Giving Spoon Inc
EIN: 301140746 · Bryson City, NC · NTEE: K30
Is Giving Spoon Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Giving Spoon Inc
Giving Spoon Inc (EIN: 301140746) is a nonprofit organization based in Bryson City, NC, classified under NTEE code K30. The organization reported total revenue of $219K and total assets of $112K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Giving Spoon Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Giving Spoon Inc is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of 22.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $184K |
| Surplus / Deficit | +$35K |
| Total Assets | $112K |
| Total Liabilities | $4K |
| Net Assets | $108K |
| Operating Margin | 15.9% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2022, Giving Spoon Inc reported a surplus of $35K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 3 years of filings (2020–2022), Giving Spoon Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +120.0% | +55.1% | +47.9% |
| 2021 | -31.5% | +75.0% | -20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Giving Spoon Inc 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 Giving Spoon Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Giving Spoon Inc
Is Giving Spoon Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Giving Spoon Inc (EIN: 301140746) insufficient data. 0 red flags identified, 0 strengths noted.
How does Giving Spoon Inc spend its money?
Detailed spending breakdown data is not yet available for Giving Spoon Inc. Check back for updated IRS 990 analysis.
Are donations to Giving Spoon Inc tax-deductible?
Giving Spoon Inc is registered as a tax-exempt nonprofit (EIN: 301140746). 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 Giving Spoon Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Giving Spoon Inc's revenue has grown by 50.8%, moving from $145K to $219K. Total assets increased by 17.2% over the same period, from $96K to $112K. Total functional expenses rose by 171.5%, from $68K to $184K. In its most recent filing year (2022), Giving Spoon Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $4K in liabilities against $112K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $108K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $219K | $184K | $112K | $4K | — | — |
| 2021 | $100K | $119K | $76K | $3K | — | View 990 |
| 2020 | $145K | $68K | $96K | $3K | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $219K, expenses of $184K, and assets of $112K (revenue +120.0% year-over-year).
- 2021: Revenue of $100K, expenses of $119K, and assets of $76K (revenue -31.5% year-over-year).
- 2020: Revenue of $145K, expenses of $68K, and assets of $96K.
Data Sources and Methodology
This transparency report for Giving Spoon Inc 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.