Silver Spring Neighborhood Center Inc

Analysis

Silver Spring Neighborhood Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1961, 65 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 June 2023, Silver Spring Neighborhood Center Inc reported income of $3.0m and spending of $3.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.0m (+4.7%), an average of +1.2% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver Spring Neighborhood Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Full Access ($3.0m), Young Mens Christian Association ($3.0m) and Young Womens Christian Association of Newburyport ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $125k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.4m against liabilities of $806k, net assets of $1.6m. It reported 79 employees.