Spacetec Partners Inc

Analysis

Spacetec Partners Inc is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Spacetec Partners Inc reported income of $781k and spending of $579k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $781k (+218%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spacetec Partners Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Prairie Lakes Regional Arts Council Inc ($781k), Minnesota Street Project Foundation ($781k) and Cape Cod Modern House Trust Inc ($781k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $115k (20% of expenses). Other salaries and wages came to $141k. At year end it held assets of $689k against liabilities of $3,589, net assets of $686k. It reported 4 employees.