Spero Housing Group

Analysis

Spero Housing Group is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in January 2017, 9 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 June 2023, Spero Housing Group reported income of $752k and spending of $28k, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $141k to $752k (+434%), an average of +52% a year. The sharpest change came in the year to June 2022, when income rose by 381%. Over the whole period it spent 2.7% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spero Housing Group sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Pha Housing Development Ltd ($752k), Renovation Alliance ($753k) and Hogar Colinas Verdes Inc ($752k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $1,500, net assets of $1.9m.