Wellspring Karitas Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 224,749 | 295,273 | −70,524 | 12.8 | 20% |
| 2021 | 282,743 | 252,894 | 29,849 | 16.4 | 24% |
| 2022 | 354,843 | 299,314 | 55,529 | 16.1 | 20% |
| 2023 | 263,521 | 326,403 | −62,882 | 12.4 | 21% |
In its most recent public year (2023), this organization spent $62,882 more than it brought in. Its reserves stood at about 12.4 months of spending. Staff pay was 21% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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