Spectrum Community Services Inc

Analysis

Spectrum Community Services Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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, Spectrum Community Services Inc reported income of $17.8m and spending of $18.4m, spending 103% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $11.1m to $17.8m (+61%), an average of +10% a year. The sharpest change came in the year to June 2019, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spectrum Community Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include San Francisco Waldorf School Association ($17.8m), Bobby Dodd Institute Inc ($17.8m) and Transitions - Mental Health Association ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $236k (1.3% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $7.6m against liabilities of $3.2m, net assets of $4.4m. It reported 359 employees.