Spurwink-Ri

Analysis

Spurwink-Ri is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending December 2022, Spurwink-Ri reported income of $9.1m and spending of $9.3m, spending 102% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $7.4m to $9.1m (+23%), an average of +5.4% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spurwink-Ri sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within RI. Charities of a similar size with the same main cause include Redwood Coast Medical Services Inc ($9.1m), Carroll Hospital Center Foundation Inc ($9.1m) and St Josephs Health Center Properties Inc ($9.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $185k (2.0% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $2.3m against liabilities of $6.0m, net assets of -$3.7m. It reported 169 employees.