Spirit of Charity Foundation

Analysis

Spirit of Charity Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Spirit of Charity Foundation reported income of $635k and spending of $510k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $324k to $635k (+96%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 281%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spirit of Charity Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include United Way of Randolph Co Inc ($635k), Imperial Valley Community Foundation ($635k) and Charity for the Arts Sports & Education Inc ($634k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $148k. At year end it held assets of $1.6m against liabilities of $266k, net assets of $1.4m. It reported 1 employees.