Spero

Analysis

Spero is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Spero reported income of $153k and spending of $152k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $153k (+41%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 118% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Spero sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Pataula Center for Children Inc ($153k), League of Women Voters of Michigan Education Fund ($153k) and Moveon Education Fund ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $16k against liabilities of $58, net assets of $16k.