Shepherds Spring Inc

Analysis

Shepherds Spring Inc is a registered charity in United States, based in Sharpsburg, MD. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Shepherds Spring Inc reported income of $636k and spending of $744k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $636k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shepherds Spring Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Bharathiya Hindu Temple and Cultural ($635k), Cat Spring Retreat Inc ($636k) and Your Christian Companion Network Inc ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Other salaries and wages came to $372k. At year end it held assets of $1.5m against liabilities of $253k, net assets of $1.2m. It reported 22 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.