The Wellspring Group Inc
The Wellspring Group Inc shows consistent revenue growth and strong solvency with no reported officer compensation.
EIN: 200245876 · Norcross, GA · NTEE: X21 · Updated: 2026-03-28
Is The Wellspring Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Wellspring Group Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Wellspring Group Inc
The Wellspring Group Inc (EIN: 200245876) is a nonprofit organization based in Norcross, GA, classified under NTEE code X21. The organization reported total revenue of $1.9M and total assets of $515K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wellspring Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Wellspring Group Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$86K |
| Total Assets | $790K |
| Total Liabilities | $18K |
| Net Assets | $772K |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2024, The Wellspring Group Inc reported a surplus of $86K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Wellspring Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +50.3% | +11.9% | +14.0% |
| 2023 | -34.4% | +28.2% | -32.1% |
| 2022 | +75.9% | +22.2% | +95.2% |
| 2021 | +7.0% | -10.4% | +53.7% |
| 2020 | +289.3% | +211.7% | -30.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Wellspring Group Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Wellspring Group Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $86K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
The Wellspring Group Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive team or that compensation is reported under other categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Wellspring Group Inc's IRS 990 filings:
- Significant expense exceeding revenue in 202303 ($1,497,166 expenses vs. $1,172,181 revenue)
- Unusually consistent 0% officer compensation across all filings, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for The Wellspring Group Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to programs.
- Strong revenue growth from $244,015 in 201903 to $1,762,005 in 202403.
- Healthy asset-to-liability ratio, with assets of $789,792 significantly exceeding liabilities of $17,973 in 202403.
- Positive net income in most recent filing (202403: $1,762,005 revenue vs. $1,676,028 expenses).
Frequently Asked Questions about The Wellspring Group Inc
Is The Wellspring Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Wellspring Group Inc (EIN: 200245876) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does The Wellspring Group Inc spend its money?
The Wellspring Group Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Wellspring Group Inc tax-deductible?
The Wellspring Group Inc is registered as a tax-exempt nonprofit (EIN: 200245876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Wellspring Group Inc a good charity?
Based on the available IRS 990 data, The Wellspring Group Inc appears to be a good charity. It demonstrates strong financial health, with consistent revenue generation and a healthy asset-to-liability ratio. The most notable positive is the consistent reporting of 0% officer compensation, suggesting a high dedication of resources to its mission.
How has The Wellspring Group Inc's revenue trended over time?
The Wellspring Group Inc has shown significant revenue growth over the past few years. Revenue increased from $244,015 in 201903 to $1,762,005 in 202403, with some fluctuations, indicating substantial expansion and fundraising success.
What is the organization's financial stability?
The organization demonstrates strong financial stability. In 202403, assets were $789,792 against liabilities of $17,973, indicating a very healthy balance sheet. While there was a deficit in 202303, the overall trend shows the organization operating with a surplus in most recent periods.
Filing History
IRS 990 filing history for The Wellspring Group Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Wellspring Group Inc's revenue has grown by 94.1%, moving from $908K to $1.8M. Total assets increased by 94% over the same period, from $407K to $790K. Total functional expenses rose by 186.5%, from $585K to $1.7M. In its most recent filing year (2024), The Wellspring Group Inc reported a surplus of $86K, with revenue exceeding expenses. The organization holds $18K in liabilities against $790K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $772K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $1.7M | $790K | $18K | — | View 990 |
| 2023 | $1.2M | $1.5M | $693K | $7K | — | View 990 |
| 2022 | $1.8M | $1.2M | $1.0M | $10K | — | View 990 |
| 2021 | $1.0M | $956K | $523K | $132K | — | View 990 |
| 2020 | $950K | $1.1M | $340K | $10K | — | View 990 |
| 2019 | $244K | $342K | $491K | $44K | — | View 990 |
| 2018 | $1.0M | $820K | $556K | $11K | — | View 990 |
| 2017 | $750K | $751K | $340K | $24K | — | View 990 |
| 2016 | $672K | $683K | $332K | $16K | — | View 990 |
| 2015 | $750K | $770K | $340K | $14K | — | View 990 |
| 2014 | $834K | $764K | $355K | $9K | — | View 990 |
| 2013 | $739K | $712K | $291K | $15K | — | View 990 |
| 2012 | $793K | $719K | $256K | $103K | — | View 990 |
| 2011 | $908K | $585K | $407K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $1.7M, and assets of $790K (revenue +50.3% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.5M, and assets of $693K (revenue -34.4% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.2M, and assets of $1.0M (revenue +75.9% year-over-year).
- 2021: Revenue of $1.0M, expenses of $956K, and assets of $523K (revenue +7.0% year-over-year).
- 2020: Revenue of $950K, expenses of $1.1M, and assets of $340K (revenue +289.3% year-over-year).
- 2019: Revenue of $244K, expenses of $342K, and assets of $491K (revenue -76.7% year-over-year).
- 2018: Revenue of $1.0M, expenses of $820K, and assets of $556K (revenue +39.7% year-over-year).
- 2017: Revenue of $750K, expenses of $751K, and assets of $340K (revenue +11.6% year-over-year).
- 2016: Revenue of $672K, expenses of $683K, and assets of $332K (revenue -10.3% year-over-year).
- 2015: Revenue of $750K, expenses of $770K, and assets of $340K (revenue -10.1% year-over-year).
- 2014: Revenue of $834K, expenses of $764K, and assets of $355K (revenue +12.8% year-over-year).
- 2013: Revenue of $739K, expenses of $712K, and assets of $291K (revenue -6.8% year-over-year).
- 2012: Revenue of $793K, expenses of $719K, and assets of $256K (revenue -12.7% year-over-year).
- 2011: Revenue of $908K, expenses of $585K, and assets of $407K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Wellspring Group Inc:
Data Sources and Methodology
This transparency report for The Wellspring Group Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.