Springmoor Inc
1500 Sawmill Rd, Raleigh, NC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $44,919,208 | $45,153,726 | -$25,250,042 |
| FY2023 | $42,539,253 | $44,719,921 | -$25,015,524 |
| FY2022 | $40,800,832 | $40,703,048 | -$24,835,267 |
| FY2021 | $37,768,204 | $39,842,573 | -$19,215,648 |
| FY2020 | $38,045,737 | $36,607,204 | -$17,144,429 |
| FY2019 | $38,535,108 | $38,662,571 | -$18,582,962 |
| FY2018 | $38,503,859 | $37,404,507 | -$18,455,499 |
| FY2017 | $36,082,815 | $36,932,529 | -$16,623,401 |
| FY2016 | $33,625,691 | $37,853,068 | -$15,773,687 |
| FY2015 | $35,978,308 | $37,115,363 | -$11,546,310 |
| FY2014 | $34,541,453 | $36,232,591 | -$10,409,255 |
| FY2013 | $34,563,917 | $34,261,916 | $18,948,878 |
| FY2012 | $33,140,587 | $32,761,126 | $18,646,877 |
| FY2011 | $35,055,613 | $31,694,641 | $18,267,416 |
Form 990 filings
The returns filed by Springmoor Inc (EIN 56-1368256), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $81,825 | <1% |
| Program service revenue | $41,191,735 | 92% |
| Other revenue | $3,645,648 | 8% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $41,563,155 | 92% |
| Management & general | $3,590,571 | 8% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 92% of total revenue in FY2024.
- Program services accounted for 92% of functional expenses, management & general 8%, and fundraising 0%.
- 92% of functional expenses went to program services in FY2024. That is higher than 86.5% of 74 Human Services organizations in NC.
- Net assets covered about -6.7 months of expenses at the end of the reporting year. That puts it in the 3rd percentile among 1339 Human Services organizations in NC.
- Total revenue was higher than 98.8% of 1375 Human Services organizations in NC.
- Total revenue rose from $35,055,613 in FY2011 to $44,919,208 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2014, FY2015, FY2016, FY2017, FY2019, FY2021, FY2023, FY2024).
- Net assets declined from $18,267,416 to -$25,250,042 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SPRINGMOOR IS A NATIONALLY ACCREDITED FULL SERVICE LIFE CARE RETIREMENT COMMUNITY DESIGNED TO EMPHASIZE INDEPENDENT LIVING, DIGNITY, SECURITY, AND PEACE OF MIND. IT OFFERS A WIDE RANGE OF RESIDENCES, SERVICES, AMENITIES AND COMPREHENSIVE HEALTH CARE.
IRS status
| Ruling year | 1985 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P750 — Human Services (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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