Spruce Mountain Educationalfoundation Inc

Analysis

Spruce Mountain Educationalfoundation Inc is a registered charity in United States, based in Jay, ME. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2024, Spruce Mountain Educationalfoundation Inc reported income of $106k and spending of $92k, spending 87% of its income. Across the 3 years on record, from September 2022 to September 2024, income grew from $43k to $106k (+144%), an average of +56% a year. The sharpest change came in the year to September 2024, when income rose by 210%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spruce Mountain Educationalfoundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 32nd percentile within ME. Charities of a similar size with the same main cause include El Sereno Stallions Football and Cheer Inc ($106k), East Basketball Association Inc ($106k) and South Mason Youth Soccer Club ($106k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.