Crystal Springs Inc

Analysis

Crystal Springs Inc is a registered charity in United States, based in Assonet, MA. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Crystal Springs Inc reported income of $29.6m and spending of $30.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.0m to $29.6m (+14%), an average of +3.3% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crystal Springs Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Unity Limited Partnership ($29.6m), Young Mens Christian Association of Honolulu ($29.6m) and Edgewood Retirement Community Inc ($29.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $538k (1.8% of expenses). Other salaries and wages came to $20.1m. At year end it held assets of $19.4m against liabilities of $2.3m, net assets of $17.1m. It reported 572 employees.