Spur Inc

Analysis

Spur Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in April 2015, 11 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, Spur Inc reported income of $348k and spending of $338k, spending 97% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $242k to $348k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spur Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Keatons Kindness Foundation ($348k), Alpha XI of Sigma Chi Educational Foundation ($348k) and Capital City Education Foundation Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 36% of the total. Other salaries and wages came to $214k. At year end it held assets of $277k against liabilities of $45k, net assets of $232k. It reported 7 employees.