-2023), with 2023 expenses exceeding revenue by $122,421.
Significant fluctuation and recent decline in total assets, from $933,727 in 2018 to $171,792 in 2023, potentially indicating asset depletion.
Strengths
Consistent reporting of 0% officer compensation across all available filings, indicating efficient use of funds for mission.
Low to zero liabilities reported consistently, suggesting sound debt management.
Long history of IRS 990 filings (13 filings), demonstrating a commitment to transparency.
Spending Breakdown
How Wellspring For The World 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 Wellspring For The World
Is Wellspring For The World a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellspring For The World (EIN: 203570846) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Wellspring For The World a good charity to donate to?
Wellspring For The World has a Mission Score of 70/100. Revenue: $278K. Assets: $446K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wellspring For The World?
The Employer Identification Number (EIN) for Wellspring For The World is 203570846. 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 For The World spend its money?
Wellspring For The World allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wellspring For The World's tax-exempt status?
You can verify Wellspring For The World's tax-exempt status using EIN 203570846 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 For The World demonstrates a mixed financial picture. While the organization has a history of consistent filings, indicating a commitment to transparency, its financial health shows some volatility. In the most recent period (202312), the organization reported expenses of $317,983 against revenues of $195,562, resulting in a deficit. This trend of expenses exceeding revenue is also observed in 2022 and 2021. However, there was a significant surplus in 2020 with revenues of $393,754 against expenses of $282,164, and an even larger surplus in 2018 with revenues of $1,401,088 against expenses of $743,412. The organization's assets have fluctuated considerably, from a high of $933,727 in 2018 to $171,792 in 2023, suggesting inconsistent financial growth or significant asset utilization. The consistent reporting of 0% officer compensation across all available filings is a positive indicator of resource allocation towards the mission rather than executive pay.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the recurring deficits in recent years (2021-2023) suggest that current spending levels may not be sustainable given the revenue streams. The organization's liabilities have consistently been very low or zero, which is a strong point, indicating good financial management in terms of debt. The lack of officer compensation is a significant positive for spending efficiency, as it means more funds are available for direct charitable activities.
Overall, Wellspring For The World appears transparent in its filing history, but its financial stability has been inconsistent. The organization needs to address the recent trend of operating deficits to ensure long-term sustainability. The absence of executive compensation is a strong positive for donor confidence regarding resource allocation.