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Wellspring Inc

EIN 31-1020023 · Louisville, KY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak36 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WELLSPRING PROMOTES MENTAL HEALTH RECOVERY AND SUPPORTS INDIVIDUALS IN BUILDING HEALTHY AND HOPEFUL LIVES THROUGH BEHAVIORAL HEALTH, HOUSING, AND EMPLOYMENT SERVICES.

Income
$7.6 million
Spending
$8.0 million
Spent on programs
90%
Reserves
-13.9 months of spending
Largest source of income
government grants, 54%
Employees
133
Volunteers
141
Highest pay
$149,873, ceo

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 36 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 76% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    15 of 15

    Income rose 1% on the year before.

  • Spending floor

    15 of 15

    90% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    16 of 16 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $2.2 million spent. WELLSPRING OPERATES TWO CARF ACCREDITED CRISIS UNITS FOR ADULTS INPSYCHIATRIC CRISIS. THE PROGRAM OFFERS A COMFORTABLE, COMMUNITY-BASED AND COST EFFECTIVE ALTERNATIVE TO INPATIENT HOSPITALIZATION FOR ADULTS WHO NEED AN INTENSIVE LEVEL OF SUPPORT BUT DO NOT REQUIRE THE LOCKED DOWN SAFETY OF AN INPATIENT HOSPITAL. THESE CRISIS STABILIAZATION UNITS(CSUS) ARE LICENSED BY THE COMMONWEALTH OF KY AND MONITORED BY THE OFFICE OF THE INSPECTOR GENERAL TO MEET QUALITY STANDARDS. THE PROGRAMS PROVIDE 24-HOUR STAFF SUPPORT WITH A MULTI-DISCIPLINARY TEAM APPROACH, INCLUDING ON SITE SERVICES FROM A PSYCHIATRIST, APRN, CLINICAL SOCIAL WORKERS, ART THERAPISTS AND PSYCH REHAB COUNSELORS. THE PROGRAMS CAN ACCOMMODATE A MAXIMUM OF 18 PEOPLE ON ANY GIVEN DAY AND SERVED 324 PEOPLE IN FISCAL YEAR 2025. THE PROGRAMS WORK CLOSELY WITH THE PSYCHIATRIC EMERGENCY ROOM, HOSPITALS, OUTPATIENT PROVIDERS, FAMILIES, AND OTHER COMMUNITY RESOURCES FOR REFERRALS, DIVERTING 90% FROM HOSPITALS. IN 2023, OUR ACCREDITION WAS EXTENDED FOR ANOTHER THREE-YEAR TERM.
  2. $3.1 million spent. WELLSPRING'S SUPPORTIVE AND AFFORDABLE HOUSING PROGRAMS SERVE ADULTSWITH SERIOUS MENTAL ILLNESS WHO ARE LIVING ON INCOMES WELL BELOW THEFPL-TYPICALLY, <30% OF AMI. IN FISCAL YEAR 2025 WE PROVIDED 150 ADULTS WITH MENTAL ILLNESS HOUSING IN PROPERTIES OWNED BY WELLSPRING AND A COMBINED TOTAL OF 315 IN WELLSPRING HOUSING AND MAINSTREAM SCATTERED SITE RENTAL UNITS. CASE MANAGEMENT, PEER SUPPORT, LIFE SKILLS AND THERAPY ARE PROVIDED AS NEEDED TO CLIENTS IN OUR HOUSING PROGRAMS. TO QUALIFY FOR THESE PROGRAMS A CLIENT MUST HAVE A DOCUMENTED MENTAL HEALTH DISABILITY/ILLNESS, MANY HAVE A SUBSTANCE ABUSE D/O, A PHYSICAL HEALTH CONDITION, AND /OR ARE HOMELESS. WELLSPRING IS CARF ACCREDITATED IN COMMUNITY HOUSING, CASE MANAGEMENT, THERAPY AND CRISIS STABILIZATION SERVICES AND SERVED 227 PEOPLE IN 2025. IN 2023, WE EXTENDED OUR ACCREDITATION IN COMMUNITY HOUSING FOR ANOTHER 3 YEARS.
  3. $1.9 million spent. WELLSPRING, THROUGH OUR BHSO (BEHAVIORAL HEALTH ORGANIZATION), PROVIDES OUTPATIENT GROUP TX, INDIVIDUAL THERAPY, CASE MANAGEMENT AND PEER SUPPORT AS WELL AS INTENSIVELY SUPPORTED SPECIALTY PROGRAMS LIKE ASSERTIVE COMMUNITY TREATMENT (ACT) TEAM, WISH WHICH PROVIDES SEVEN DAY A WEEK SUPPORT SERVICES TO HIGHLY VULNERABLE CLIENTS, AND PIC (PROGRAM FOR INTEGRATED CARE), A 5-YEAR SAMHSA GRANT SERVING ADULTS WITH CO-OCCURRING MENTAL ILLNESS AND SUBSTANCE USE WHICH IS BEING CONVERTED TO AN ACT TEAM. IN 2023, WE EXTENDED OUR ACCREDITATION IN OUTPATIENT SERVICE AND CASE MANAGEMENT FOR ANOTHER 3 YEARS (THE MAXIMUM ACHIEVABLE OUTCOME). 753 PEOPLE RECEIVED OUTPATIENT THERAPY AND/OR CASE MANAGGEMENT IN FISCAL YEAR 2025.
  4. $117,623 spent. WELLSPRING'S SUPPORTED EMPLOYMENT PROGRAM IS BASED ON AN EVIDENCED BASED MODEL CALLED IPS OR INDIVIDUAL PLACEMENT & SUPPORT. THIS APPROACH FOCUSES ON HELPING CLIENTS WITH MENTAL ILLNESS TO DEVELOP EMPLOYMENT GOALS THAT TRULY REFLECT THEIR INTERESTS, VALUES, SKILLS, AND EXPERIENCES AND SEEKS TO HELP THESE CLIENTS FIND COMPETITIVE EMPLOYMENT THAT ALIGNS WITH THEIR GOALS. WE SERVED 29 ADULTS IN FISCAL YEAR 2025.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 1981.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.