WellspringKaritas Foundation

EIN: 232176303 501(c)(3) International Affairs

Berwyn, PA

Total Revenue
$263,521
Total Expenses
$326,403
Total Assets
$341,989
Net Assets
$337,642
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
PA
Principal Officer
Eric Friend
Phone
6106474142
Tax Period
2023-01-01 to 2023-12-31

WellspringKaritas Foundation, founded in 1981, is a small nonprofit in the International Affairs sector that reported $264K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $326K exceeded revenue, resulting in a 24% operating deficit.

Mission

The Foundation partners with Mexican communities on social, educational, and economic revitalization projects. In collaboration with local efforts, Karitas develops programs, provides technical assistance, and leverages financial support in a spirit of democracy and reciprocity, empowering people to improve their lives and to assist one another in their individual and collective liberation.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $248,875
Program Service Revenue $0
Investment Income $14,646
Other Revenue $0
TOTAL REVENUE $263,521

Expense Breakdown

Grants Paid $186,254
Salaries & Benefits $89,191
Fundraising Expenses $13,164
Program Expenses $281,878
Other Expenses $50,958
TOTAL EXPENSES $326,403

Year-over-Year Comparison

2023 2022 Change
Revenue $263,521 $354,843 -0.3%
Expenses $326,403 $299,314 +0.1%
Net Income $-62,882 $55,529 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
Employees
1
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$67,250
Total Directors
8
$67,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Howard Friend Jnr Founder 4.00
Director
$0 $0 $0
Deedee Risher Secretary 4.00
Officer Director
$0 $0 $0
David Funkhouser Treasurer 4.00
Officer Director
$0 $0 $0
Erik Friend President 50.00
Officer Director
$67,250 $0 $67,250
Linda Stevenson Board Member 4.00
Director
$0 $0 $0
Sandra Forbes Chair of the Board 4.00
Director
$0 $0 $0
Jim Hatfield Board Member 4.00
Director
$0 $0 $0
Laura Wilson-Menting Board Member 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $263,521 $326,403 $341,989 $-62,882
2022 $354,843 $299,314 $400,581 $55,529
2021 $282,743 $252,894 $345,679 $29,849
2020 $224,749 $295,273 $319,529 $-70,524
2019 $235,493 $264,560 $386,438 $-29,067
2018 $510,956 $328,378 $417,985 $182,578
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