Spring Lake Presbyterian Housing Corporation for Evergreen VLG Apts

Analysis

Spring Lake Presbyterian Housing Corporation for Evergreen VLG Apts is a registered charity in United States, based in Spring Lake, MI. It received its IRS tax-exemption ruling in April 1980, 46 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 March 2024, Spring Lake Presbyterian Housing Corporation for Evergreen VLG Apts reported income of $548k and spending of $485k, spending 89% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $498k to $548k (+10%), an average of +2.4% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spring Lake Presbyterian Housing Corporation for Evergreen VLG Apts sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Hughes Advocacy Foundation ($548k), Consumer Directed Personal Assistance Assn of Nys Inc ($548k) and Faith Influenced Leaders Corporation ($548k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $131k. At year end it held assets of $1.1m against liabilities of $1.3m, net assets of -$227k.