Spruce Street Golden Manor Inc

Analysis

Spruce Street Golden Manor Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 2005, 21 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 December 2022, Spruce Street Golden Manor Inc reported income of $178k and spending of $249k, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $176k to $178k (+1.1%), an average of +0.4% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spruce Street Golden Manor Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within TN. Charities of a similar size with the same main cause include Atlanta Mission Support Corporation ($178k), Lotus Supporting Foundation Inc ($178k) and Habitat for Humanity International Inc ($178k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $75k, net assets of $1.9m. It reported 2 employees.

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.