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Springmoor

Raleigh, NC · EIN 56-1368256 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Springmoor reported $44.9 million in revenue and $45.2 million in expenses for calendar year 2024. Of every $100 it spent, $92.05 went to program services, $7.95 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.7% of the total. The highest compensation it reported for one person was $450 (DIRECTOR). Revenue rose 17% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $45M

Program services$92.05 $42M
Management & general$7.95 $3.6M
Fundraising$0.00 $0

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $45M

Contributions & grants (non-government)$0.18 $81,825
Program service revenue$91.70 $41M
Investment income$8.12 $3.6M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 3,614 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	92.0%	87.2%
Management & general Part IX 25(C) ÷ 25(A)	8.0%	11.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.2%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	Not reported	$0.02
Contributions & grants share of revenue Part VIII 1h ÷ 12	0.2%	20.6%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	2.4%
Program service revenue share Part VIII 2g ÷ 12	91.7%	70.8%
Highest reported compensation Part VII-A, columns D–F	$450	$274,992
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.00%	1.18%
People paid over $100,000 Part VII, line 2	Not reported	6
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	-6.7	6.9
Independent voting board members Part VI 1a–1b	7 of 7	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$42M expenses · 100.0% of program spending · grants $440K · revenue $41M

To provide care to a retirement community by providing high quality, responsive, financially sound life care to its residents with convenience to health care, food services, activities, entertainment and opportunities for social enrichment in a life care retirement setting

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
DIRECTOR Director/trustee, 1.00 hrs/week	$450	$0	$0	$450
DIRECTOR Director/trustee, 1.00 hrs/week	$450	$0	$0	$450
DIRECTOR Director/trustee, 1.00 hrs/week	$450	$0	$0	$450
DIRECTOR Director/trustee, 1.00 hrs/week	$450	$0	$0	$450
PRESIDENT Director/trustee, officer, 1.00 hrs/week	$450	$0	$0	$450
SECRETARY Director/trustee, 1.00 hrs/week	$450	$0	$0	$450
VICE PRESIDE Director/trustee, officer, 1.00 hrs/week	$450	$0	$0	$450

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$45M	$45M	92.0%	−$25M	$450
2023 ⓘ	$43M	$45M	92.4%	−$25M	$450
2022 ⓘ	$41M	$41M	92.2%	−$25M	—
2021 ⓘ	$38M	$40M	91.8%	−$19M	$450
2020 ⓘ	$38M	$37M	91.7%	−$17M	$450
2019 ⓘ	$39M	$39M	65.7%	−$19M	$450

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13No
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 50

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only

AMMONS SPRINGMOOR ASSOCIATES INC
Management

$750,000

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Springmoor's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Springmoor, you can publish a response that is linked from this page.

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Similar-sized charities in this cause

The Edinburg Center
Bedford, MA · revenue $45M · programs 88.0% · FY2025
Catholic Charities & Community Serv of the Archdiocese of Denver
Denver, CO · revenue $45M · programs 85.5% · FY2025
Fidelity House
Lawrence, MA · revenue $45M · programs 85.1% · FY2025
Empath Health
Lakewood Ranch, FL · revenue $45M · programs 75.3% · FY2025
Carleton-Willard Homes
Bedford, MA · revenue $45M · programs 84.1% · 2024

All human services charities · Largest charities in North Carolina

Questions people ask

How much of Springmoor's spending goes to programs?

In calendar year 2024, Springmoor reported that 92.0% of its $45.2 million in expenses went to program services, 8.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Springmoor pay its top executive?

The largest total compensation Springmoor reported for one person in calendar year 2024 was $450, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Springmoor get its money?

Of $44.9 million in revenue in calendar year 2024, 0.2% came from contributions and grants and 91.7% from program service revenue (Form 990, Part VIII).

Is Springmoor a registered charity?

The IRS lists EIN 56-1368256 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202523189349307287 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202413209349314881 · read the filing
2022: Form 990 for calendar year 2022, object 202343199349318819 · read the filing
2021: Form 990 for calendar year 2021, object 202201349349300505 · read the filing
2020: Form 990 for calendar year 2020, object 202112509349300106 · read the filing
2019: Form 990 for calendar year 2019, object 202041889349300814 · read the filing

All filings for EIN 56-1368256: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.