Wellspoken Ministries
Wellspoken Ministries shows consistent asset growth and no executive compensation, but experienced a slight deficit in its latest fiscal year.
EIN: 201512939 · Greer, SC · NTEE: X99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $139K |
| Program Spending | 85% |
| Net Assets | $221K |
| Transparency Score | 85/100 |
Is Wellspoken Ministries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wellspoken Ministries directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wellspoken Ministries
Wellspoken Ministries (EIN: 201512939) is a nonprofit organization based in Greer, SC, classified under NTEE code X99. The organization reported total revenue of $114K and total assets of $209K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellspoken Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellspoken Ministries is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $138K |
| Total Expenses | $139K |
| Surplus / Deficit | $-1,216 |
| Total Assets | $249K |
| Total Liabilities | $29K |
| Net Assets | $221K |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 11.5% |
| Months of Reserves | 21.5 months |
Financial Health Grade: B
In 2023, Wellspoken Ministries reported a deficit of $1K with expenses exceeding revenue, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wellspoken Ministries's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.2% | +35.9% | +4.5% |
| 2022 | +46.0% | +10.9% | +33.9% |
| 2021 | -23.4% | +14.0% | +10.5% |
| 2020 | +16.1% | -13.9% | +69.6% |
| 2019 | +8.9% | -0.2% | +62.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
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 Wellspoken Ministries 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: 85%
- fundraising: 5%
According to IRS 990 filings, Wellspoken Ministries allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.5%.
Executive Compensation Analysis
Wellspoken Ministries consistently reports 0% officer compensation across all 13 available filings, which is highly commendable for an organization of its size and indicates that all funds are directed towards operational and programmatic activities rather than executive salaries.
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 Wellspoken Ministries's IRS 990 filings:
- Latest fiscal year (2023) showed expenses ($138,981) slightly exceeding revenue ($137,765), resulting in a minor operating deficit.
Strengths
The following positive indicators were identified for Wellspoken Ministries:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating strong commitment to mission-focused spending.
- Steady and significant growth in net assets, from $35,573 in 2014 to $249,279 in 2023, demonstrating financial stability and prudent management.
- Consistent compliance with IRS reporting requirements, with 13 filings available.
- Low liabilities relative to assets, with liabilities at $28,763 against assets of $249,279 in 2023.
Frequently Asked Questions about Wellspoken Ministries
Is Wellspoken Ministries a legitimate charity?
Wellspoken Ministries (EIN: 201512939) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $114K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Wellspoken Ministries spend its money?
Wellspoken Ministries directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wellspoken Ministries tax-deductible?
Wellspoken Ministries is registered as a tax-exempt nonprofit (EIN: 201512939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wellspoken Ministries's spending goes to programs?
Wellspoken Ministries directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wellspoken Ministries compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wellspoken Ministries is above average for NTEE category X99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wellspoken Ministries located?
Wellspoken Ministries is headquartered in Greer, South Carolina and files with the IRS under EIN 201512939. It is classified under NTEE code X99.
How many years of IRS 990 filings does Wellspoken Ministries have?
Wellspoken Ministries 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 $114K in total revenue.
Is Wellspoken Ministries financially stable?
Yes, Wellspoken Ministries appears financially stable. Its assets have consistently grown from $35,573 in 2014 to $249,279 in 2023, indicating a healthy reserve. While the latest period (2023) showed a slight deficit of $1,216 (Expenses $138,981 vs. Revenue $137,765), this is a minor fluctuation within a trend of overall asset growth.
How does Wellspoken Ministries manage executive compensation?
Wellspoken Ministries reports 0% officer compensation in all available IRS 990 filings. This means no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is a strong positive for donor trust and resource allocation.
Has Wellspoken Ministries' revenue been consistent?
Revenue for Wellspoken Ministries has fluctuated over the years, ranging from a low of $67,921 in 2014 to a high of $164,420 in 2022. While not perfectly consistent year-over-year, it has generally trended upwards, with the latest reported revenue at $137,765 in 2023.
What is the trend in Wellspoken Ministries' assets?
Wellspoken Ministries has shown a strong and consistent upward trend in its assets, growing from $35,573 in 2014 to $249,279 in 2023. This indicates effective financial management and an increasing capacity to support its mission.
Filing History
IRS 990 filing history for Wellspoken Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wellspoken Ministries's revenue has grown by 206.3%, moving from $45K to $138K. Total assets increased by 1043.1% over the same period, from $22K to $249K. Total functional expenses rose by 210.6%, from $45K to $139K. In its most recent filing year (2023), Wellspoken Ministries reported a deficit of $1K, with expenses exceeding revenue. The organization holds $29K in liabilities against $249K in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $221K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $138K | $139K | $249K | $29K | — | — |
| 2022 | $164K | $102K | $239K | $17K | — | View 990 |
| 2021 | $113K | $92K | $178K | $19K | — | View 990 |
| 2020 | $147K | $81K | $161K | $22K | — | View 990 |
| 2019 | $127K | $94K | $95K | $22K | — | View 990 |
| 2018 | $116K | $94K | $58K | $18K | — | View 990 |
| 2017 | $79K | $91K | $47K | $21K | — | View 990 |
| 2016 | $104K | $92K | $62K | $25K | — | View 990 |
| 2015 | $73K | $84K | $47K | $22K | — | View 990 |
| 2014 | $68K | $53K | $36K | $0 | — | View 990 |
| 2013 | $56K | $45K | $20K | $0 | — | View 990 |
| 2012 | $39K | $52K | $10K | $0 | — | View 990 |
| 2011 | $45K | $45K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $138K, expenses of $139K, and assets of $249K (revenue -16.2% year-over-year).
- 2022: Revenue of $164K, expenses of $102K, and assets of $239K (revenue +46.0% year-over-year).
- 2021: Revenue of $113K, expenses of $92K, and assets of $178K (revenue -23.4% year-over-year).
- 2020: Revenue of $147K, expenses of $81K, and assets of $161K (revenue +16.1% year-over-year).
- 2019: Revenue of $127K, expenses of $94K, and assets of $95K (revenue +8.9% year-over-year).
- 2018: Revenue of $116K, expenses of $94K, and assets of $58K (revenue +46.5% year-over-year).
- 2017: Revenue of $79K, expenses of $91K, and assets of $47K (revenue -24.1% year-over-year).
- 2016: Revenue of $104K, expenses of $92K, and assets of $62K (revenue +42.5% year-over-year).
- 2015: Revenue of $73K, expenses of $84K, and assets of $47K (revenue +7.9% year-over-year).
- 2014: Revenue of $68K, expenses of $53K, and assets of $36K (revenue +21.4% year-over-year).
- 2013: Revenue of $56K, expenses of $45K, and assets of $20K (revenue +41.8% year-over-year).
- 2012: Revenue of $39K, expenses of $52K, and assets of $10K (revenue -12.3% year-over-year).
- 2011: Revenue of $45K, expenses of $45K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellspoken Ministries:
Data Sources and Methodology
This transparency report for Wellspoken Ministries 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.