Split Inc

Analysis

Split Inc is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Split Inc reported income of $234k and spending of $182k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $282k to $234k (-17%), an average of -8.9% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 57% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Split Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile. Charities of a similar size with the same main cause include Triangle Aphasia Project Unlimited ($234k), Buttonwood Healthcare Inc ($234k) and Samaritan Caregivers Incorporated ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. At year end it held assets of $699k against liabilities of $41k, net assets of $658k.