Spur Impact Association

Analysis

Spur Impact Association is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Spur Impact Association reported income of $2.6m and spending of $2.3m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $376k to $2.6m (+584%), an average of +62% a year. The sharpest change came in the year to September 2021, when income rose by 763%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Spur Impact Association 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 88th percentile, and in the 87th percentile within DE. Charities of a similar size with the same main cause include Northeast Community Innovation Corp ($2.6m), Research Park Corporation ($2.6m) and Mandela Partners ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $106k (4.7% of expenses). Other salaries and wages came to $36k. At year end it held assets of $482k against liabilities of $146k, net assets of $336k. It reported 2 employees.