Wellspring Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,838,948 | 1,163,868 | 675,080 | 19.2 | 62% |
| 2021 | 1,998,896 | 1,383,486 | 615,410 | 21.5 | 62% |
| 2022 | 2,143,691 | 1,647,007 | 496,684 | 21.8 | 58% |
| 2023 | 2,666,784 | 2,065,777 | 601,007 | 24.0 | 57% |
In its most recent public year (2023), this organization brought in $601,007 more than it spent. Its reserves stood at about 24 months of spending, up from 19.2 in 2020. Staff pay was 57% of spending. $1,105,038 of its net assets are donor-restricted.
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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