Spring Park Senior Villa Inc

Analysis

Spring Park Senior Villa Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2012, 14 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 (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 2024, Spring Park Senior Villa Inc reported income of $298k and spending of $739k, spending 248% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $285k to $298k (+4.3%), an average of +0.8% a year. Over the whole period it spent 240% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spring Park Senior Villa Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Mackenzie Place 202-Ii ($297k), Christian Village of Western Virginia Inc ($298k) and Baileys Grove Retirement Community Inc ($297k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $6.5m against liabilities of $9.9m, net assets of -$3.4m.

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.