Silver Spring Village Inc

Analysis

Silver Spring Village Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 2013, 13 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 Village Inc reported income of $212k and spending of $209k, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $214k to $212k (-1.2%), an average of -0.6% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver Spring Village Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include C O C O a House Inc ($212k), Noahs Ark Daycare Inc ($212k) and Meals on Wheels of Lees Summit Mo Inc ($212k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $81k (39% of expenses). Other salaries and wages came to $61k. At year end it held assets of $209k against liabilities of $4,296, net assets of $205k. It reported 4 employees.