Spaulding for Children

Analysis

Spaulding for Children is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in March 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Spaulding for Children reported income of $11.3m and spending of $11.1m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.1m to $11.3m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spaulding for Children 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 95th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Union City Day Care Program Inc ($11.3m), Christ Centered Home Inc ($11.3m) and Hot Bread Kitchen Ltd ($11.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $325k (2.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $8.6m against liabilities of $1.5m, net assets of $7.1m. It reported 54 employees.