Wellspring

Crime & legal organization based in Detroit, MI. 29 employees. Exempt under §501(c)(3).

MissionTHE MISSION OF WELLSPRING IS TO ASSIST LOW INCOME & AT RISK URBAN YOUTHIN DEVELOPING THEMSELVES SPIRITUALLYCOCIALLY, ACADEMICALLY AND ECONOMICALLY. ACTIVITIES INCLUDE KUMON MATH AND READING, COLLRGE PREPARATION, LEADERSHIP DEVELOPMENT, COMMUNITY SERVICE AND SUMMER EMPLOYMENT.WE

EIN
38-3043083
State
MI
Sector
Crime & legal
Budget band
$500K–$1M
Latest filing
TY 2024
Records
1 officers · 6 years

Financial snapshot · TY 2024

$824K
Total revenue
$733K
Total expenses
$1.3M
Net assets

Financial health · TY 2024

80
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
91
16.4 months of expenses
Program efficiency
100
94.6% spent on programs
Revenue diversity
16
Mix of program fees, grants & contributions

Leadership compensation

$58,942
48th percentile vs. peers

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Wellspring Executive Compensation | 990 Data | DoubleNine