The Spring Shelter Inc

Analysis

The Spring Shelter Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 1995, 31 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 December 2023, The Spring Shelter Inc reported income of $4.7m and spending of $2.1m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $4.7m (+246%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Spring Shelter 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 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Youth Crisis Center Inc ($4.7m), Serving Orphans Worldwide Inc ($4.7m) and Progresso Latino ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $110k (5.3% of expenses). Other salaries and wages came to $656k. At year end it held assets of $7.0m against liabilities of $262k, net assets of $6.8m. It reported 31 employees.