Spartanburg Associate Reformed Presbyterian Home Inc

Analysis

Spartanburg Associate Reformed Presbyterian Home Inc is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in December 1982, 44 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 2020, Spartanburg Associate Reformed Presbyterian Home Inc reported income of $92k and spending of $180k, spending 195% of what it took in. Across the 2 years on record, from June 2019 to June 2020, income fell from $552k to $92k (-83%), an average of -83% a year. The sharpest change came in the year to June 2020, when income dropped by 83%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spartanburg Associate Reformed Presbyterian Home Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc ($92k), North Coast Place Apartments Inc ($92k) and Flint Creek Apartments Inc ($92k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.