Springhaven Inc

Analysis

Springhaven Inc is a registered charity in United States, based in Mount Eaton, OH. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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, Springhaven Inc reported income of $3.6m and spending of $3.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.6m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springhaven Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include The Miller Center Foundation ($3.6m), Minnetonka Hopkins Gymnastics Association ($3.6m) and Bridges for the Deaf and Hard of Hearing ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $107k (3.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.2m against liabilities of $18k, net assets of $5.1m. It reported 52 employees.