Spectrum for Living Development Inc

Analysis

Spectrum for Living Development Inc is a registered charity in United States, based in River Vale, NJ. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Spectrum for Living Development Inc reported income of $43.9m and spending of $44.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $43.9m (+1006%), an average of +82% a year. The sharpest change came in the year to December 2020, when income rose by 793%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spectrum for Living Development Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Hit Inc ($43.9m), Choices Healthcare ($43.9m) and Transitional Services for New York Inc ($43.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Other salaries and wages came to $28.1m. At year end it held assets of $21.2m against liabilities of $7.9m, net assets of $13.4m. It reported 755 employees.