Positive Spin Inc

Analysis

Positive Spin Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Positive Spin Inc reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $812k to $1.0m (+29%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Positive Spin Inc 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include 111project Inc ($1.0m), The Bulb Gallery ($1.0m) and Right Moves for Youth Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (9.6% of expenses). Other salaries and wages came to $585k. At year end it held assets of $137k against liabilities of $61k, net assets of $77k. It reported 19 employees.