Spookstock Foundation

Analysis

Spookstock Foundation is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Spookstock Foundation reported income of $5.6m and spending of $6.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.6m (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spookstock Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Excellerate Foundation Charitable Support ($5.6m), Pikes Peak United Way ($5.7m) and PCF Gifting and Liquidation Charitable Foundation ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $400k (6.4% of expenses). Other salaries and wages came to $212k. At year end it held assets of $694k against liabilities of $70k, net assets of $625k. It reported 5 employees.