California Spectrum Care Inc

Analysis

California Spectrum Care Inc is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, California Spectrum Care Inc reported income of $3.2m and spending of $2.7m, spending 84% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.5m to $3.2m (+119%), an average of +22% a year. The sharpest change came in the year to April 2023, when income rose by 42%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, California Spectrum Care Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Galveston Urban Ministries ($3.2m), Solutions at Work Inc ($3.2m) and Project Independence ($3.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $340k (13% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.3m against liabilities of $234k, net assets of $1.0m. It reported 64 employees.