Living Springs Retreat Inc

Analysis

Living Springs Retreat Inc is a registered charity in United States, based in Roanoke, AL. It received its IRS tax-exemption ruling in February 1981, 45 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 December 2023, Living Springs Retreat Inc reported income of $984k and spending of $524k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $984k (+226%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Living Springs Retreat Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Roaring Fork Outdoor Volunteers ($984k), Ironbound Community Health Center Inc ($984k) and Childrens Cancer Fund of New Mexico ($984k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $55k (11% of expenses). Other salaries and wages came to $48k. At year end it held assets of $1.5m against liabilities of $2,779, net assets of $1.5m. It reported 8 employees.