Spring Meadow Resources Inc

Analysis

Spring Meadow Resources Inc is a registered charity in United States, based in Helena, MT. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Spring Meadow Resources Inc reported income of $5.5m and spending of $5.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.5m (+13%), an average of +3.0% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spring Meadow Resources Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within MT. Charities of a similar size with the same main cause include Northeast Ohio Hospice Inc ($5.5m), Partners in Learning Child Development Center Inc ($5.5m) and Earc Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $170k (3.4% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $7.0m against liabilities of $1.0m, net assets of $6.0m. It reported 187 employees.