The Spokes Group Inc

Analysis

The Spokes Group Inc is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in September 2007, 19 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 June 2024, The Spokes Group Inc reported income of $159k and spending of $179k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $149k to $159k (+6.5%), an average of +6.5% a year. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Spokes Group Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Posey County Domestic Violence Task Force Incorporated ($159k), Good Samaritan Network of Ross County Inc ($159k) and Pathway Home of the Finger Lakes Inc ($159k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.