Saginaw Spirit Foundation Inc

Analysis

Saginaw Spirit Foundation Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Saginaw Spirit Foundation Inc reported income of $198k and spending of $221k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $198k (-1.0%), an average of -1.0% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Saginaw Spirit Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Net-Works Inc ($198k), Unico Futbol Club ($198k) and United Soccer League Associated ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.