Spirit Series Inc

Analysis

Spirit Series Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Spirit Series Inc reported income of $1.0m and spending of $949k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $695k to $1.0m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spirit Series Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Randall Museum Friends ($1.0m), Jimena Inc ($1.0m) and California Water Data Consortium ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $134k (14% of expenses). Other salaries and wages came to $383k. At year end it held assets of $907k against liabilities of $205k, net assets of $702k. It reported 9 employees.