Generation Spirit
EIN: 264572980 · Coralville, IA · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $126K |
| Net Assets | $30K |
Is Generation Spirit Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Generation Spirit
Generation Spirit (EIN: 264572980) is a nonprofit organization based in Coralville, IA, classified under NTEE code P80. The organization reported total revenue of $1K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Generation Spirit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Generation Spirit is a micro nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $126K |
| Surplus / Deficit | +$1K |
| Total Assets | $30K |
| Net Assets | $30K |
| Operating Margin | 1.1% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2024, Generation Spirit reported a surplus of $1K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2013–2024), Generation Spirit's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -26.5% | -18.8% | +12.3% |
| 2023 | +43.1% | +10.2% | +204.2% |
| 2022 | +77.6% | +29.7% | -69.0% |
| 2021 | -43.7% | -16.3% | -58.5% |
| 2020 | +87.8% | +384.8% | -12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Generation Spirit 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 Generation Spirit 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 surplus of $1K, with revenue exceeding expenses.
Frequently Asked Questions about Generation Spirit
Is Generation Spirit a legitimate charity?
Based on AI analysis of IRS 990 filings, Generation Spirit (EIN: 264572980) insufficient data. 0 red flags identified, 0 strengths noted.
How does Generation Spirit spend its money?
Detailed spending breakdown data is not yet available for Generation Spirit. Check back for updated IRS 990 analysis.
Are donations to Generation Spirit tax-deductible?
Generation Spirit is registered as a tax-exempt nonprofit (EIN: 264572980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Generation Spirit located?
Generation Spirit is headquartered in Coralville, Iowa and files with the IRS under EIN 264572980. It is classified under NTEE code P80.
How many years of IRS 990 filings does Generation Spirit have?
Generation Spirit has 12 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 $1K in total revenue.
Filing History
IRS 990 filing history for Generation Spirit showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Generation Spirit's revenue has grown by 116.1%, moving from $59K to $127K. Total assets decreased by 27.5% over the same period, from $42K to $30K. Total functional expenses rose by 120.4%, from $57K to $126K. In its most recent filing year (2024), Generation Spirit reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $127K | $126K | $30K | $0 | — | — |
| 2023 | $173K | $155K | $27K | $0 | — | View 990 |
| 2022 | $121K | $141K | $9K | $0 | — | View 990 |
| 2021 | $68K | $109K | $29K | $0 | — | View 990 |
| 2020 | $121K | $130K | $69K | $0 | — | View 990 |
| 2019 | $64K | $27K | $79K | $0 | — | View 990 |
| 2018 | $96K | $112K | $42K | $0 | — | View 990 |
| 2017 | $70K | $101K | $58K | $0 | — | View 990 |
| 2016 | $159K | $105K | $86K | $0 | — | View 990 |
| 2015 | $86K | $79K | $32K | $0 | — | View 990 |
| 2014 | $44K | $62K | $25K | $0 | — | View 990 |
| 2013 | $59K | $57K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $127K, expenses of $126K, and assets of $30K (revenue -26.5% year-over-year).
- 2023: Revenue of $173K, expenses of $155K, and assets of $27K (revenue +43.1% year-over-year).
- 2022: Revenue of $121K, expenses of $141K, and assets of $9K (revenue +77.6% year-over-year).
- 2021: Revenue of $68K, expenses of $109K, and assets of $29K (revenue -43.7% year-over-year).
- 2020: Revenue of $121K, expenses of $130K, and assets of $69K (revenue +87.8% year-over-year).
- 2019: Revenue of $64K, expenses of $27K, and assets of $79K (revenue -32.5% year-over-year).
- 2018: Revenue of $96K, expenses of $112K, and assets of $42K (revenue +35.8% year-over-year).
- 2017: Revenue of $70K, expenses of $101K, and assets of $58K (revenue -55.7% year-over-year).
- 2016: Revenue of $159K, expenses of $105K, and assets of $86K (revenue +83.8% year-over-year).
- 2015: Revenue of $86K, expenses of $79K, and assets of $32K (revenue +94.6% year-over-year).
- 2014: Revenue of $44K, expenses of $62K, and assets of $25K (revenue -24.7% year-over-year).
- 2013: Revenue of $59K, expenses of $57K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Generation Spirit:
Data Sources and Methodology
This transparency report for Generation Spirit 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.