Finacial Security Products Association Fspa
EIN: 521014370 · Mebane, NC
Is Finacial Security Products Association Fspa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Finacial Security Products Association Fspa
Finacial Security Products Association Fspa (EIN: 521014370) is a nonprofit organization based in Mebane, NC. The organization reported total revenue of $302K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finacial Security Products Association Fspa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Finacial Security Products Association Fspa is a small nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $318K |
| Total Expenses | $320K |
| Surplus / Deficit | $-2,270 |
| Total Assets | $19K |
| Net Assets | $19K |
| Operating Margin | -0.7% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2024, Finacial Security Products Association Fspa reported a deficit of $2K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2011–2024), Finacial Security Products Association Fspa's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.5% | +5.7% | -10.5% |
| 2023 | -11.4% | +2.5% | -56.3% |
| 2022 | +7.9% | +0.2% | +44.5% |
| 2021 | +34.7% | +49.2% | -16.7% |
| 2020 | -30.9% | -33.1% | +66.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Finacial Security Products Association Fspa has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Finacial Security Products Association Fspa with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Frequently Asked Questions about Finacial Security Products Association Fspa
Is Finacial Security Products Association Fspa a legitimate charity?
Based on AI analysis of IRS 990 filings, Finacial Security Products Association Fspa (EIN: 521014370) insufficient data. 0 red flags identified, 0 strengths noted.
How does Finacial Security Products Association Fspa spend its money?
Detailed spending breakdown data is not yet available for Finacial Security Products Association Fspa. Check back for updated IRS 990 analysis.
Are donations to Finacial Security Products Association Fspa tax-deductible?
Finacial Security Products Association Fspa is registered as a tax-exempt nonprofit (EIN: 521014370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Finacial Security Products Association Fspa showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Finacial Security Products Association Fspa's revenue has grown by 25.3%, moving from $254K to $318K. Total assets decreased by 83.3% over the same period, from $115K to $19K. Total functional expenses rose by 28.7%, from $249K to $320K. In its most recent filing year (2024), Finacial Security Products Association Fspa reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $318K | $320K | $19K | $0 | — | — |
| 2023 | $276K | $303K | $22K | $0 | — | View 990 |
| 2022 | $311K | $296K | $49K | $0 | — | View 990 |
| 2021 | $288K | $295K | $34K | $0 | — | View 990 |
| 2020 | $214K | $198K | $41K | $0 | — | View 990 |
| 2019 | $310K | $296K | $25K | $0 | — | View 990 |
| 2018 | $304K | $312K | $11K | $0 | — | View 990 |
| 2017 | $297K | $298K | $18K | $0 | — | View 990 |
| 2016 | $308K | $317K | $20K | $0 | — | View 990 |
| 2015 | $303K | $353K | $29K | $0 | — | View 990 |
| 2014 | $242K | $246K | $78K | $0 | — | View 990 |
| 2013 | $262K | $295K | $83K | $0 | — | View 990 |
| 2012 | $276K | $274K | $115K | $0 | — | View 990 |
| 2011 | $254K | $249K | $115K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $318K, expenses of $320K, and assets of $19K (revenue +15.5% year-over-year).
- 2023: Revenue of $276K, expenses of $303K, and assets of $22K (revenue -11.4% year-over-year).
- 2022: Revenue of $311K, expenses of $296K, and assets of $49K (revenue +7.9% year-over-year).
- 2021: Revenue of $288K, expenses of $295K, and assets of $34K (revenue +34.7% year-over-year).
- 2020: Revenue of $214K, expenses of $198K, and assets of $41K (revenue -30.9% year-over-year).
- 2019: Revenue of $310K, expenses of $296K, and assets of $25K (revenue +1.9% year-over-year).
- 2018: Revenue of $304K, expenses of $312K, and assets of $11K (revenue +2.4% year-over-year).
- 2017: Revenue of $297K, expenses of $298K, and assets of $18K (revenue -3.7% year-over-year).
- 2016: Revenue of $308K, expenses of $317K, and assets of $20K (revenue +1.6% year-over-year).
- 2015: Revenue of $303K, expenses of $353K, and assets of $29K (revenue +25.5% year-over-year).
- 2014: Revenue of $242K, expenses of $246K, and assets of $78K (revenue -7.8% year-over-year).
- 2013: Revenue of $262K, expenses of $295K, and assets of $83K (revenue -5.1% year-over-year).
- 2012: Revenue of $276K, expenses of $274K, and assets of $115K (revenue +8.8% year-over-year).
- 2011: Revenue of $254K, expenses of $249K, and assets of $115K.
Data Sources and Methodology
This transparency report for Finacial Security Products Association Fspa 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.