Space One Eleven Inc

Analysis

Space One Eleven Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 1989, 37 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Space One Eleven Inc reported income of $347k and spending of $471k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $347k (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income rose by 144%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Space One Eleven Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within AL. Charities of a similar size with the same main cause include Dry Stone Conservancy Inc ($347k), Ballet Etudes of South Florida Inc ($347k) and Newburyport Maritime Society Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $147k (31% of expenses). Other salaries and wages came to $96k. At year end it held assets of $1.5m against liabilities of $232k, net assets of $1.3m. It reported 8 employees.