Spectrum Community Services Inc

Analysis

Spectrum Community Services Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in November 1971, 55 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 June 2024, Spectrum Community Services Inc reported income of $6.4m and spending of $6.1m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $5.3m to $6.4m (+20%), an average of +6.2% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spectrum Community Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Childrens Center of Cicero-Berwyn Inc ($6.4m), Grace Place for Children and Families Inc ($6.4m) and Second Chance Opportunities ($6.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $242k (4.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.1m against liabilities of $1.4m, net assets of $3.7m. It reported 68 employees.