Wellspring Second Chance Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 128,976 | 96,998 | 31,978 | 8.3 | — |
| 2021 | 173,664 | 151,063 | 22,601 | 5.6 | — |
| 2022 | 429,384 | 438,997 | −9,613 | 2.0 | 33% |
| 2023 | 695,096 | 698,607 | −3,511 | 1.2 | 42% |
In its most recent public year (2023), this organization spent $3,511 more than it brought in. Its reserves stood at about 1.2 months of spending, down from 8.3 in 2020. Staff pay was 42% 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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