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.