Wellspring Foundation
Wellspring Foundation maintains stable assets and minimal liabilities with no reported officer compensation.
EIN: 133457878 · Canton, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $372K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.3M |
| Transparency Score | 92/100 |
Search Intent Cockpit
Wellspring Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Wellspring Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Wellspring Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $379K and expenses of $372K.
Revenue and Expenses
Wellspring Foundation reported $379K in revenue and $372K in expenses, a surplus of $6K.
Executive Compensation
Top officer compensation appears as $3 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Wellspring Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $335K (90%) |
Across stored filings, Wellspring Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Canton, MA nonprofitsFollow the Money
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Keep the Investigation Moving
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.
Organization Overview
Wellspring Foundation is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $379K |
| Total Expenses | $372K |
| Surplus / Deficit | +$6K |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 105.6 months |
Financial Health Grade: A
In 2023, Wellspring Foundation reported a surplus of $6K with revenue exceeding expenses, holds 105.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wellspring Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | -6.4% | +0.2% |
| 2022 | -41.0% | +64.6% | -0.4% |
| 2021 | +146.1% | -38.2% | +14.2% |
| 2020 | -34.0% | +39.7% | -4.2% |
| 2019 | +40.4% | -8.3% | +12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
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?
Wellspring Foundation (EIN: 133457878) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Wellspring Foundation spend its money?
Wellspring Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
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.
How much does the Wellspring Foundation CEO make?
Wellspring Foundation's highest-compensated officer earns $3 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wellspring Foundation's spending goes to programs?
Wellspring Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Wellspring Foundation located?
Wellspring Foundation is headquartered in Canton, Massachusetts and files with the IRS under EIN 133457878.
How many years of IRS 990 filings does Wellspring Foundation have?
Wellspring Foundation has 10 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 $1.4M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellspring Foundation:
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.