Spread Spencers Sparkle Inc

Analysis

Spread Spencers Sparkle Inc is a registered charity in United States, based in Englewood, FL. It received its IRS tax-exemption ruling in January 2022, 4 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, Spread Spencers Sparkle Inc reported income of $74k and spending of $53k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $74k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spread Spencers Sparkle 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 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Old Dominion Professional Firefighters Burn Foundation ($74k), Society of St Vincent de Paul Council of Northern Kentucky ($74k) and Chinese Culture & Art Heritage Foundation ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.