Spencer Partnership Inc

Analysis

Spencer Partnership Inc is a registered charity in United States, based in Spencer, NC. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Spencer Partnership Inc reported income of $102k and spending of $126k, spending 124% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $112k to $102k (-9.3%), an average of -9.3% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Spencer Partnership Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Reach for the Stars Development Center Inc ($102k), Kalihi Community Center ($102k) and Rotary Club of San Luis Obispo Charities Inc ($102k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.