Is Spur Local Inc Legit?

Quick charity verification for Spur Local Inc (EIN: 205494704)

Verdict: Spur Local Inc appears trustworthy

75/100Mission Score

$1.2MRevenue

$634KAssets

3Red Flags

4Strengths

Red Flags

Consistent operational deficits (e.g., $175,294 in 202306) suggest potential reliance on reserves or unsustainable spending patterns.
Zero reported officer compensation for an organization of this size is highly unusual and may indicate an incomplete picture of leadership compensation or an unusual operational model.
Fluctuating asset levels (e.g., from $800,651 in 202106 to $416,040 in 202306) could indicate significant asset utilization or financial instability.

Strengths

Consistent IRS 990 filing history (13 filings) demonstrates strong transparency and compliance.
Zero reported officer compensation indicates a strong commitment to directing funds towards the mission rather than executive salaries.
Latest revenue of $1,189,765 shows growth and ability to attract significant funding.
NTEE code T19 suggests a focus on supporting the broader nonprofit sector, indicating a multiplier effect for its impact.

Spending Breakdown

How Spur Local 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

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 Spur Local Inc

Is Spur Local Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Spur Local Inc (EIN: 205494704) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Spur Local Inc a good charity to donate to?

Spur Local Inc has a Mission Score of 75/100. Revenue: $1.2M. Assets: $634K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Spur Local Inc?

The Employer Identification Number (EIN) for Spur Local Inc is 205494704. 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 Spur Local Inc spend its money?

Spur Local Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Spur Local Inc's tax-exempt status?

You can verify Spur Local Inc's tax-exempt status using EIN 205494704 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

Spur Local Inc, operating in Washington, DC, demonstrates a consistent operational history with revenues generally ranging between $700,000 and $900,000 in recent years, though the latest reported revenue is $1,189,765. The organization has frequently operated with expenses exceeding revenue, as seen in 202306 ($1,088,817 expenses vs. $913,523 revenue) and 202206 ($904,419 expenses vs. $788,767 revenue), indicating a reliance on prior year reserves or other funding sources to cover operational gaps. Despite these deficits, assets have remained relatively stable, with the latest reported assets at $634,148.

The organization's financial health shows some volatility, with periods of significant deficits. For instance, in 202306, expenses outpaced revenue by over $175,000. However, the absence of reported officer compensation across all available filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive indicator for spending efficiency. The NTEE code T19 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests a focus on supporting other nonprofits, which typically involves significant program spending in the form of grants or direct services to the sector.

Transparency appears to be strong given the consistent filing of IRS Form 990s over 13 periods and the explicit reporting of zero officer compensation. This level of detail allows for clear oversight of financial activities. While the consistent operating deficits warrant attention, the overall financial picture suggests an organization actively deploying its resources, potentially drawing down reserves in some periods to support its programmatic activities. Further analysis of the specific breakdown of expenses (program, administrative, fundraising) would provide a more complete picture of spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.