Wellspire Llc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 21,274,414 | 25,596,980 | −4,322,566 | 6.7 | 47% |
| 2023 | 28,097,645 | 32,630,122 | −4,532,477 | 3.8 | 44% |
In its most recent public year (2023), this organization spent $4,532,477 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 6.7 in 2022. Staff pay was 44% of spending. $251,647 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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