Spirit Level Foundation

Analysis

Spirit Level Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spirit Level Foundation reported income of $258k and spending of $347k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $258k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 141% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spirit Level Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Place of Hope in Haiti Inc ($258k), Pacific Club Impact Foundation ($258k) and Armed Forces Families Foundationinc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $7,850 (2.3% of expenses). At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.