Wellspring Ministries Of Alaska Inc

Organization Overview

Wellspring Ministries Of Alaska Inc is located in Anchorage, AK. The organization was established in 2001. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Wellspring Ministries Of Alaska Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Ministries Of Alaska Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Wellspring Ministries Of Alaska Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 2.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

MINISTRY OF SPIRITUAL HEALING, PERSONAL SALVATION, TEACHING, & ENCOURAGEMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

TEACHING OF THE GOSPEL OF JESUS UNTO SALVATION, AND RECOGNITION OF THOSE THINGS WHICH SEPARATE FROM CHRIST.


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Board, Officers & Key Employees

Name (title)Compensation
Patrick Hadley
Director/sr
$75,500
Arthur Mathias
President/tr
$50,000
Monica Mosier
Director/sec
$43,200
Janice Coulter
Director
$7,800
Patricia Mathias
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$569,713
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$569,713
Total Program Service Revenue$201,104
Investment income $794
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $266,625
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,038,236

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