Center for Spectrum Services

Analysis

Center for Spectrum Services is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in November 1979, 47 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, Center for Spectrum Services reported income of $12.1m and spending of $11.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $12.1m (+19%), an average of +4.5% 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, Center for Spectrum Services sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Christian City Inc ($12.1m), Albany Cso Pool Communities Corporation ($12.1m) and Stamford Jewish Center Incorporated ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $490k (4.2% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $5.2m against liabilities of $4.1m, net assets of $1.2m. It reported 269 employees.