P โ€” Human ServicesEIN: 863103724ยท Ruling Year: 2021

Spectrum Growth Inc

Lorain, Ohio

B-Health Score
49B-

Financial Health Score

Provisional

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Average

๐Ÿ’ฐ
$5.5M
Total Revenue
๐Ÿ“Š
$5.2M
Total Expenses
๐Ÿฆ
$297K
Net Assets
๐Ÿ“‹
$57K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+24.4%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+5.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.06
Net assets divided by total expenses
Liabilities-to-Assets
16.0%
Total liabilities as % of total assets

Filing History

2 filings on record
YearRevenueExpensesAssets
2023$5,522,252โ†‘24%$5,238,751โ†‘18%$353,967โ†‘548%
2022$4,438,807$4,425,073$54,636

Frequently Asked Questions

What does Spectrum Growth Inc do?โ–ผ

Spectrum Growth Inc is a human services nonprofit organization based in Ohio. It is classified under NTEE code P20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Spectrum Growth Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Spectrum Growth Inc has a score of 49/100 (Grade: B-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Spectrum Growth Inc generate?โ–ผ

Spectrum Growth Inc reports $5.3M in annual revenue and holds $384K in total assets, based on IRS filings.

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Spectrum Growth Inc โ€” Lorain, OH | GiveScope