Spencer Community School Foundation

Analysis

Spencer Community School Foundation is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Spencer Community School Foundation reported income of $274k and spending of $292k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $303k to $274k (-9.4%), an average of -2.4% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spencer Community School Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include National Lighting Contractors Association of America ($274k), Cocal Gracias ($274k) and North Carolina Bankers Association Foundation ($274k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $29k. At year end it held assets of $2.3m against liabilities of $421, net assets of $2.3m. It reported 2 employees.