Springdale Housing Phase II Inc

Analysis

Springdale Housing Phase II Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in May 1996, 30 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, Springdale Housing Phase II Inc reported income of $296k and spending of $357k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $296k (+16%), an average of +3.8% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springdale Housing Phase II 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 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Friendship Plaza I Inc ($296k), Mountain Neighborhoods Inc ($296k) and Partnership Housing of Southwest Alabama ($296k).

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 $68k. At year end it held assets of $412k against liabilities of $2.1m, net assets of -$1.7m.

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.