Spencer Penn School Preservation Organization

Analysis

Spencer Penn School Preservation Organization is a registered charity in United States, based in Spencer, VA. It received its IRS tax-exemption ruling in August 2005, 21 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, Spencer Penn School Preservation Organization reported income of $216k and spending of $254k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $266k to $216k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spencer Penn School Preservation Organization sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Arts Power Inc ($216k), Chester Cultural Arts and Technology Center ($216k) and Los Angeles Korean Musicians Association ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $47k (18% of expenses). Other salaries and wages came to $57k. At year end it held assets of $938k against liabilities of $128k, net assets of $810k. It reported 8 employees.