Spears House of Care

Analysis

Spears House of Care is a registered charity in United States, based in Desoto, TX. It received its IRS tax-exemption ruling in October 2012, 14 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 (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, Spears House of Care reported income of $377k and spending of $185k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $377k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spears House of Care sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Neighborhood Development Collaborative Inc ($377k), Neighborhood Housing Services of Southeast Wisconsin Inc ($377k) and Gregene HDFC ($377k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $104k (56% of expenses). Other salaries and wages came to $34k. At year end it held assets of $349k against liabilities of $0, net assets of $349k. It reported 2 employees.