Spivak Educational Center Inc

Analysis

Spivak Educational Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Spivak Educational Center Inc reported income of $1.6m and spending of $1.3m, spending 84% of its income. Across the 6 years on record, from December 2016 to December 2021, income grew from $1.3m to $1.6m (+24%), an average of +4.5% a year. The sharpest change came in the year to December 2019, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spivak Educational Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Emmanuel Christian Academy of Kingman ($1.6m), Organized Parents Make a Difference Inc ($1.6m) and Kids Hope USA Inc ($1.6m).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $50k (3.7% of expenses). Other salaries and wages came to $903k. At year end it held assets of $706k against liabilities of $190, net assets of $706k.