Social Spin Foundation

Analysis

Social Spin Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 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 (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, Social Spin Foundation reported income of $460k and spending of $360k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $234k to $460k (+97%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Social Spin Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include The Childrens Policy Cooperative of Jefferson County ($460k), Stand in Peace International ($460k) and Ride Allegheny ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 145% of the total. Other salaries and wages came to $60k. At year end it held assets of $778k against liabilities of $515k, net assets of $264k.