Atlas of Spencer

Analysis

Atlas of Spencer is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in October 2010, 16 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, Atlas of Spencer reported income of $120k and spending of $111k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $120k (+12%), an average of +12% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Atlas of Spencer sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include TW Foundation Inc ($120k), Twin Cities Retrouvaille ($120k) and St Richard of Chichester Conference of the Society of St Vincent de ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $72k against liabilities of $113, net assets of $72k.