Springdale Housing Inc

Analysis

Springdale Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in March 1993, 33 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 Inc reported income of $335k and spending of $325k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $335k (+8.7%), an average of +2.1% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Springdale Housing Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include New Development Corporation ($334k), James E L Moore Housing Inc ($335k) and Luther Village II of Dover Inc ($334k).

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 $62k. At year end it held assets of $484k against liabilities of $2.0m, net assets of -$1.5m.