Spa Inc

Analysis

Spa Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spa Inc reported income of $652k and spending of $604k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $881k to $652k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spa Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Perkins Co Retirement Assoc Westview Retirement Community ($652k), Accessible Resources for Independence Inc ($652k) and Culinary Care ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $100k (17% of expenses). Other salaries and wages came to $205k. At year end it held assets of $1.6m against liabilities of $7,947, net assets of $1.6m. It reported 21 employees.