Well-spring Ret Community
Only null% goes to programs Strong reserves
Well-spring Ret Community is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 1987, with $42,978,331 in FY2024 revenue. CharityIndex grades it B.
4100 Wellspring Drive, Greensboro, NC, 27410 EIN 56-1497371 Since 1987
Revenue (FY2024)
$43.0M
▲ 7.6% vs prior year
Human Services median: $293K
Expenses (FY2024)
$41.4M
Net assets
$45.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Ret Community— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +4% 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 Ret Community: 13 mo reserves · +4% margin earns a A 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 Ret Community— 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 Ret Community: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4100 Wellspring Drive, Greensboro, NC, 27410
- City
- Greensboro
- State
- North Carolina
- Category
- Human Services
- Subcategory
- Residential Care
- Website
- …
Financial trends
Revenue grew from $23.0M (FY2013) to $43.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $93.5MNet assets $45.6M
Operating margin
3.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$139.1M
Total liabilities
$93.5M
Net assets
$45.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $42,978,331▲7.6% | $41,407,976▲0.7% | $45,649,268▲8.3% | $139,126,189▲0.3% | 990 |
| 2023 | $39,926,094▲8.8% | $41,111,393▲11.3% | $42,137,563▲8.6% | $138,730,668▲1.0% | 990 |
| 2022 | $36,704,666▼2.9% | $36,925,554▲10.1% | $38,816,715▼9.4% | $137,378,238▼4.0% | 990 |
| 2021 | $37,797,719▲13.8% | $33,551,739▲7.6% | $42,832,962▲17.7% | $143,095,668▲17.4% | 990 |
| 2020 | $33,222,208▲0.5% | $31,177,091▲1.9% | $36,406,700▲8.2% | $121,871,576▲3.2% | 990 |
| 2019 | $33,044,542▲14.7% | $30,588,821▲17.1% | $33,642,463▲15.9% | $118,130,936▲3.7% | 990 |
| 2018 | $28,804,245▼12.8% | $26,125,414▲4.5% | $29,036,247▲1.2% | $113,889,826▲12.3% | 990 |
| 2017 | $33,051,025▲30.2% | $24,996,764▲6.6% | $28,701,163▲38.5% | $101,399,893▲35.8% | 990 |
| 2016 | $25,392,391▼4.6% | $23,438,184▼1.0% | $20,726,616▲22.6% | $74,666,806▲7.4% | 990 |
| 2015 | $26,605,553▲5.2% | $23,678,548▲4.5% | $16,912,696▲16.9% | $69,506,072▲3.5% | 990 |
| 2014 | $25,285,458▲9.7% | $22,665,214▲6.9% | $14,463,684▲25.6% | $67,136,369▲2.8% | 990 |
| 2013 | $23,049,788 | $21,198,462▲2.1% | $11,513,073▲33.1% | $65,325,998▲2.9% | 990 |
| 2012 | — | $20,768,119▲2.7% | $8,649,653▲47.3% | $63,472,753▲2.8% | 990 |
| 2011 | — | $20,223,326▲2.4% | $5,872,557▲2.5% | $61,726,054▼1.1% | 990 |
| 2010 | — | $19,750,978 | $5,730,763 | $62,392,268 | 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 · $181K total
13 grants to Well-spring Ret Community totaling $181K, reported by foundations on their Schedule I filings.
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Compare Well-spring Ret Community
Frequently asked questions
- Is Well-spring Ret Community a legitimate nonprofit?
- Yes. Well-spring Ret Community is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1497371, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is Well-spring Ret Community's EIN?
- Well-spring Ret Community's Employer Identification Number (EIN) is 56-1497371.
- How much revenue does Well-spring Ret Community report?
- Well-spring Ret Community reported $42,978,331 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Well-spring Ret Community have?
- CharityIndex grades Well-spring Ret Community B, based on financial health (reserves and operating margin).
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Data for Well-spring Ret Community (EIN 56-1497371) 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.