Spectrum Human Services Inc

Analysis

Spectrum Human Services Inc is a registered charity in United States, based in Westland, MI. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spectrum Human Services Inc reported income of $3.8m and spending of $4.3m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $3.8m (+0.6%), an average of +0.2% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spectrum Human Services Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Good News Rescue Mission ($3.8m), Welcoming America Inc ($3.8m) and Healing House Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $125k (2.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.7m against liabilities of $3.3m, net assets of $444k. It reported 29 employees.