Spectrum for Living Endownment Inc

Analysis

Spectrum for Living Endownment Inc is a registered charity in United States, based in River Vale, NJ. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spectrum for Living Endownment Inc reported income of $521k and spending of $474k, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $945k to $521k (-45%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spectrum for Living Endownment Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Faith Hope & Love Outreach Center Inc ($521k), Fox Valley Literacy Council Inc ($521k) and Sanctuary Inc ($520k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $13.2m against liabilities of $76k, net assets of $13.1m.