Springhill Housing Corporation

Analysis

Springhill Housing Corporation is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in December 1991, 35 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, Springhill Housing Corporation reported income of $1.2m and spending of $897k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springhill Housing Corporation sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Roseburg Resuce Mission Inc ($1.2m), South Brunswick Community Development Corporation ($1.2m) and Green Planet Company ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 85% of the total. At year end it held assets of $6.0m against liabilities of $2.5m, net assets of $3.5m.