Quick charity verification for Spin Inc (EIN: 208243914)
Verdict: Spin Inc appears trustworthy
90/100Mission Score
$188KRevenue
$101KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent IRS 990 filing history (13 filings) demonstrating transparency.
Significant asset growth from $3,132 in 2022 to $103,733 in 2023, indicating improved financial health.
0% reported officer compensation across all available filings, suggesting high efficiency in directing funds to mission.
Revenues generally exceeding expenses in recent periods (e.g., $167,769 revenue vs. $151,449 expenses in 2023), leading to surpluses.
Spending Breakdown
How Spin Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Spin Inc
Is Spin Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spin Inc (EIN: 208243914) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Spin Inc a good charity to donate to?
Spin Inc has a Mission Score of 90/100. Revenue: $188K. Assets: $101K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spin Inc?
The Employer Identification Number (EIN) for Spin Inc is 208243914. 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 Spin Inc spend its money?
Spin Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spin Inc's tax-exempt status?
You can verify Spin Inc's tax-exempt status using EIN 208243914 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
Spin Inc demonstrates a consistent operational history with revenues generally exceeding expenses in recent years, indicating sound financial management. For instance, in 2023, revenue was $167,769 against expenses of $151,449, resulting in a surplus. The organization's assets have shown significant growth, particularly from $3,132 in 2022 to $103,733 in 2023, suggesting improved financial stability. Transparency appears strong given the consistent filing of IRS 990s over 13 periods, and the reported 0% officer compensation across all available filings indicates a commitment to directing funds towards the mission rather than executive salaries. While specific program spending details are not provided in the summary, the overall financial health appears stable and improving.