Spring Meadows Association of Responsible Tenants Inc

Analysis

Spring Meadows Association of Responsible Tenants Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 1996, 30 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 September 2023, Spring Meadows Association of Responsible Tenants Inc reported income of $4.5m and spending of $5.2m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $4.5m (+19%), an average of +4.5% a year. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spring Meadows Association of Responsible Tenants Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Bayshore Christian School ($4.5m), UJA Federation of Greenwich Inc ($4.5m) and Ech Housing Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $12.9m against liabilities of $24.4m, net assets of -$11.5m.

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.