Bring on the Spectrum Inc

Analysis

Bring on the Spectrum Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 2021, 5 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, Bring on the Spectrum Inc reported income of $344k and spending of $183k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $76k to $344k (+355%), an average of +113% a year. The sharpest change came in the year to December 2022, when income rose by 208%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bring on the Spectrum Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Beth Gavriel DCC Inc ($344k), Association of Amputee Surfers ($344k) and Only Kindness Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $32k (17% of expenses). Other salaries and wages came to $9,599. At year end it held assets of $471k against liabilities of $151k, net assets of $320k. It reported 4 employees.