Spruce Place Inc

Analysis

Spruce Place Inc is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in September 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 2024, Spruce Place Inc reported income of $128k and spending of $229k, spending 178% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $95k to $128k (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 206% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spruce Place Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OR. Charities of a similar size with the same main cause include Dima I Inc ($128k), Shenandoah Apartments-Lafayette ($128k) and Twin Falls Optimist Youth House Inc ($128k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $779k.

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.