Wellspan Properties Inc
Wellspan Properties Inc: Steady Growth, Strong Asset Base
EIN: 222842252 · York, PA · NTEE: L99Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $18.8M |
| Total Expenses | $24.8M |
| Program Spending | 80% |
| Net Assets | $31.9M |
| Transparency Score | 85/100 |
Is Wellspan Properties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wellspan Properties Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wellspan Properties Inc
Wellspan Properties Inc (EIN: 222842252) is a nonprofit organization based in York, PA, classified under NTEE code L99Z. The organization reported total revenue of $18.8M and total assets of $247.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellspan Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellspan Properties Inc is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27.0M |
| Total Expenses | $24.8M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $200.2M |
| Total Liabilities | $168.3M |
| Net Assets | $31.9M |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 84.1% |
| Months of Reserves | 96.9 months |
Financial Health Grade: A
In 2023, Wellspan Properties Inc reported a surplus of $2.2M with revenue exceeding expenses, holds 96.9 months of operating reserves (strong position), has a debt-to-asset ratio of 84.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wellspan Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.6% | +55.3% | +10.8% |
| 2022 | +6.8% | -12.3% | +1.3% |
| 2021 | +8.8% | +18.6% | +5.2% |
| 2020 | +17.1% | +10.9% | +7.8% |
| 2019 | +2.2% | -7.2% | +25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Wellspan Properties Inc with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Wellspan Properties Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 84.1%.
Executive Compensation Analysis
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial filings.
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 Wellspan Properties Inc's IRS 990 filings:
- Lack of specific executive compensation data in available filings.
Strengths
The following positive indicators were identified for Wellspan Properties Inc:
- Consistent revenue growth from $13,162,564 in 2016 to $27,022,631 in 2023.
- Significant asset growth from $112,105,501 in 2016 to $200,160,664 in 2023.
- Positive net assets year over year, indicating financial stability.
- Low percentage of program expenses relative to total expenses, suggesting efficient operations.
Frequently Asked Questions about Wellspan Properties Inc
Is Wellspan Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellspan Properties Inc (EIN: 222842252) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Wellspan Properties Inc spend its money?
Wellspan Properties Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wellspan Properties Inc tax-deductible?
Wellspan Properties Inc is registered as a tax-exempt nonprofit (EIN: 222842252). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wellspan Properties Inc's spending goes to programs?
Wellspan Properties Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wellspan Properties Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wellspan Properties Inc is above average for NTEE category L99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wellspan Properties Inc located?
Wellspan Properties Inc is headquartered in York, Pennsylvania and files with the IRS under EIN 222842252. It is classified under NTEE code L99Z.
How many years of IRS 990 filings does Wellspan Properties Inc have?
Wellspan Properties Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $18.8M in total revenue.
What does Wellspan Properties Inc do?
Wellspan Properties Inc is a nonprofit organization in the Housing & Shelter sector, located in York, Pennsylvania. It is classified under NTEE code L99Z.
How much revenue does Wellspan Properties Inc have?
Wellspan Properties Inc reported total revenue of $18,755,880. Based on 13 IRS 990 filings on record.
What are Wellspan Properties Inc's total assets?
Wellspan Properties Inc holds total assets of $247,831,298 as reported in IRS 990 filings.
Where is Wellspan Properties Inc located?
Wellspan Properties Inc is based in York, Pennsylvania.
What is Wellspan Properties Inc's EIN?
Wellspan Properties Inc's Employer Identification Number (EIN) is 222842252. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wellspan Properties Inc?
Wellspan Properties Inc is classified under NTEE code L99Z (Housing & Shelter).
Is Wellspan Properties Inc a registered 501(c)(3)?
Yes, Wellspan Properties Inc is recognized as a tax-exempt organization by the IRS. EIN: 222842252.
Does Wellspan Properties Inc file IRS Form 990?
Yes, Wellspan Properties Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Wellspan Properties Inc's revenue in 2023?
In the 202306 filing period, Wellspan Properties Inc reported total revenue of $27,022,631, total expenses of $24,798,969, and net assets of $200,160,664.
Is Wellspan Properties Inc's revenue growing or declining?
Wellspan Properties Inc's revenue is growing. Revenue went from $20,537,040 (202206) to $27,022,631 (202306), a +31.6% change. Based on 13 filings on record.
What is Wellspan Properties Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wellspan Properties Inc covers tax period 202306. It shows revenue of $27,022,631, expenses of $24,798,969, total assets of $200,160,664, and liabilities of $168,276,300.
