Spearville Senior Living Inc

Analysis

Spearville Senior Living Inc is a registered charity in United States, based in Spearville, KS. It received its IRS tax-exemption ruling in April 2019, 7 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, Spearville Senior Living Inc reported income of $1.9m and spending of $2.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $664k to $1.9m (+186%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 356%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spearville Senior Living Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KS. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.9m), Northfield Community LDC of Staten Island Inc ($1.9m) and Community Home Repair Projects of Arizona ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $132k (6.2% of expenses). Other salaries and wages came to $780k. At year end it held assets of $5.5m against liabilities of $5.8m, net assets of -$242k. It reported 48 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.