Gregory T Spagnoletti Memorial Foundation
EIN: 61633779 · Plantsville, CT · NTEE: T22
Is Gregory T Spagnoletti Memorial Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gregory T Spagnoletti Memorial Foundation
Gregory T Spagnoletti Memorial Foundation (EIN: 61633779) is a nonprofit organization based in Plantsville, CT, classified under NTEE code T22. The organization reported total revenue of $217K and total assets of $408K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gregory T Spagnoletti Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gregory T Spagnoletti Memorial Foundation is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $74K |
| Surplus / Deficit | +$18K |
| Total Assets | $243K |
| Total Liabilities | $1 |
| Net Assets | $243K |
| Operating Margin | 19.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 39.6 months |
Financial Health Grade: A
In 2023, Gregory T Spagnoletti Memorial Foundation reported a surplus of $18K with revenue exceeding expenses, holds 39.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gregory T Spagnoletti Memorial Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +18.0% | +7.8% |
| 2022 | +7.9% | -29.9% | +12.6% |
| 2021 | +10052.7% | +62.2% | -3.7% |
| 2020 | -98.8% | +20.5% | -20.7% |
| 2019 | -7.7% | -32.8% | +49.8% |
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 Analysis Pending
AI enrichment for Gregory T Spagnoletti Memorial Foundation 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 Gregory T Spagnoletti Memorial Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Gregory T Spagnoletti Memorial Foundation
Is Gregory T Spagnoletti Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gregory T Spagnoletti Memorial Foundation (EIN: 61633779) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gregory T Spagnoletti Memorial Foundation spend its money?
Detailed spending breakdown data is not yet available for Gregory T Spagnoletti Memorial Foundation. Check back for updated IRS 990 analysis.
Are donations to Gregory T Spagnoletti Memorial Foundation tax-deductible?
Gregory T Spagnoletti Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 61633779). 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 Gregory T Spagnoletti Memorial Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gregory T Spagnoletti Memorial Foundation's revenue has declined by 9.2%, moving from $101K to $91K. Total assets increased by 7.3% over the same period, from $227K to $243K. Total functional expenses fell by 28.5%, from $103K to $74K. In its most recent filing year (2023), Gregory T Spagnoletti Memorial Foundation reported a surplus of $18K, with revenue exceeding expenses. The organization holds $1 in liabilities against $243K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $243K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $74K | $243K | $1 | — | — |
| 2022 | $88K | $63K | $226K | $1 | — | View 990 |
| 2021 | $81K | $89K | $200K | $1 | — | View 990 |
| 2020 | $802 | $55K | $208K | $1 | — | — |
| 2019 | $69K | $46K | $262K | $1 | — | — |
| 2015 | $75K | $68K | $175K | $1 | — | View 990 |
| 2014 | $72K | $91K | $168K | $1 | — | View 990 |
| 2013 | $73K | $36K | $186K | $1 | — | View 990 |
| 2012 | $94K | $171K | $150K | $0 | — | View 990 |
| 2011 | $101K | $103K | $227K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $74K, and assets of $243K (revenue +4.1% year-over-year).
- 2022: Revenue of $88K, expenses of $63K, and assets of $226K (revenue +7.9% year-over-year).
- 2021: Revenue of $81K, expenses of $89K, and assets of $200K (revenue +10052.7% year-over-year).
- 2020: Revenue of $802, expenses of $55K, and assets of $208K (revenue -98.8% year-over-year).
- 2019: Revenue of $69K, expenses of $46K, and assets of $262K (revenue -7.7% year-over-year).
- 2015: Revenue of $75K, expenses of $68K, and assets of $175K (revenue +3.1% year-over-year).
- 2014: Revenue of $72K, expenses of $91K, and assets of $168K (revenue -1.2% year-over-year).
- 2013: Revenue of $73K, expenses of $36K, and assets of $186K (revenue -21.8% year-over-year).
- 2012: Revenue of $94K, expenses of $171K, and assets of $150K (revenue -6.8% year-over-year).
- 2011: Revenue of $101K, expenses of $103K, and assets of $227K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gregory T Spagnoletti Memorial Foundation:
Data Sources and Methodology
This transparency report for Gregory T Spagnoletti Memorial 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.