Spirit of America Worldwide

Analysis

Spirit of America Worldwide is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Spirit of America Worldwide reported income of $41.3m and spending of $35.2m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $41.3m (+451%), an average of +53% a year. The sharpest change came in the year to December 2022, when income rose by 421%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Spirit of America Worldwide sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Love a Child Inc ($41.3m), Union of Concerned Scientists Inc ($41.7m) and Opportunity International Inc ($40.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.4m (4.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $35.3m against liabilities of $4.1m, net assets of $31.3m. It reported 58 employees.