Preserve Spencer House Inc

Analysis

Preserve Spencer House Inc is a registered charity in United States, based in Tigard, OR. It received its IRS tax-exemption ruling in June 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Preserve Spencer House Inc reported income of $493k and spending of $586k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $493k (+12%), an average of +3.0% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preserve Spencer House Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OR. Charities of a similar size with the same main cause include Salishan Senior Housing ($493k), Church Housing Corp of Phoenixville ($493k) and MM Senior Housing Inc ($493k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $64k. At year end it held assets of $4.2m against liabilities of $1.7m, net assets of $2.4m.

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.