TPhilanthropy, Voluntarism & GrantmakingEIN: 562217797· Ruling Year: 2001

Well-spring Foundation

Greensboro, North Carolina

B+Health Score
67B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 30 peers in Philanthropy, Voluntarism & Grantmaking with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org8.39×
Peer Median15.61×
💰
$945K
Total Revenue
📊
$1.3M
Total Expenses
🏦
$11.1M
Net Assets
📋
$602K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-27.8%
Year-over-year change (2022 → 2023)
Net Margin
-39.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
8.39
Net assets divided by total expenses
Liabilities-to-Assets
5.1%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$945,35528%$1,322,11894%$11,697,9904%
2022$1,308,92039%$681,56528%$11,257,57815%
2021$2,151,43749%$533,31136%$13,259,93717%
2020$1,446,876131%$391,97535%$11,341,53317%
2019$625,757112%$290,19111%$9,659,22015%
2018$294,88973%$326,5685%$8,382,70710%
2017$1,089,20299%$343,68346%$9,311,7339%
2016$546,52429%$631,8763%$8,534,4961%
2015$774,23026%$648,89384%$8,617,5402%
2014$1,045,449268%$353,53857%$8,827,0373%
2013$283,77271%$225,057220%$9,124,0328%
2012$984,76424%$70,2835%$8,422,82015%
2011$796,029$74,180$7,314,195

Frequently Asked Questions

What does Well-spring Foundation do?

Well-spring Foundation is a philanthropy, voluntarism & grantmaking nonprofit organization based in North Carolina. It is classified under NTEE code T30 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Well-spring Foundation financially healthy?

Based on our 9-metric Financial Health Score model, Well-spring Foundation has a score of 67/100 (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 Well-spring Foundation generate?

Well-spring Foundation reports $1.5M in annual revenue and holds $10.9M in total assets, based on IRS filings.

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