Spedacts Inc

Analysis

Spedacts Inc is a registered charity in United States, based in Zionsville, IN. It received its IRS tax-exemption ruling in September 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Spedacts Inc reported income of $160k and spending of $184k, spending 115% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income grew from $20k to $160k (+680%), an average of +680% a year. The sharpest change came in the year to December 2023, when income rose by 680%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spedacts Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include Keepers of the Flame Foundation ($160k), Friends Foundation of the Birmingham Public Library ($160k) and Bloomfield Educational Foundation Incorporated ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 28% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.