Spamart Inc

Analysis

Spamart Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Spamart Inc reported income of $207k and spending of $47k, leaving 77% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $238k to $207k (-13%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spamart Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include International Microwave Power Institute ($207k), Association of Midwest Museums ($207k) and Preble County Historical Society Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $283k against liabilities of $2,733, net assets of $280k.