Spring River Home Health Agency Inc

Analysis

Spring River Home Health Agency Inc is a registered charity in United States, based in Salem, AR. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 March 2024, Spring River Home Health Agency Inc reported income of $1.9m and spending of $2.5m, spending 129% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.9m to $1.9m (-32%), an average of -9.3% a year. The sharpest change came in the year to March 2024, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spring River Home Health Agency Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within AR. Charities of a similar size with the same main cause include Life Choices of Memphis Inc ($1.9m), Rios Senior Residence Housing Development Fund Corporation ($2.0m) and Maui a I D S Foundation ($1.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $151k (6.0% of expenses). Other salaries and wages came to $913k. At year end it held assets of $1.4m against liabilities of $39k, net assets of $1.4m. It reported 58 employees.

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.