Speck Homes Inc

Analysis

Speck Homes Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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, Speck Homes Inc reported income of $3.8m and spending of $4.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.8m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Speck Homes Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include Monsignor Wynhoven Apts ($3.8m), Carpenters Housing Corp ($3.8m) and Casper Family YMCA ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $96k (2.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.1m against liabilities of $602k, net assets of $1.5m. It reported 89 employees.