Friends Of Spannocchia
Friends Of Spannocchia shows strong recent revenue and asset growth with no reported officer compensation.
EIN: 20549816 · Portland, ME · NTEE: J22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $669K |
| Total Expenses | $492K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $310K |
| Transparency Score | 88/100 |
Is Friends Of Spannocchia Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Spannocchia directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Spannocchia
Friends Of Spannocchia (EIN: 20549816) is a nonprofit organization based in Portland, ME, classified under NTEE code J22. The organization reported total revenue of $669K and total assets of $464K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Spannocchia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Spannocchia is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $568K |
| Total Expenses | $492K |
| Surplus / Deficit | +$76K |
| Total Assets | $341K |
| Total Liabilities | $31K |
| Net Assets | $310K |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Friends Of Spannocchia reported a surplus of $76K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Spannocchia's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.5% | +46.7% | +35.1% |
| 2022 | +104.8% | +120.1% | +48.9% |
| 2021 | +4.7% | -27.2% | +51.7% |
| 2020 | -56.4% | -53.8% | -15.0% |
| 2019 | -0.4% | +5.1% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Spannocchia with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Spannocchia allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
Friends Of Spannocchia consistently reports 0% officer compensation across all 13 available filings, indicating that its leadership serves on a volunteer basis, which is highly commendable for an organization of its size with recent revenues exceeding $500,000.
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.
Strengths
The following positive indicators were identified for Friends Of Spannocchia:
- Consistent revenue growth, particularly from $200,159 in 2021 to $567,761 in 2023.
- Zero reported officer compensation across all 13 filings, indicating volunteer leadership.
- Significant increase in assets from $169,468 in 2021 to $340,920 in 2023, improving financial stability.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
- Positive net income in recent years (e.g., $76,015 surplus in 2023) contributing to asset growth.
Frequently Asked Questions about Friends Of Spannocchia
Is Friends Of Spannocchia a legitimate charity?
Friends Of Spannocchia (EIN: 20549816) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $669K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Friends Of Spannocchia spend its money?
Friends Of Spannocchia directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Spannocchia tax-deductible?
Friends Of Spannocchia is registered as a tax-exempt nonprofit (EIN: 20549816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Spannocchia CEO make?
Friends Of Spannocchia's highest-compensated officer earns $500,000. annually. The organization reported $669K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Spannocchia's spending goes to programs?
Friends Of Spannocchia directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Spannocchia compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Friends Of Spannocchia is above average for NTEE category J22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Spannocchia located?
Friends Of Spannocchia is headquartered in Portland, Maine and files with the IRS under EIN 20549816. It is classified under NTEE code J22.
How many years of IRS 990 filings does Friends Of Spannocchia have?
Friends Of Spannocchia has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $669K in total revenue.
Is Friends Of Spannocchia financially stable?
Yes, Friends Of Spannocchia appears financially stable, especially in recent years. Its assets have grown significantly from $169,468 in 2021 to $340,920 in 2023, and it has consistently generated more revenue than expenses in the last three periods, indicating a healthy financial position.
How does Friends Of Spannocchia manage executive compensation?
Friends Of Spannocchia reports 0% officer compensation across all available filings, meaning no salaries are paid to its officers. This suggests a volunteer-led executive team, which is a strong positive for directing funds to its mission.
Has Friends Of Spannocchia experienced revenue growth?
Yes, Friends Of Spannocchia has experienced significant revenue growth, particularly in recent years. Revenue increased from $200,159 in 2021 to $567,761 in 2023, demonstrating a strong upward trend.
Filing History
IRS 990 filing history for Friends Of Spannocchia showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Spannocchia's revenue has grown by 3.7%, moving from $547K to $568K. Total assets increased by 336.8% over the same period, from $78K to $341K. Total functional expenses fell by 16%, from $586K to $492K. In its most recent filing year (2023), Friends Of Spannocchia reported a surplus of $76K, with revenue exceeding expenses. The organization holds $31K in liabilities against $341K in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $310K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $568K | $492K | $341K | $31K | — | — |
| 2022 | $410K | $335K | $252K | $21K | — | View 990 |
| 2021 | $200K | $152K | $169K | $855 | — | — |
| 2020 | $191K | $209K | $112K | $0 | — | View 990 |
| 2019 | $439K | $453K | $131K | $8K | — | View 990 |
| 2018 | $440K | $431K | $132K | $3K | — | View 990 |
| 2017 | $441K | $486K | $128K | $3K | — | View 990 |
| 2016 | $490K | $432K | $165K | $2K | — | View 990 |
| 2015 | $387K | $372K | $84K | $14K | — | View 990 |
| 2014 | $466K | $469K | $72K | $17K | — | View 990 |
| 2013 | $458K | $433K | $66K | $8K | — | View 990 |
| 2012 | $420K | $464K | $47K | $14K | — | View 990 |
| 2011 | $547K | $586K | $78K | $885 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $568K, expenses of $492K, and assets of $341K (revenue +38.5% year-over-year).
- 2022: Revenue of $410K, expenses of $335K, and assets of $252K (revenue +104.8% year-over-year).
- 2021: Revenue of $200K, expenses of $152K, and assets of $169K (revenue +4.7% year-over-year).
- 2020: Revenue of $191K, expenses of $209K, and assets of $112K (revenue -56.4% year-over-year).
- 2019: Revenue of $439K, expenses of $453K, and assets of $131K (revenue -0.4% year-over-year).
- 2018: Revenue of $440K, expenses of $431K, and assets of $132K (revenue -0.1% year-over-year).
- 2017: Revenue of $441K, expenses of $486K, and assets of $128K (revenue -9.9% year-over-year).
- 2016: Revenue of $490K, expenses of $432K, and assets of $165K (revenue +26.5% year-over-year).
- 2015: Revenue of $387K, expenses of $372K, and assets of $84K (revenue -17.0% year-over-year).
- 2014: Revenue of $466K, expenses of $469K, and assets of $72K (revenue +1.8% year-over-year).
- 2013: Revenue of $458K, expenses of $433K, and assets of $66K (revenue +9.3% year-over-year).
- 2012: Revenue of $420K, expenses of $464K, and assets of $47K (revenue -23.3% year-over-year).
- 2011: Revenue of $547K, expenses of $586K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Spannocchia:
Data Sources and Methodology
This transparency report for Friends Of Spannocchia 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.