Servicespace

Analysis

Servicespace is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Servicespace reported income of $128k and spending of $66k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $244k to $128k (-47%), an average of -27% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Servicespace sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Corrales Mainstreet Inc ($128k), Community Faith Outreach Ministries Inc ($128k) and Ripley County Tourism Bureau Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $507k against liabilities of $0, net assets of $507k.