Spirit of America Foundation Inc

Analysis

Spirit of America Foundation Inc is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in August 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Spirit of America Foundation Inc reported income of $412k and spending of $333k, spending 81% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $152k to $412k (+171%), an average of +28% a year. The sharpest change came in the year to September 2024, when income rose by 60%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spirit of America Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Marshall County Agriculture Association ($412k), Elite 3 Sports Ventures ($413k) and C-Hers Lacrosse Club Inc ($412k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $80k (24% of expenses). Other salaries and wages came to $35k. At year end it held assets of $187k against liabilities of $0, net assets of $187k. It reported 9 employees.