The Spectra Organization Inc

Analysis

The Spectra Organization Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 1973, 53 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, The Spectra Organization Inc reported income of $815k and spending of $343k, leaving 58% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $656k to $815k (+24%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Spectra Organization Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Good Shepherd Medication Management ($815k), Manvel Volunteer Fire Department ($815k) and Mission Park Housing Incorporated ($815k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 63% of the total. Other salaries and wages came to $73k. At year end it held assets of $1.5m against liabilities of $373k, net assets of $1.2m.