Spellbound Community Giving Corp

Analysis

Spellbound Community Giving Corp is a registered charity in United States, based in Mount Holly, NJ. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Spellbound Community Giving Corp reported income of $70k and spending of $62k, spending 89% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $90k to $70k (-23%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spellbound Community Giving Corp sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include St Charles County Paramedic Association Community Outreach ($70k), Sunbelt Rentals Employee Relief Fund ($70k) and Kindersun LLC ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 159% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.