S P E C T R U M

Analysis

S P E C T R U M is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, S P E C T R U M reported income of $1.5m and spending of $883k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $607k to $1.5m (+146%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, S P E C T R U M sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Tissue Bank Asbestos Research Charitable Trust ($1.5m), Childrens Leukemia Foundation of Michigan ($1.5m) and Wellspring Counseling Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $108k (12% of expenses). Other salaries and wages came to $51k. At year end it held assets of $3.1m against liabilities of $1.0m, net assets of $2.0m. It reported 4 employees.