Spectrum Living Solutions Inc

Analysis

Spectrum Living Solutions Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in February 2019, 7 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 March 2024, Spectrum Living Solutions Inc reported income of $801k and spending of $823k, spending 103% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $393k to $801k (+104%), an average of +19% a year. The sharpest change came in the year to March 2021, when income rose by 111%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spectrum Living Solutions Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within AR. Charities of a similar size with the same main cause include Madison County Sheltered Workshop ($801k), Scranton Lackawanna Resources Development Corporation ($801k) and Berkshire Grown Inc ($801k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 71% and program service revenue 27% of the total. Other salaries and wages came to $505k. It paid $68k in professional fundraising fees. At year end it held assets of $15k against liabilities of $147k, net assets of -$132k. It reported 22 employees.