Spero Family Services

Analysis

Spero Family Services is a registered charity in United States, based in Mount Vernon, IL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Spero Family Services reported income of $12.2m and spending of $11.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $12.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spero Family Services sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Chartiers Center ($12.2m), Otterbein Green Hills Inc ($12.2m) and FSL Programs ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.5% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $8.9m against liabilities of $3.8m, net assets of $5.1m. It reported 241 employees.