Spectrum Support Inc

Analysis

Spectrum Support Inc is a registered charity in United States, based in Windsor Mill, MD. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Spectrum Support Inc reported income of $6.1m and spending of $6.4m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.1m (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Spectrum Support Inc 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 92nd percentile within MD. Charities of a similar size with the same main cause include Bluetide Puerto Rico Inc ($6.1m), Tasks Unlimited Inc ($6.1m) and San Diego Electrical Training Trust ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $166k (2.6% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $4.9m against liabilities of $3.0m, net assets of $1.9m. It reported 208 employees.