Spin Inc

Analysis

Spin Inc is a registered charity in United States, based in Aberdeen, MD. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Spin Inc reported income of $168k and spending of $151k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $141k to $168k (+19%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spin Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Calaveras Pregnancy Center Inc ($168k), In Spirit ($168k) and Placer Breast Cancer Foundation ($168k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $104k against liabilities of $89k, net assets of $15k.