Springs Rescue Mission

Analysis

Springs Rescue Mission is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Springs Rescue Mission reported income of $14.7m and spending of $15.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.0m to $14.7m (+4.7%), an average of +1.2% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springs Rescue Mission sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include YMCA ($14.6m), Florence Home for the Aged ($14.7m) and Educare DC ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $343k (2.2% of expenses). Other salaries and wages came to $4.8m. It paid $30k in professional fundraising fees. At year end it held assets of $31.3m against liabilities of $7.6m, net assets of $23.7m. It reported 137 employees.