Springfield Housing Unlimited

Analysis

Springfield Housing Unlimited is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Springfield Housing Unlimited reported income of $577k and spending of $617k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $636k to $577k (-9.4%), an average of -2.4% a year. The sharpest change came in the year to September 2020, when income dropped by 16%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springfield Housing Unlimited sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within VT. Charities of a similar size with the same main cause include Manito Presbyterian Homes Inc ($577k), Mount Olivet Day Services ($577k) and Greater Muskogee Community Foundation ($577k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $127k. At year end it held assets of $2.2m against liabilities of $1.1m, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.