McKendree Arbors at Springfield Inc

Analysis

McKendree Arbors at Springfield Inc is a registered charity in United States, based in Springfield, TN. It received its IRS tax-exemption ruling in May 1962, 64 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, McKendree Arbors at Springfield Inc reported income of $597k and spending of $564k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $597k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McKendree Arbors at Springfield Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include McDowell Housing Corporation ($597k), Open Doors Louisiana Inc ($597k) and Every Campus a Refuge ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 43% of the total. At year end it held assets of $2.5m against liabilities of $3.3m, net assets of -$850k.