Wellspring Foundation

Wellspring Foundation maintains stable assets and minimal liabilities with no reported officer compensation.

EIN: 133457878 · Canton, MA · Updated: 2026-03-28

$1.4MRevenue

$3.3MAssets

92/100Mission Score (Excellent)

Is Wellspring Foundation Legit?

Appears Legitimate

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Wellspring Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Wellspring Foundation

Wellspring Foundation (EIN: 133457878) is a nonprofit organization based in Canton, MA. The organization reported total revenue of $1.4M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellspring Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wellspring Foundation 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Wellspring Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Wellspring Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with assets over $3 million.

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.

Strengths

The following positive indicators were identified for Wellspring Foundation:

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.

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 legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.

How does Wellspring Foundation spend its money?

Wellspring Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Wellspring Foundation tax-deductible?

Wellspring Foundation is registered as a tax-exempt nonprofit (EIN: 133457878). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Wellspring Foundation a good charity?

Based on the provided financial data, Wellspring Foundation appears to be a well-managed charity. It maintains strong assets, very low liabilities, and consistently reports no officer compensation, suggesting a high dedication to its mission and efficient use of funds.

How has Wellspring Foundation's financial health changed over time?

Wellspring Foundation has shown consistent asset growth, from $2,002,989 in 2011 to $3,278,798 in 2023. While revenue and expenses have fluctuated year-to-year, the organization has maintained a stable financial position with minimal liabilities throughout the decade.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available filings, indicating a strong commitment to directing funds towards its programs rather than executive salaries. This is a significant positive for transparency and efficiency.

Filing History

IRS 990 filing history for Wellspring Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Wellspring Foundation's revenue has grown by 32.7%, moving from $285K to $379K. Total assets increased by 63.7% over the same period, from $2.0M to $3.3M. Total functional expenses rose by 82.1%, from $205K to $372K. In its most recent filing year (2023), Wellspring Foundation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$379K	$372K	$3.3M	$1	—	View 990
2022	$384K	$398K	$3.3M	$1	—	View 990
2021	$651K	$242K	$3.3M	$1	—	View 990
2020	$264K	$391K	$2.9M	$1	—	View 990
2019	$400K	$280K	$3.0M	$1	—	View 990
2015	$285K	$306K	$2.7M	$0	—	View 990
2014	$597K	$102K	$2.7M	$0	—	View 990
2013	$298K	$209K	$2.2M	$0	—	View 990
2012	$326K	$212K	$2.1M	$1	—	View 990
2011	$285K	$205K	$2.0M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $379K, expenses of $372K, and assets of $3.3M (revenue -1.4% year-over-year).
2022: Revenue of $384K, expenses of $398K, and assets of $3.3M (revenue -41.0% year-over-year).
2021: Revenue of $651K, expenses of $242K, and assets of $3.3M (revenue +146.1% year-over-year).
2020: Revenue of $264K, expenses of $391K, and assets of $2.9M (revenue -34.0% year-over-year).
2019: Revenue of $400K, expenses of $280K, and assets of $3.0M (revenue +40.4% year-over-year).
2015: Revenue of $285K, expenses of $306K, and assets of $2.7M (revenue -52.2% year-over-year).
2014: Revenue of $597K, expenses of $102K, and assets of $2.7M (revenue +100.2% year-over-year).
2013: Revenue of $298K, expenses of $209K, and assets of $2.2M (revenue -8.6% year-over-year).
2012: Revenue of $326K, expenses of $212K, and assets of $2.1M (revenue +14.2% year-over-year).
2011: Revenue of $285K, expenses of $205K, and assets of $2.0M.

Data Sources and Methodology

This transparency report for Wellspring Foundation 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.