Spin Cafe

Analysis

Spin Cafe is a registered charity in United States, based in Oak Harbor, WA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Spin Cafe reported income of $261k and spending of $325k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $225k to $261k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spin Cafe sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Big Valley Fifty Plus Club ($261k), Heart to Heart Cac Harvey Marion McPherson Cac Inc ($261k) and Fish of Galesburg ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $176k (54% of expenses). At year end it held assets of $60k against liabilities of $5,311, net assets of $55k. It reported 10 employees.