Springfield Supported Housing Program

Analysis

Springfield Supported Housing Program is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in January 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield Supported Housing Program reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $610k to $1.1m (+72%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springfield Supported Housing Program sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within VT. Charities of a similar size with the same main cause include New York Housing Conference Inc ($1.1m), Faith Haven Incorporated ($1.1m) and Hale Mahaolu Lahaina Surf Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Other salaries and wages came to $459k. At year end it held assets of $441k against liabilities of $32k, net assets of $409k. It reported 13 employees.