Carson J Spencer Foundation
Carson J Spencer Foundation experiences significant revenue and expense fluctuations, with a notable deficit in 2015.
EIN: 202545226 · Littleton, CO · Updated: 2026-03-28
Is Carson J Spencer Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carson J Spencer Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carson J Spencer Foundation
Carson J Spencer Foundation (EIN: 202545226) is a nonprofit organization based in Littleton, CO. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carson J Spencer Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carson J Spencer Foundation is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -20.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $198K |
| Total Expenses | $511K |
| Surplus / Deficit | $-313,365 |
| Total Assets | $323K |
| Total Liabilities | $93K |
| Net Assets | $229K |
| Operating Margin | -158.5% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 7.6 months |
Financial Health Grade: B
In 2015, Carson J Spencer Foundation reported a deficit of $313K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 5 years of filings (2011–2015), Carson J Spencer Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -80.4% | -24.2% | -43.6% |
| 2014 | +165.4% | +14.2% | +133.4% |
| 2013 | -40.6% | +4.2% | -45.9% |
| 2012 | +28.0% | +163.4% | +20.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carson J Spencer Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Carson J Spencer Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $313K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly favorable for an organization of its size and revenue levels.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carson J Spencer Foundation's IRS 990 filings:
- Significant deficit in 2015 ($197,683 revenue vs. $511,048 expenses)
- Extreme fluctuation in annual revenue (e.g., $1,006,040 in 2014 to $197,683 in 2015)
- Latest reported revenue and assets are $0, indicating potential operational issues or cessation.
Strengths
The following positive indicators were identified for Carson J Spencer Foundation:
- No officer compensation reported across all filings, indicating efficient use of funds in this area.
- Strong revenue generation in certain years (e.g., $1,006,040 in 2014).
Frequently Asked Questions about Carson J Spencer Foundation
Is Carson J Spencer Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Carson J Spencer Foundation (EIN: 202545226) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Carson J Spencer Foundation spend its money?
Carson J Spencer Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carson J Spencer Foundation tax-deductible?
Carson J Spencer Foundation is registered as a tax-exempt nonprofit (EIN: 202545226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant drop in revenue and increase in expenses in 2015?
The provided data shows revenue decreased from $1,006,040 in 2014 to $197,683 in 2015, while expenses increased from $674,041 to $511,048 in the same period. Further detailed financial statements would be needed to understand the specific reasons for these changes.
How does the organization plan to address the deficit incurred in 2015?
The 2015 filing shows expenses of $511,048 against revenue of $197,683, resulting in a substantial deficit. The organization's subsequent financial strategies are not discernible from the provided data.
What is the current financial status given the latest revenue and assets are reported as $0?
The latest provided data indicates $0 for both revenue and assets, which is a critical concern. This could suggest a cessation of operations, a reporting error, or a significant change in financial standing not reflected in the historical filings. Further investigation into the most recent filings or public records would be necessary.
Filing History
IRS 990 filing history for Carson J Spencer Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Carson J Spencer Foundation's revenue has declined by 60.4%, moving from $499K to $198K. Total assets decreased by 14.1% over the same period, from $376K to $323K. Total functional expenses rose by 137.7%, from $215K to $511K. In its most recent filing year (2015), Carson J Spencer Foundation reported a deficit of $313K, with expenses exceeding revenue. The organization holds $93K in liabilities against $323K in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $229K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $198K | $511K | $323K | $93K | — | View 990 |
| 2014 | $1.0M | $674K | $572K | $29K | — | View 990 |
| 2013 | $379K | $590K | $245K | $34K | — | View 990 |
| 2012 | $638K | $566K | $453K | $31K | — | View 990 |
| 2011 | $499K | $215K | $376K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $198K, expenses of $511K, and assets of $323K (revenue -80.4% year-over-year).
- 2014: Revenue of $1.0M, expenses of $674K, and assets of $572K (revenue +165.4% year-over-year).
- 2013: Revenue of $379K, expenses of $590K, and assets of $245K (revenue -40.6% year-over-year).
- 2012: Revenue of $638K, expenses of $566K, and assets of $453K (revenue +28.0% year-over-year).
- 2011: Revenue of $499K, expenses of $215K, and assets of $376K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carson J Spencer Foundation:
Data Sources and Methodology
This transparency report for Carson J Spencer Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.