Springwood Estates Inc

Analysis

Springwood Estates Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in July 1981, 45 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 September 2023, Springwood Estates Inc reported income of $239k and spending of $217k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $215k to $239k (+11%), an average of +2.6% a year. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springwood Estates Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Fourth Ward Christian Development Ministry Inc ($239k), Reeves Community Center Foundationinc ($239k) and Carnegie City-County Library ($239k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1,256. At year end it held assets of $560k against liabilities of $67k, net assets of $493k.