The Village of Spring Hill Inc

Analysis

The Village of Spring Hill Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Village of Spring Hill Inc reported income of $196k and spending of $179k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $196k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Village of Spring Hill Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include Printing Industry of the Carolinas Foundation ($196k), Project 143 Foundation Inc ($196k) and Accion Opportunity Fund Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $625k against liabilities of $0, net assets of $625k.