Wellspring House, Inc.

80%

Three-Star Charity

Impact & Measurement

Accountability & Finance

Culture & Community

Leadership & Adaptability

Wellspring House, Inc.

Is this your nonprofit?

501(c)(3) organization

Donations are tax-deductible

https://www.wellspringhouse.org/

302 Essex Avenue

Gloucester MA 01930

978-281-3558

Gloucester MA | IRS ruling year: 1983 | EIN: 04-2735048

An EIN is a unique nine-digit number that identifies a business for tax purposes.

Organization Mission

Wellspring inspires families and adults on the North Shore to achieve employment and financial security through stable housing, education, job training, and career r ... (More)

Rating Information

Good

This charity's score is 80%, earning it a Three-Star rating. If this organization aligns with your passions and values, you can give with confidence.

This overall score is calculated from multiple beacon scores, weighted as follows: 39% Accountability & Finance, 48% Impact & Measurement, 13% Culture & Community. Learn more about our criteria and methodology.

Historical Ratings

Accountability & Finance

Score

96

Most Recent Fiscal Year:
FY 2023

This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

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Key Accountability Metrics

Full Credit

Partial Credit

No Credit

Majority Independent Board Members - 100% independent members

10 out of 10 points

Independent Board Size - 23 independent members

10 out of 10 points

Financial Statements - Audit and Oversight Committee

20 out of 20 points

Total Revenue Amount	Expectation to Receive Credit
$2 million or higher and 40% or higher donor support	Expected to complete an audit and have an audit oversight committee
$1 million or higher	Expected to complete an audit
$500,000 - $1 million	Expected to complete an audit, review, or compilation
Less than $500,000	No expectation (removed from scoring methodology)

Material Diversion of Assets - None

20 out of 20 points

Tax Form Disclosures and Policies

Full Credit

Partial Credit

No Credit

Website Listed on Tax Form - Listed

5 out of 5 points

Conflict of Interest Policy - Listed

5 out of 5 points

Whistleblower Policy - Listed

5 out of 5 points

Document Retention and Destruction - Listed

5 out of 5 points

Documents Board Meeting Minutes - Yes

5 out of 5 points

Tax Form Distributed to Board Before Filing - Listed

5 out of 5 points

Loans to/from Officers - None

5 out of 5 points

Website Disclosures

Full Credit

Partial Credit

No Credit

Tax Form Posted on Nonprofit's Website - Missing

0 out of 5 points

Financial Metrics

Full Credit

Partial Credit

No Credit

Liabilities to Assets: Ratio - 10.88%

25 out of 25 points

Program Expense: Ratio - 77.26%

25 out of 25 points

Fundraising Efficiency: Ratio - $0.24

22 out of 25 points

Working Capital: Ratio - 1.13 years

25 out of 25 points

Additional Information

Total Revenue and Expenses - Data Available

Salary of Key Persons - Data Available

IRS Published Data (Business Master File) - Data Available

Data Sources (IRS Forms 990) - Data Available

Impact & Measurement

Score

65

This beacon estimates the actual impact a charity has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.

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Assessments

Impact

65 out of 100 points

100% of Impact & Measurement score

Full Credit

Partial Credit

No Credit

Impact Determination - Not Cost Effective

65 out of 100 points

Measurement

Unscored

0% of Impact & Measurement score

Full Credit

Partial Credit

No Credit

Program Planning and Design - No data available

Program Development - No data available

Data Collection and Analysis - No data available

Reporting and Distribution of Results - No data available

Use of Results - No data available

Date Published	Overall Rating
8/3/2021
4/1/2020
5/1/2019
4/1/2018
6/1/2017
6/1/2016
3/1/2015

Equity Practices (2/7)
	We review compensation data across the organization (and by staff levels) to identify disparities by race.
	We ask team members to identify racial disparities in their programs and/or portfolios.
	We analyze disaggregated data and root causes of race disparities that impact the organization/'s programs, portfolios, and the populations served.
	We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
	We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
	We disaggregate data by demographics, including race, in every policy and program measured
	We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.

Equity Policies and Procedures (4/7)
	We use a vetting process to identify vendors and partners that share our commitment to race equity.
	We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
	We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
	We have community representation at the board level, either on the board itself or through a community advisory board.
	We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
	We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
	We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

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Wellspring House, Inc.

Rating Information

Rating Report

96

Key Accountability Metrics

Tax Form Disclosures and Policies

Website Disclosures

Financial Metrics

Additional Information

65

Assessments

Impact

65 out of 100 points

Measurement

Unscored

89

Metrics