Spencer Community of Hope Incorporation

Analysis

Spencer Community of Hope Incorporation is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in June 2021, 5 years ago. 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, Spencer Community of Hope Incorporation reported income of $171k and spending of $220k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $171k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spencer Community of Hope Incorporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OK. Charities of a similar size with the same main cause include Little League Baseball Inc ($171k), United Presbyterian Ministries of Maryland Inc ($171k) and Abode Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 47% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.0m against liabilities of $2.0m, net assets of -$1.0m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.