Speravita Institute

Analysis

Speravita Institute is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 2020, 6 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 December 2023, Speravita Institute reported income of $271k and spending of $350k, spending 129% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $263k to $271k (+2.8%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 26%. 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, Speravita Institute sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NE. Charities of a similar size with the same main cause include Audubon County Early Childhood Organization ($271k), Child Advocacy Center of Andersoncounty Tennessee Inc ($271k) and New Life Community Outreach ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $83k (24% of expenses). Other salaries and wages came to $111k. At year end it held assets of $166k against liabilities of $55k, net assets of $110k. It reported 7 employees.