Wellspring for the World Inc
Nonprofit profile at a glance
- EIN
- 203570846
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990 2024, Form 990-EZ 2025
- Location
- Park Rapids, MN, USA
- Phone
- 7012358765
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $854
- Expenses
- $440,823
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Katy Bloomquist Freitag (Acting President (non-voting))
- Sue Anderson (Vice President)
People named in this filing
- Katy Bloomquist Freitag (Acting President (non-voting))
- Sue Anderson (Vice President)
- Maureen Bartelt (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Fund wells and water projects
What it reported doing in 2025
Wellspring for the World dissolved in 2025. As of December 2025, Wellspring for the World provided total lifetime funding of over $5 million. They completed their 1,000 well campaign in October 2020. They partnered with global water supplier World Vision to provide water points through World Vision's Global Water sector. Wellspring has funded water points wherever World Vision works to provide clean water.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -51,518.6%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -7.5% per year; rating input score 0; 29th percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $432K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.