Spero House Incorporated

Analysis

Spero House Incorporated is a registered charity in United States, based in Niles, MI. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Spero House Incorporated reported income of $56k and spending of $52k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $56k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spero House Incorporated sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include St Marys-Good Samaritan Inc ($56k), Abundant Ministries Inc ($56k) and Art League of Baytown ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $176k against liabilities of $116k, net assets of $60k.