Spurwink-Ri

Analysis

Spurwink-Ri is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in September 2009, 17 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Spurwink-Ri reported income of $148k and spending of $179k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $148k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spurwink-Ri sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within RI. Charities of a similar size with the same main cause include Institut de LA Causerie Francaise ($148k), Infant Development Association of California Inc ($148k) and American Police Academy Inc ($148k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.1m against liabilities of $1.4m, net assets of -$275k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.