Quick charity verification for Spase Foundation (EIN: 203571354)
Verdict: Spase Foundation has notable concerns
30/100Mission Score
$108Revenue
$31KAssets
4Red Flags
2Strengths
Red Flags
Consistent decline in assets over a decade (from $95,265 to $31,100).
Expenses frequently exceed revenue, indicating reliance on asset drawdown (e.g., $660 expenses vs. $35 revenue in 202212).
Zero reported expenses in the latest filing (202312) makes it impossible to assess current operational activity or program delivery.
Unexplained constant liabilities of $12,206 across all reported periods.
Strengths
Consistent filing of IRS 990 forms, indicating compliance with reporting requirements.
No executive compensation reported, suggesting a volunteer-driven model or very low overhead for leadership.
Spending Breakdown
How Spase Foundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Spase Foundation
Is Spase Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spase Foundation (EIN: 203571354) has notable concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
Is Spase Foundation a good charity to donate to?
Spase Foundation has a Mission Score of 30/100. Revenue: $108. Assets: $31K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spase Foundation?
The Employer Identification Number (EIN) for Spase Foundation is 203571354. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Spase Foundation spend its money?
Spase Foundation allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spase Foundation's tax-exempt status?
You can verify Spase Foundation's tax-exempt status using EIN 203571354 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Spase Foundation appears to be a very small organization with minimal financial activity. In its latest filing (202312), it reported only $108 in revenue and $0 in expenses, with assets of $31,100. This suggests either a very limited operational scope or a period of dormancy. Historically, the organization has consistently reported very low revenues and expenses, often with expenses exceeding revenue, indicating a reliance on prior assets or external support not reflected in annual revenue figures. For example, in 202212, revenue was $35 against $660 in expenses, and in 202112, revenue was $3 against $2,115 in expenses.
The organization's financial health is difficult to assess definitively due to the extremely low transaction volumes. While assets have declined significantly over time (from $95,265 in 201312 to $31,100 in 202312), the liabilities have remained constant at $12,206 across all reported periods, which is unusual. The lack of reported expenses in the latest period makes it impossible to evaluate spending efficiency for 202312. In prior years, with expenses often far exceeding revenue, it suggests that the organization was drawing down its asset base to cover operational costs.
Transparency appears adequate in terms of filing the required IRS 990 forms. However, the minimal financial activity and lack of detailed expense breakdowns in the provided data make it challenging to understand the actual impact or programs of the foundation. The consistent reporting of 0% officer compensation across all filings indicates that no salaries are being paid to executives, which is common for very small, volunteer-run organizations.