Spc4life

Analysis

Spc4life is a registered charity in United States, based in Lawrenceville, VA. It received its IRS tax-exemption ruling in May 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spc4life reported income of $89k and spending of $66k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $196k to $89k (-55%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 27% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Spc4life 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 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Three Crowns Foundation ($89k), Palo Alto Forward ($89k) and Proyecto Vida Digna ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $408k against liabilities of $0, net assets of $408k.