Springhaven Inc

Analysis

Springhaven Inc is a registered charity in United States, based in Elizabethtown, KY. It received its IRS tax-exemption ruling in September 1988, 38 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 June 2023, Springhaven Inc reported income of $1.5m and spending of $1.7m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springhaven Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Hendricks County Senior Services Inc ($1.5m), California Community Action Partnership Association ($1.5m) and Vintage ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $694k. At year end it held assets of $1.6m against liabilities of $106k, net assets of $1.5m. It reported 27 employees.