Spam Benevolent Fund Inc

Analysis

Spam Benevolent Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2009, 17 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, Spam Benevolent Fund Inc reported income of $374k and spending of $238k, leaving 37% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $10k to $374k (+3501%), an average of +105% a year. The sharpest change came in the year to December 2019, when income rose by 708%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spam Benevolent Fund 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 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Cooperative Emergency Outreach ($374k), Rainbow Child Care Center Inc ($374k) and Panhandle 4-H Association Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $795k against liabilities of $0, net assets of $795k.