Well-spring Services Inc is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 2014, with $8,319,572 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$8.3M
▲ 64.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3.1M
Net assets
$74.0M
Employees
—
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 Services Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Services Inc: 290 mo reserves · +63% margin earns a B+ on this criterion. See the exact thresholds →
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 Services Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Services Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $0 (FY2013) to $8.3M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
63.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$76.0M
Total liabilities
$2.0M
Net assets
$74.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,319,572▲64.8% | $3,062,428▲14.8% | $73,984,613▲14.1% | $76,033,764▲14.0% | 990 |
| 2023 | $5,048,007▲69.1% | $2,667,563▲29484% | $64,817,706▲544% | $66,704,039▲502% | 990 |
| 2022 | $2,985,653▲1636% | $9,017 | $10,060,131▲41.8% | $11,085,589▲56.2% | 990 |
| 2021 | $171,950▼93.1% | $0 | $7,096,672▲2.4% | $7,096,672▲2.4% | 990 |
| 2020 | $2,502,029▲124% | $0 | $6,928,103▲56.5% | $6,928,103▲56.5% | 990 |
| 2019 | $1,117,918▲2145% | $0 | $4,426,074▲33.8% | $4,426,074▲33.8% | 990 |
| 2018 | $49,805▼96.0% | $0 | $3,308,156▲1.5% | $3,308,156▲1.5% | 990 |
| 2017 | $1,240,438▲1.8% | $0 | $3,258,351▲61.5% | $3,258,351▲61.5% | 990 |
| 2016 | $1,218,376▲60.6% | $0▼100% | $2,017,913▲152% | $2,017,913▲147% | 990 |
| 2015 | $758,561▼20.5% | $53,378▲582% | $799,537▲747% | $817,510▲33.9% | 990 |
| 2014 | $954,166 | $7,828 | $94,354▲111% | $610,349▲24691% | 990 |
| 2013 | $0 | $0 | -$851,984 | $2,462 | 990EZ |
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.
6 grants to Well-spring Services Inc totaling $97K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation of Greater Greensboro Inc | General support | 2023 | $16,450 |
| Community Foundation of Greater Greensboro Inc | General support | 2022 | $20,800 |
| Community Foundation of Greater Greensboro Inc | General support | 2021 | $16,450 |
| Community Foundation of Greater Greensboro Inc | General support | 2020 | $22,850 |
| Community Foundation of Greater Greensboro Inc | General support | 2019 | $13,950 |
| Community Foundation of Greater Greensboro Inc | General support | 2018 | $6,050 |
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Data for Well-spring Services Inc (EIN 90-0885759) 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.