How much does Wellspan Properties Inc spend on programs vs administration?
Based on IRS 990 analysis, Wellspan Properties Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Wellspan Properties Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wellspan Properties Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Wellspan Properties Inc?
The following concerns were identified: Lack of specific executive compensation data in available filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wellspan Properties Inc's strengths?
Positive indicators for Wellspan Properties Inc include: Consistent revenue growth from $13,162,564 in 2016 to $27,022,631 in 2023.. Significant asset growth from $112,105,501 in 2016 to $200,160,664 in 2023.. Positive net assets year over year, indicating financial stability.. Low percentage of program expenses relative to total expenses, suggesting efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Wellspan Properties Inc compensate executives?
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Wellspan Properties Inc. manage to maintain such a high asset base relative to its annual revenue?
The organization consistently reports a substantial asset base, reaching $200,160,664 in 2023, which is significantly higher than its annual revenue of $27,022,631 for the same year. This suggests a strong focus on long-term investments and capital accumulation, potentially through property holdings or endowments, rather than solely relying on annual operational income.
Filing History
IRS 990 filing history for Wellspan Properties Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wellspan Properties Inc's revenue has grown by 113.4%, moving from $12.7M to $27.0M. Total assets increased by 151.3% over the same period, from $79.7M to $200.2M. Total functional expenses rose by 156.7%, from $9.7M to $24.8M. In its most recent filing year (2023), Wellspan Properties Inc reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $168.3M in liabilities against $200.2M in assets (debt-to-asset ratio: 84.1%), resulting in net assets of $31.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27.0M | $24.8M | $200.2M | $168.3M | — | View 990 |
| 2022 | $20.5M | $16.0M | $180.7M | $149.8M | — | View 990 |
| 2021 | $19.2M | $18.2M | $178.4M | $153.9M | — | View 990 |
| 2020 | $17.7M | $15.3M | $169.6M | $151.7M | — | View 990 |
| 2019 | $15.1M | $13.8M | $157.4M | $135.3M | — | View 990 |
| 2018 | $14.8M | $14.9M | $125.7M | $100.9M | — | View 990 |
| 2017 | $14.1M | $13.0M | $161.3M | $140.0M | — | View 990 |
| 2016 | $13.2M | $10.5M | $112.1M | $98.7M | — | View 990 |
| 2015 | $13.6M | $10.8M | $105.2M | $86.6M | — | View 990 |
| 2014 | $15.6M | $10.5M | $100.5M | $82.7M | — | View 990 |
| 2013 | $15.2M | $10.2M | $90.2M | $77.3M | — | View 990 |
| 2012 | $13.6M | $9.6M | $86.1M | $84.1M | — | View 990 |
| 2011 | $12.7M | $9.7M | $79.7M | $72.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27.0M, expenses of $24.8M, and assets of $200.2M (revenue +31.6% year-over-year).
- 2022: Revenue of $20.5M, expenses of $16.0M, and assets of $180.7M (revenue +6.8% year-over-year).
- 2021: Revenue of $19.2M, expenses of $18.2M, and assets of $178.4M (revenue +8.8% year-over-year).
- 2020: Revenue of $17.7M, expenses of $15.3M, and assets of $169.6M (revenue +17.1% year-over-year).
- 2019: Revenue of $15.1M, expenses of $13.8M, and assets of $157.4M (revenue +2.2% year-over-year).
- 2018: Revenue of $14.8M, expenses of $14.9M, and assets of $125.7M (revenue +4.8% year-over-year).
- 2017: Revenue of $14.1M, expenses of $13.0M, and assets of $161.3M (revenue +7.0% year-over-year).
- 2016: Revenue of $13.2M, expenses of $10.5M, and assets of $112.1M (revenue -3.4% year-over-year).
- 2015: Revenue of $13.6M, expenses of $10.8M, and assets of $105.2M (revenue -12.6% year-over-year).
- 2014: Revenue of $15.6M, expenses of $10.5M, and assets of $100.5M (revenue +2.5% year-over-year).
- 2013: Revenue of $15.2M, expenses of $10.2M, and assets of $90.2M (revenue +11.5% year-over-year).
- 2012: Revenue of $13.6M, expenses of $9.6M, and assets of $86.1M (revenue +7.7% year-over-year).
- 2011: Revenue of $12.7M, expenses of $9.7M, and assets of $79.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellspan Properties Inc:
Data Sources and Methodology
This transparency report for Wellspan Properties 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.