Scott Spino Foundation Inc

Analysis

Scott Spino Foundation Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 2005, 21 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 December 2023, Scott Spino Foundation Inc reported income of $65k and spending of $47k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $65k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scott Spino Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Friends of the Wells-Turner Mem Library Inc ($65k), PTA California Congress of Parents Teachers & Students Inc ($65k) and Rbi Academy ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $211k against liabilities of $153, net assets of $211k.