Spring Lake Ranch Inc

Analysis

Spring Lake Ranch Inc is a registered charity in United States, based in Shrewsbury, VT. It received its IRS tax-exemption ruling in December 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Spring Lake Ranch Inc reported income of $10.6m and spending of $5.2m, leaving 51% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.8m to $10.6m (+122%), an average of +22% a year. The sharpest change came in the year to August 2023, when income rose by 99%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spring Lake Ranch Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include The Carmelite System Inc ($10.6m), Bethel Home Inc ($10.6m) and Special Olympics Pennsylvania Inc ($10.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $158k (3.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $17.5m against liabilities of $327k, net assets of $17.2m. It reported 69 employees.