Spaces

Analysis

Spaces is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Spaces reported income of $2.1m and spending of $1.7m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $2.1m (+387%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spaces sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Bay of Pigs Museum and Library of the 2506th Brigade Inc ($2.1m), Poets House Inc ($2.1m) and Las Vegas Pinball Collectors Club ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $74k (4.3% of expenses). Other salaries and wages came to $264k. At year end it held assets of $2.8m against liabilities of $187k, net assets of $2.6m. It reported 10 employees.