Wellspring Ministries Of Utah
EIN: 822461282 · Fairview, UT · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $332K |
| Total Expenses | $327K |
| Net Assets | $48K |
Is Wellspring Ministries Of Utah Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wellspring Ministries Of Utah
Wellspring Ministries Of Utah (EIN: 822461282) is a nonprofit organization based in Fairview, UT, classified under NTEE code X20. The organization reported total revenue of $332K and total assets of $65K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellspring Ministries Of Utah's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellspring Ministries Of Utah is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 26.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $327K |
| Surplus / Deficit | $-12,635 |
| Total Assets | $64K |
| Total Liabilities | $17K |
| Net Assets | $48K |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 26.0% |
| Months of Reserves | 2.4 months |
Financial Health Grade: C
In 2023, Wellspring Ministries Of Utah reported a deficit of $13K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 26.0% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Wellspring Ministries Of Utah's revenue has grown at a compound annual growth rate (CAGR) of 26.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | +10.0% | -12.7% |
| 2022 | +16.0% | +7.6% | +33.8% |
| 2021 | +26.6% | +32.2% | -7.5% |
| 2020 | +14.1% | +19.8% | -2.2% |
| 2019 | +91.5% | +169.8% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wellspring Ministries Of Utah has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wellspring Ministries Of Utah with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.0%.
Frequently Asked Questions about Wellspring Ministries Of Utah
Is Wellspring Ministries Of Utah a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellspring Ministries Of Utah (EIN: 822461282) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wellspring Ministries Of Utah spend its money?
Detailed spending breakdown data is not yet available for Wellspring Ministries Of Utah. Check back for updated IRS 990 analysis.
Are donations to Wellspring Ministries Of Utah tax-deductible?
Wellspring Ministries Of Utah is registered as a tax-exempt nonprofit (EIN: 822461282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wellspring Ministries Of Utah located?
Wellspring Ministries Of Utah is headquartered in Fairview, Utah and files with the IRS under EIN 822461282. It is classified under NTEE code X20.
How many years of IRS 990 filings does Wellspring Ministries Of Utah have?
Wellspring Ministries Of Utah has 6 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 $332K in total revenue.
Filing History
IRS 990 filing history for Wellspring Ministries Of Utah showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Wellspring Ministries Of Utah's revenue has grown by 222.8%, moving from $97K to $314K. Total assets increased by 7.5% over the same period, from $60K to $64K. Total functional expenses rose by 405.6%, from $65K to $327K. In its most recent filing year (2023), Wellspring Ministries Of Utah reported a deficit of $13K, with expenses exceeding revenue. The organization holds $17K in liabilities against $64K in assets (debt-to-asset ratio: 26.0%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $327K | $64K | $17K | — | View 990 |
| 2022 | $312K | $297K | $74K | $13K | — | View 990 |
| 2021 | $269K | $276K | $55K | $10K | — | View 990 |
| 2020 | $213K | $209K | $60K | $7K | — | View 990 |
| 2019 | $186K | $174K | $61K | $12K | — | View 990 |
| 2018 | $97K | $65K | $60K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $327K, and assets of $64K (revenue +0.6% year-over-year).
- 2022: Revenue of $312K, expenses of $297K, and assets of $74K (revenue +16.0% year-over-year).
- 2021: Revenue of $269K, expenses of $276K, and assets of $55K (revenue +26.6% year-over-year).
- 2020: Revenue of $213K, expenses of $209K, and assets of $60K (revenue +14.1% year-over-year).
- 2019: Revenue of $186K, expenses of $174K, and assets of $61K (revenue +91.5% year-over-year).
- 2018: Revenue of $97K, expenses of $65K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellspring Ministries Of Utah:
Data Sources and Methodology
This transparency report for Wellspring Ministries Of Utah 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.