Wellspring House Inc

Human services organization based in Gloucester, MA. 54 employees. Exempt under §501(c)(3).

MissionWELLSPRING INSPIRES FAMILIES AND ADULTS ON THE NORTH SHORE TO ACHIEVE EMPLOYMENT AND FINANCIAL SECURITY THROUGH STABLE HOUSING, EDUCATION, JOB TRAINING AND CAREER READINESS.

Financial snapshot · TY 2024

$4.8M
Total revenue
$4.4M
Total expenses
$3.7M
Net assets

Financial health · TY 2024

55
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
43
7.8 months of expenses
Program efficiency
47
68.7% spent on programs
Revenue diversity
93
Mix of program fees, grants & contributions

Leadership compensation

Melissa a Dimond
PRESIDENT AND EXECUTIVE DIRECTOR
$138,254
59th percentile vs. peers

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Wellspring House Inc Executive Compensation | 990 Data | DoubleNine