Spectrum Healthcare Group Inc

Analysis

Spectrum Healthcare Group Inc is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in January 1967, 59 years ago. 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 September 2023, Spectrum Healthcare Group Inc reported income of $30.9m and spending of $34.3m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $23.3m to $30.9m (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spectrum Healthcare Group Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Resthaven ($30.9m), Multi-State Lottery Association ($30.9m) and Lutheran Social Service of Colorado ($30.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $561k (1.6% of expenses). Other salaries and wages came to $19.8m. At year end it held assets of $16.9m against liabilities of $7.9m, net assets of $9.0m. It reported 489 employees.