Wellspring Foundation for Renewal Inc

Nonprofit profile at a glance

EIN
851169433
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Waymart, PA, USA
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Roman Catholic
Affiliation
Christianity

Reported finances

Revenue
$6,000
Expenses
$6,000
Assets
$3,642

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • Michael Corsini (Director)
  • Andrew Pocta (Treasurer)
  • Jeff Mazzone (Secretary)

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

Create works of art and provide music for prayer for poor and underprivileged churches.

What it reported doing in 2025

The Wellspring Foundation for Sacred Art WFSA is a small foundation whose mission is to serve in the Catholic Tradition underprivileged and underserved parishes communities with beautiful sacred art music events for prayer. At this time most of the art music prayer and evangelization efforts are provided by Michael Corsini and his family. This included Nursing Home Homebound Veterans Home 17 visits Parish Holy Hours 9 musical holy hours Pregnancy Center Fundraiser Events 6 Pennsylvania For Life Events 2

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 100%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -14.4% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -28.1% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -33.5% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $6K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.