Quick charity verification for Spiritworks Foundation (EIN: 202129080)
Verdict: Spiritworks Foundation appears trustworthy
85/100Mission Score
$240KRevenue
$38KAssets
2Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in the most recent filing (202312), leading to a significant decrease in assets.
Fluctuating revenue streams and occasional deficits could pose long-term financial stability challenges if not managed effectively.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Long operational history with 13 IRS 990 filings, demonstrating sustained commitment.
Ability to recover from previous periods of deficit spending, as seen in earlier financial cycles.
Spending Breakdown
How Spiritworks Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Spiritworks Foundation
Is Spiritworks Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spiritworks Foundation (EIN: 202129080) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Spiritworks Foundation a good charity to donate to?
Spiritworks Foundation has a Mission Score of 85/100. Revenue: $240K. Assets: $38K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spiritworks Foundation?
The Employer Identification Number (EIN) for Spiritworks Foundation is 202129080. 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 Spiritworks Foundation spend its money?
Spiritworks Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spiritworks Foundation's tax-exempt status?
You can verify Spiritworks Foundation's tax-exempt status using EIN 202129080 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
Spiritworks Foundation demonstrates a generally stable financial history, though recent filings show some fluctuations. In 2023, the organization reported expenses exceeding revenue by approximately $69,430 ($288,141 expenses vs. $218,711 revenue), leading to a decrease in assets from $132,859 in 2022 to $64,447. This trend of expenses occasionally outpacing revenue has been observed in previous years as well, such as in 2020 and 2016. However, the organization has also shown periods of strong revenue generation and asset growth, peaking in 2019 with $376,120 in revenue and $169,744 in assets. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards programs rather than executive salaries, which is a positive sign for spending efficiency and transparency. The relatively low asset base compared to annual revenue suggests that the organization operates with a lean financial structure, relying on consistent fundraising to cover its operational costs.