Spectrum

Analysis

Spectrum is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spectrum reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $662k to $1.5m (+134%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spectrum sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Goodness United Inc ($1.5m), Learnup Centers ($1.5m) and Agape Center Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $83k (5.7% of expenses). Other salaries and wages came to $613k. At year end it held assets of $414k against liabilities of $32k, net assets of $382k. It reported 19 employees.