Family Extended Care of Spring Hill NW Inc

Analysis

Family Extended Care of Spring Hill NW Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in May 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, Family Extended Care of Spring Hill NW Inc reported income of $2.5m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.5m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Extended Care of Spring Hill NW Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Center Interfaith Housing ($2.5m), Big Sky Community Housing Trust ($2.5m) and New Orleans Redevelopment Unlimited Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $5.4m, net assets of -$337k. It reported 49 employees.