Sweetwater Spectrum Inc

Analysis

Sweetwater Spectrum Inc is a registered charity in United States, based in Sonoma, CA. It received its IRS tax-exemption ruling in September 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 June 2023, Sweetwater Spectrum Inc reported income of $1.4m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.4m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 133%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sweetwater Spectrum Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Migrant and Immigrant Community Action Project ($1.4m), Hispanic-American Insitute Inc ($1.4m) and Hand Up Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $115k (9.0% of expenses). Other salaries and wages came to $168k. At year end it held assets of $10.2m against liabilities of $91k, net assets of $10.1m. It reported 5 employees.