Spero Recovery Inc

Analysis

Spero Recovery Inc is a registered charity in United States, based in Evergreen, CO. It received its IRS tax-exemption ruling in March 2017, 9 years ago. 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 December 2023, Spero Recovery Inc reported income of $1.2m and spending of $1.5m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $758k to $1.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spero Recovery 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 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include One Thousand Southern Artery Senior Citizens Center Inc ($1.2m), Pilots for Christ International ($1.2m) and Potrero Hill Neighborhood House Incorporated ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $262k (17% of expenses). Other salaries and wages came to $354k. At year end it held assets of $953k against liabilities of $1.0m, net assets of -$97k. It reported 19 employees.