Wellspring Foundation of Southwest Virginia
848 French Moore Jr Blvd, Abingdon, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $27,149,953 | $5,995,493 | $158,481,087 |
| FY2023 | $25,839,844 | $1,550,987 | $137,326,827 |
| FY2022 | $112,913,191 | $463,660 | $112,449,531 |
| FY2021 | $0 | $0 | $0 |
| FY2020 | $0 | $0 | $0 |
| FY2019 | $0 | $0 | $0 |
| FY2018 | $0 | $0 | $0 |
| FY2017 | $0 | $0 | $0 |
| FY2016 | $0 | $0 | $0 |
| FY2015 | $0 | $0 | $0 |
| FY2014 | $0 | $0 | $0 |
| FY2013 | $0 | $0 | $0 |
| FY2012 | $0 | $0 | $0 |
| FY2011 | $0 | $0 | $0 |
Form 990 filings
The returns filed by Wellspring Foundation of Southwest Virginia (EIN 26-2870970), including Form 990-PF PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $23,591,679 | 87% |
| Other revenue | $3,558,274 | 13% |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See private foundations in VA. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2024 | $4,885,853 |
| FY2023 | $584,316 |
What the numbers show
- Contributions & grants made up 87% of total revenue in FY2024.
- Net assets covered about 317.2 months of expenses at the end of the reporting year. That puts it in the 97th percentile among 538 Health Care organizations in VA.
- Total revenue was higher than 88.6% of 552 Health Care organizations in VA.
- Total revenue rose from $0 in FY2011 to $27,149,953 in FY2024. Revenue increased in 2 and decreased in 1 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- The highest revenue on record here is $112,913,191 in FY2022.
- Net assets grew from $0 to $158,481,087 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE ORGANIZATION IS ORGANIZED FOR THE PURPOSE OF RECEIVING, MAINTAINING AND ADMINISTERING ASSETS EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES, INCLUDING, BUT NOT LIMITED TO THE RECOGNIZABLE AND UNMET HEALTHCARE, WELLNESS, ECONOMIC AND EDUCATIONAL NEEDS OF THE COMMUNITIES WHICH THE CORPORATION
IRS status
| Ruling year | 2008 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | E112 — Health Care (in VA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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