Community Spring Inc

Analysis

Community Spring Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in March 2020, 6 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, Community Spring Inc reported income of $387k and spending of $277k, leaving 28% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $205k to $387k (+89%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 531%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Spring Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Alpha-Omega Life Ministries ($387k), Texas Christian Community Development Network ($387k) and Webster Comfort Care Home ($387k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (18% of expenses). Other salaries and wages came to $138k. At year end it held assets of $714k against liabilities of $12k, net assets of $702k. It reported 14 employees.