Spokane United Methodist Homes

Analysis

Spokane United Methodist Homes is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in September 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Spokane United Methodist Homes reported income of $37.4m and spending of $43.8m, spending 117% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $29.9m to $37.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to May 2022, when income rose by 21%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spokane United Methodist Homes sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include St Louis Arc Inc ($37.4m), Lutheran Family Services of Ne Inc ($37.4m) and Episcopal Community Services ($37.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $622k (1.4% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $268.9m against liabilities of $324.6m, net assets of -$55.6m. It reported 580 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.