Spur Local Inc

Analysis

Spur Local Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Spur Local Inc reported income of $914k and spending of $1.1m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $842k to $914k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spur Local Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Sarah Foundation Inc ($913k), United Way of Northeast Arkansas ($914k) and Myles & Ruth Munroe Foundation ($913k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $95k (8.8% of expenses). Other salaries and wages came to $459k. At year end it held assets of $416k against liabilities of $157k, net assets of $259k. It reported 10 employees.