funder logo

WELLSPRING PHILANTHROPIC FUND INC

WELLSPRING PHILANTHROPIC FUND INC

NEW YORK, NY, US
501(c)(3)
EIN
22-3692921
Private Foundation
funder logo

WELLSPRING PHILANTHROPIC FUND INC

NEW YORK, NY, US
501(c)(3)
EIN
22-3692921
Private Foundation

Income Statement

Fiscal Year Start:
Dec 1
Revenues in 2024

$329,254,342

Contributions
97%
Investments
3%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$372,107,738

Grants
88%
Salaries & Benefits
7%
Fees to Service Providers
2%
Offices, Occupancy & IT
2%
Other
1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$366,225,000
$320,000,000
-13%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$8,438,403
$9,228,977
+9%
Other
$295,019
$25,365
-91%
Total Revenues
$374,958,422
$329,254,342
-12%
Expenses
2023
2024
Change
Grants
$276,051,676
$325,972,949
+18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$26,209,261
$25,859,193
-1%
Fees to Service Providers
$9,054,748
$8,007,344
-12%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,243,597
$6,255,310
+93%
Interest
$0
$0
-
Depreciation
$663,990
$1,098,908
+66%
Other
$4,600,284
$4,914,034
+7%
Total Expenses
$319,823,556
$372,107,738
+16%
Net income
2023
2024
Change
Net income
+$55,134,866
-$42,853,396
-178%
Income Statement
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