Spurwink Services Incorporated

Analysis

Spurwink Services Incorporated is a registered charity in United States, based in Scarborough, ME. It received its IRS tax-exemption ruling in November 1973, 53 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Spurwink Services Incorporated reported income of $74.6m and spending of $73.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $75.8m to $74.6m (-1.6%), an average of -0.4% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spurwink Services Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Family Resource & Referral Center of San Joaquin ($74.4m), Comagine Health ($74.8m) and Batten University ($74.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.1m (1.5% of expenses). Other salaries and wages came to $41.6m. At year end it held assets of $41.9m against liabilities of $18.9m, net assets of $23.0m. It reported 1,120 employees.