Silverspoon Learning Center

Analysis

Silverspoon Learning Center is a registered charity in United States, based in Kathleen, GA. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Silverspoon Learning Center reported income of $540k and spending of $523k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $357k to $540k (+51%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silverspoon Learning Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Bethel Area District Exchange and Food Pantry ($540k), Mvsa VBC Inc ($540k) and Diocese of Ikot Ekpene Office for the Missions USA ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (13% of expenses). Other salaries and wages came to $172k. At year end it held assets of $17k against liabilities of $0, net assets of $17k. It reported 48 employees.