Bishop Spencer Place Inc

Analysis

Bishop Spencer Place Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Bishop Spencer Place Inc reported income of $13.7m and spending of $18.6m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.1m to $13.7m (-15%), an average of -4.0% a year. Over the whole period it spent 128% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bishop Spencer Place Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Avidd Community Services of New Jersey Inc ($13.7m), BMG Family Physicians Group Foundation Inc ($13.7m) and Sunset Home ($13.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $500k (2.7% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $17.9m against liabilities of $37.7m, net assets of -$19.8m. It reported 151 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.