Sphinx Organization Inc

Analysis

Sphinx Organization Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1996, 30 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, Sphinx Organization Inc reported income of $7.6m and spending of $7.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $7.6m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 329%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sphinx Organization Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Eastern State Penitentiary Historic Site Inc ($7.6m), Bay Area Discovery Museum ($7.6m) and Seattle Symphony Foundation ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $532k (7.4% of expenses). Other salaries and wages came to $960k. At year end it held assets of $24.3m against liabilities of $117k, net assets of $24.2m. It reported 14 employees.