Spy Hop Productions Inc

Analysis

Spy Hop Productions Inc is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 August 2023, Spy Hop Productions Inc reported income of $3.7m and spending of $2.8m, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.7m to $3.7m (-21%), an average of -5.6% a year. The sharpest change came in the year to August 2021, when income rose by 123%. Over the whole period it spent 52% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Spy Hop Productions Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Boys & Girls Club of Henderson Co Hendersonville Inc ($3.7m), Remember Nhu ($3.7m) and Boys & Girls Club of Merced County ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $113k (4.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $16.4m against liabilities of $1.9m, net assets of $14.6m. It reported 70 employees.