Is Spednic Club Inc Legit?

Spending Breakdown

How Spednic Club Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Spednic Club Inc

Is Spednic Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Spednic Club Inc (EIN: 10243451) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Spednic Club Inc a good charity to donate to?

Spednic Club Inc has a Mission Score of 65/100. Revenue: $194K. Assets: $9K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Spednic Club Inc?

The Employer Identification Number (EIN) for Spednic Club Inc is 10243451. 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 Spednic Club Inc spend its money?

Spednic Club Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Spednic Club Inc's tax-exempt status?

You can verify Spednic Club Inc's tax-exempt status using EIN 10243451 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

Spednic Club Inc. demonstrates a consistent operational pattern with revenues generally outpacing expenses in recent years, as seen in 201804 ($90,739 revenue vs. $87,759 expenses) and 201704 ($69,739 revenue vs. $68,166 expenses). However, the organization has historically operated with significant liabilities, such as $39,564 in 201904 against assets of $8,511, indicating a potentially precarious financial position where liabilities far exceed assets. This suggests a reliance on external funding or short-term financing to cover operational costs.

The organization's financial health appears to be improving in terms of revenue generation, with the latest reported revenue at $193,659, a substantial increase from previous years. However, the low asset base of $8,511 relative to its revenue and historical liabilities raises concerns about its long-term financial stability and ability to withstand unexpected financial shocks. Without detailed expense breakdowns, it's challenging to fully assess spending efficiency, but the consistent operational deficits in earlier years (e.g., 201104, 201204, 201304, 201504, 201604, 201904) suggest a need for tighter financial management or increased revenue streams to achieve sustainable operations. The absence of officer compensation reported across all filings indicates a volunteer-driven leadership, which can be a positive for program efficiency but also raises questions about professional management capacity.

Transparency is moderately good given the availability of multiple years of 990 filings. However, the lack of detailed expense categories (program, administrative, fundraising) in the provided data limits a comprehensive assessment of spending efficiency. The consistent reporting of zero officer compensation is a transparent aspect, indicating that leadership is not drawing salaries from the organization. The significant liabilities relative to assets, however, warrant further investigation to understand their nature and the organization's plan to address them.

Verdict: Spednic Club Inc shows mixed signals

Red Flags

Strengths