Spirit 522 Inc

Analysis

Spirit 522 Inc is a registered charity in United States, based in Marshfield, MO. It received its IRS tax-exemption ruling in May 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, Spirit 522 Inc reported income of $780k and spending of $675k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $252k to $780k (+210%), an average of +210% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirit 522 Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within MO. Charities of a similar size with the same main cause include Mitchell Area Safehouse Inc ($780k), Warm Hearth Foundation Incorporated ($780k) and Special Kids Connect ($780k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $193k. At year end it held assets of $213k against liabilities of $64k, net assets of $150k. It reported 30 employees.