Spare a Dime Inc

Analysis

Spare a Dime Inc is a registered charity in United States, based in Susanville, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Spare a Dime Inc reported income of $643k and spending of $637k, spending 99% of its income. Across the 6 years on record, from June 2017 to June 2022, income grew from $215k to $643k (+198%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Spare a Dime Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Billy Humphrey Ministries Inc ($643k), Christian Salvage Mission Inc ($643k) and Iglesia Cristiana LA Luz de Jesus ($642k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $300k. At year end it held assets of $382k against liabilities of $120k, net assets of $262k. It reported 10 employees.