Handicapped Housing of Spring Grove Inc

Analysis

Handicapped Housing of Spring Grove Inc is a registered charity in United States, based in LA Crescent, MN. It received its IRS tax-exemption ruling in May 1987, 39 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, Handicapped Housing of Spring Grove Inc reported income of $182k and spending of $136k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $182k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Handicapped Housing of Spring Grove Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Chester Township Fire Company ($182k), Archway Apartments Inc ($182k) and Jefferson Terrace Village of New Iberia Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $254k against liabilities of $220k, net assets of $33k.