Wellspring Foundation Inc
Wellspring Foundation Inc is a private foundation, based in South Plainfield, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $604K in total assets. In 2025, it awarded 3 grants totaling $72K. Net investment income was $48K.
Wellspring Foundation Inc at a glance
In short: Wellspring Foundation Inc gave $72K across 3 grants in 2025 (avg $24K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $72,000
- +102.8% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $24,000
- +170.4% vs 2024
- Median grant
- $1,000
- Total assets
- $604,370
- -4.7% vs 2024
- Primary geography
- New Jersey (97% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Wellspring Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Plainfield Christian science Church ($70K). Together the top 3 received $72K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 18 grants of 19 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Wellspring Foundation Inc gives
- Giving grew 45% from 2022 to 2025. Method
- In 2025 it paid out 241% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2021) to $72K (2025). In 2025 it made 3 grants totaling $72K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Plainfield Christian science Church Plainfield, NJ | Charitable Donation | $70,000 |
| Brave Books Conroe, TX | Charitable Donation | $1,000 |
| Sunrise Of Africa School Lake Barrington, IL | Charitable Donation | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $604,370 | $49,109 | $79,240 | $72,000 | 3 | $72,000 | $48,436 | $29,834 |
| 2024 | $634,501 | $63,447 | $352,044 | $35,500 | 4 | $35,500 | $9,053 | $53,023 |
| 2023 | $923,098 | $72,145 | $46,299 | $39,500 | 6 | $39,500 | $68,640 | $43,868 |
| 2022 | $897,252 | $73,727 | $107,135 | $49,500 | 5 | $49,500 | $73,027 | $43,233 |
| 2021 | $930,660 | $79,275 | $28,794 | $10,000 | 1 | $10,000 | $47,591 | $43,511 |
| 2020 | $880,179 | $53,627 | $96,365 | $13,000 | 1 | — | $53,221 | $43,602 |
| 2019 | $922,917 | $105,601 | $71,380 | $59,500 | 1 | — | $70,949 | $43,988 |
Under IRS private-foundation payout rules, Wellspring Foundation Inc reported a distributable amount of $30K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wellspring Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bruce Singleterry
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Gary Singleterry
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Mary Singleterry
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Wellspring Foundation Inc
How much does Wellspring Foundation Inc give each year?
Wellspring Foundation Inc gave $72K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $36K across 4 grants.
What is Wellspring Foundation Inc's typical grant size?
Wellspring Foundation Inc's median grant in 2025 was $1,000, and its average grant was $24,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Wellspring Foundation Inc give grants?
Wellspring Foundation Inc gives mostly in New Jersey: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Wellspring Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Wellspring Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Donation" (3 grants).
How large is Wellspring Foundation Inc?
Wellspring Foundation Inc reported $604K in total assets on its 2025 IRS Form 990-PF. It paid out $72K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).
What is Wellspring Foundation Inc's EIN?
Wellspring Foundation Inc's EIN (Employer Identification Number) is 80-0699956. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 22, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Wellspring Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Wellspring Foundation Inc's focus areas in our free grants database
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