Speroway Inc

Analysis

Speroway Inc is a registered charity in United States, based in Clarence, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Speroway Inc reported income of $195k and spending of $122k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $61k to $195k (+218%), an average of +218% a year. The sharpest change came in the year to June 2024, when income rose by 218%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Speroway Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Clifford School Parents Club ($195k), The City Schools Foundation ($195k) and Agc Scholarship ($195k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $126k against liabilities of $1,050, net assets of $125k.