Spirovation Inc

Analysis

Spirovation Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spirovation Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spirovation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Media Collective Inc ($1.3m), Equality Health Foundation ($1.3m) and Ronald McDonald House Charities Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $19k (1.4% of expenses). At year end it held assets of $6,727 against liabilities of $0, net assets of $6,727.