Quick charity verification for Wellspring Foundation (EIN: 133457878)
Verdict: Wellspring Foundation appears trustworthy
92/100Mission Score
$1.4MRevenue
$3.3MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $3,278,798 in 2023.
Extremely low liabilities across all reporting periods (mostly $1 or $0).
0% officer compensation reported in all filings, indicating strong financial prudence.
Generally stable financial operations with expenses managed well against revenue.
Spending Breakdown
How Wellspring Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Foundation
Is Wellspring Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellspring Foundation (EIN: 133457878) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
Is Wellspring Foundation a good charity to donate to?
Wellspring Foundation has a Mission Score of 92/100. Revenue: $1.4M. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wellspring Foundation?
The Employer Identification Number (EIN) for Wellspring Foundation is 133457878. 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 Foundation spend its money?
Wellspring Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wellspring Foundation's tax-exempt status?
You can verify Wellspring Foundation's tax-exempt status using EIN 133457878 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 Foundation demonstrates consistent financial stability with assets steadily growing over the past decade, reaching $3,278,798 in 2023. The organization's revenue has fluctuated, with a notable peak of $650,579 in 2021, but generally maintains a healthy balance with expenses. For instance, in 2023, revenue was $378,716 against expenses of $372,477, indicating responsible financial management. The organization consistently reports zero officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice suggests a volunteer-driven leadership or a structure where executive roles are not compensated, enhancing its appeal as a financially prudent nonprofit. The very low liabilities across all reported periods (mostly $1 or $0) further underscore a robust financial position and minimal debt burden.