Spencer Community of Hope II Inc

Analysis

Spencer Community of Hope II Inc is a registered charity in United States, based in Spencer, OK. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Spencer Community of Hope II Inc reported income of $105k and spending of $116k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $111k to $105k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spencer Community of Hope II Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OK. Charities of a similar size with the same main cause include Chrysalis Community Inc ($105k), Niagara Apartments Inc ($105k) and Co-Nexus Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 48% of the total. Other salaries and wages came to $7,680. At year end it held assets of $654k against liabilities of $1.3m, net assets of -$663k. It reported 3 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.