Wellspring Inc
Bangor, Maine
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $6,076,512↑20% | $6,222,406↑26% | $1,884,396↑30% | |
| 2022 | $5,083,421↑15% | $4,948,326↑18% | $1,447,047↑39% | — |
| 2021 | $4,434,002↑8% | $4,195,758↑1% | $1,038,219↑3% | — |
| 2020 | $4,097,471↑6% | $4,154,414↑6% | $1,005,261↑23% | — |
| 2019 | $3,881,779↑18% | $3,911,536↑21% | $818,553↑11% | — |
| 2018 | $3,290,436↑62% | $3,239,147↑61% | $737,396 | — |
| 2017 | $2,031,592↑19% | $2,009,219↑24% | $741,020↑100% | — |
| 2016 | $1,709,574↑8% | $1,626,742↑3% | $370,892↑10% | — |
| 2015 | $1,580,169↓13% | $1,575,884↓10% | $336,505↑4% | — |
| 2014 | $1,825,203↑6% | $1,750,383↑1% | $324,474↑9% | — |
| 2013 | $1,720,493↓3% | $1,726,759↓2% | $298,364↓11% | — |
| 2012 | $1,780,492 | $1,758,446 | $335,173 | — |
Frequently Asked Questions
What does Wellspring Inc do?▼
Wellspring Inc is a mental health & crisis intervention nonprofit organization based in Maine. It is classified under NTEE code F22Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Wellspring Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Wellspring Inc has a score of 56/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Wellspring Inc generate?▼
Wellspring Inc reports $5.9M in annual revenue and holds $2.2M in total assets, based on IRS filings.
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