Xspring Allied Inc

Analysis

Xspring Allied Inc is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 May 2024, Xspring Allied Inc reported income of $243k and spending of $494k, spending 203% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $475k to $243k (-49%), an average of -16% a year. The sharpest change came in the year to May 2022, when income rose by 564%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Xspring Allied Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Foundation Realty ($243k), Liz S Legacy Inc ($243k) and Nami of Richland County Ohio ($242k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 1.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $120k (24% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.