Specialisterne USA Inc

Analysis

Specialisterne USA Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2012, 14 years ago. 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, Specialisterne USA Inc reported income of $564k and spending of $883k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $816k to $564k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Specialisterne USA Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within DE. Charities of a similar size with the same main cause include Childrens Montessori of Georgetown Inc ($564k), The Family Housing Development Corporation ($564k) and Onala Recovery Center Inc ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $228k (26% of expenses). Other salaries and wages came to $437k. At year end it held assets of $238k against liabilities of $544k, net assets of -$306k. It reported 10 employees.