Spectrum Ministries Inc

Analysis

Spectrum Ministries Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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, Spectrum Ministries Inc reported income of $570k and spending of $389k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $570k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spectrum Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Oceana Senior Housing Corporation ($570k), Kwan Yin Meditation Temple Inc ($571k) and Open Door Food Pantry Inc ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $106k. At year end it held assets of $271k against liabilities of $68k, net assets of $204k. It reported 4 employees.