Well-spring Foundation
Only null% goes to programs Strong reserves Declining revenue
Well-spring Foundation is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 2001, with $1,496,459 in FY2024 revenue. CharityIndex grades it C+.
5603 New Garden Village Dr, Greensboro, NC, 27410 EIN 56-2217797 Since 2001
Revenue (FY2024)
$1.5M
▲ 58.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.7M
Net assets
$10.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Well-spring Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating75 mo reserves · -15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Well-spring Foundation: 75 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Well-spring Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Well-spring Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 5603 New Garden Village Dr, Greensboro, NC, 27410
- City
- Greensboro
- State
- North Carolina
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $284K (FY2013) to $1.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $73KNet assets $10.9M
Operating margin
-15.4%
Spent more than it raised in the latest fiscal year.
Total assets
$10.9M
Total liabilities
$73K
Net assets
$10.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,496,459▲58.3% | $1,727,371▲30.7% | $10,865,328▼2.1% | $10,938,452▼6.5% | 990 |
| 2023 | $945,355▼27.8% | $1,322,118▲94.0% | $11,096,240▲2.9% | $11,697,990▲3.9% | 990 |
| 2022 | $1,308,920▼39.2% | $681,565▲27.8% | $10,779,133▼15.5% | $11,257,578▼15.1% | 990 |
| 2021 | $2,151,437▲48.7% | $533,311▲36.1% | $12,762,457▲15.2% | $13,259,937▲16.9% | 990 |
| 2020 | $1,446,876▲131% | $391,975▲35.1% | $11,079,387▲18.6% | $11,341,533▲17.4% | 990 |
| 2019 | $625,757▲112% | $290,191▼11.1% | $9,339,001▲15.5% | $9,659,220▲15.2% | 990 |
| 2018 | $294,889▼72.9% | $326,568▼5.0% | $8,085,952▼9.7% | $8,382,707▼10.0% | 990 |
| 2017 | $1,089,202▲99.3% | $343,683▼45.6% | $8,952,402▲6.3% | $9,311,733▲9.1% | 990 |
| 2016 | $546,524▼29.4% | $631,876▼2.6% | $8,420,094▲0.9% | $8,534,496▼1.0% | 990 |
| 2015 | $774,230▼25.9% | $648,893▲83.5% | $8,346,091▼1.9% | $8,617,540▼2.4% | 990 |
| 2014 | $1,045,449▲268% | $353,538▲57.1% | $8,505,172▼5.4% | $8,827,037▼3.3% | 990 |
| 2013 | $283,772 | $225,057▲220% | $8,989,864▲8.6% | $9,124,032▲8.3% | 990 |
| 2012 | — | $70,283▼5.3% | $8,280,722▲16.2% | $8,422,820▲15.2% | 990 |
| 2011 | — | $74,180▼5.2% | $7,124,154▲3.8% | $7,314,195▲3.3% | 990 |
| 2010 | — | $78,234 | $6,862,827 | $7,078,828 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $50K total
1 grant to Well-spring Foundation totaling $50K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation of Greater Greensboro Inc | General support | 2018 | $50,000 |
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Frequently asked questions
- Is Well-spring Foundation a legitimate nonprofit?
- Yes. Well-spring Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2217797, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is Well-spring Foundation's EIN?
- Well-spring Foundation's Employer Identification Number (EIN) is 56-2217797.
- How much revenue does Well-spring Foundation report?
- Well-spring Foundation reported $1,496,459 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Well-spring Foundation have?
- CharityIndex grades Well-spring Foundation C+, based on financial health (reserves and operating margin).
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Data for Well-spring Foundation (EIN 56-2217797) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.