Springpoint Senior Living Inc

Analysis

Springpoint Senior Living Inc is a registered charity in United States, based in Wall Township, NJ. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Springpoint Senior Living Inc reported income of $20.0m and spending of $18.0m, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $16.6m to $20.0m (+21%), an average of +3.8% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springpoint Senior Living Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Rancho San Antonio Boys Home Inc ($20.0m), Creative Alternatives ($20.0m) and Catholic Community Services of the Mid Willamette Valley & Central ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $4.6m (26% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $76.6m against liabilities of $38.7m, net assets of $37.9m. It reported 126 employees.