Helen And Irving Spatz Foundation
Helen And Irving Spatz Foundation maintains stable assets and minimal liabilities with no reported officer compensation.
EIN: 136816200 · Hillsboro Bch, FL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $674K |
| Program Spending | 90% |
| Net Assets | $9.6M |
| Transparency Score | 85/100 |
Is Helen And Irving Spatz Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Helen And Irving Spatz Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Helen And Irving Spatz Foundation
Helen And Irving Spatz Foundation (EIN: 136816200) is a nonprofit organization based in Hillsboro Bch, FL. The organization reported total revenue of $3.9M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Helen And Irving Spatz Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Helen And Irving Spatz Foundation is a mid-size nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $694K |
| Total Expenses | $674K |
| Surplus / Deficit | +$20K |
| Total Assets | $9.6M |
| Total Liabilities | $1 |
| Net Assets | $9.6M |
| Operating Margin | 2.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 170.2 months |
Financial Health Grade: A
In 2023, Helen And Irving Spatz Foundation reported a surplus of $20K with revenue exceeding expenses, holds 170.2 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), Helen And Irving Spatz Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | -11.1% | +0.1% |
| 2022 | -10.8% | +11.1% | -0.9% |
| 2021 | -8.6% | +12.3% | +0.7% |
| 2020 | -53.3% | -1.4% | +2.3% |
| 2019 | +527.0% | +34.5% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Helen And Irving Spatz Foundation with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Helen And Irving Spatz Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive sign for directing funds to its mission.
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.
Red Flags
The following concerns were identified during AI analysis of Helen And Irving Spatz Foundation's IRS 990 filings:
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
- Consistent reporting of $1 in liabilities across all periods is an unusual accounting practice that warrants further scrutiny.
Strengths
The following positive indicators were identified for Helen And Irving Spatz Foundation:
- Consistent asset growth from $8.6 million in 2011 to $9.5 million in 2023, indicating strong financial management.
- Zero reported officer compensation across all filings, suggesting a high proportion of funds are available for charitable purposes.
- Minimal liabilities ($1 reported consistently), indicating very low financial risk and strong solvency.
- Expenses generally managed within or below revenue, contributing to financial stability and asset accumulation.
Frequently Asked Questions about Helen And Irving Spatz Foundation
Is Helen And Irving Spatz Foundation a legitimate charity?
Helen And Irving Spatz Foundation (EIN: 136816200) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.9M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Helen And Irving Spatz Foundation spend its money?
Helen And Irving Spatz Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Helen And Irving Spatz Foundation tax-deductible?
Helen And Irving Spatz Foundation is registered as a tax-exempt nonprofit (EIN: 136816200). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Helen And Irving Spatz Foundation located?
Helen And Irving Spatz Foundation is headquartered in Hillsboro Bch, Florida and files with the IRS under EIN 136816200.
How many years of IRS 990 filings does Helen And Irving Spatz Foundation have?
Helen And Irving Spatz Foundation has 10 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 $3.9M in total revenue.
What are the specific programs or grants funded by the Helen And Irving Spatz Foundation?
The provided data does not detail the specific programs or grants funded by the foundation. Further examination of the full IRS 990 forms would be necessary to understand its charitable activities.
Why are liabilities consistently reported as $1 across all filing periods?
The consistent reporting of $1 in liabilities is unusual for any organization. While it indicates extremely low debt, it might also suggest a simplified accounting practice for minor outstanding payables or a specific interpretation of reporting requirements for private foundations. A deeper dive into the financial statements would be needed to understand this anomaly.
How does the foundation manage its investments to achieve asset growth?
The provided data shows consistent asset growth from $8.6 million in 2011 to $9.5 million in 2023. However, the specific investment strategies or returns are not detailed in this summary. This information would typically be found in the investment schedules within the full 990 filing.
Filing History
IRS 990 filing history for Helen And Irving Spatz Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Helen And Irving Spatz Foundation's revenue has grown by 52.1%, moving from $456K to $694K. Total assets increased by 10.9% over the same period, from $8.6M to $9.6M. Total functional expenses rose by 40.7%, from $479K to $674K. In its most recent filing year (2023), Helen And Irving Spatz Foundation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1 in liabilities against $9.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $694K | $674K | $9.6M | $1 | — | View 990 |
| 2022 | $672K | $758K | $9.5M | $1 | — | View 990 |
| 2021 | $753K | $682K | $9.6M | $1 | — | — |
| 2020 | $824K | $607K | $9.6M | $1 | — | — |
| 2019 | $1.8M | $616K | $9.3M | $1 | — | View 990 |
| 2015 | $282K | $458K | $8.4M | $1 | — | View 990 |
| 2014 | $438K | $449K | $8.6M | $1 | — | View 990 |
| 2013 | $396K | $440K | $8.6M | $1 | — | View 990 |
| 2012 | $454K | $459K | $8.6M | $1 | — | View 990 |
| 2011 | $456K | $479K | $8.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $694K, expenses of $674K, and assets of $9.6M (revenue +3.3% year-over-year).
- 2022: Revenue of $672K, expenses of $758K, and assets of $9.5M (revenue -10.8% year-over-year).
- 2021: Revenue of $753K, expenses of $682K, and assets of $9.6M (revenue -8.6% year-over-year).
- 2020: Revenue of $824K, expenses of $607K, and assets of $9.6M (revenue -53.3% year-over-year).
- 2019: Revenue of $1.8M, expenses of $616K, and assets of $9.3M (revenue +527.0% year-over-year).
- 2015: Revenue of $282K, expenses of $458K, and assets of $8.4M (revenue -35.6% year-over-year).
- 2014: Revenue of $438K, expenses of $449K, and assets of $8.6M (revenue +10.5% year-over-year).
- 2013: Revenue of $396K, expenses of $440K, and assets of $8.6M (revenue -12.8% year-over-year).
- 2012: Revenue of $454K, expenses of $459K, and assets of $8.6M (revenue -0.5% year-over-year).
- 2011: Revenue of $456K, expenses of $479K, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Helen And Irving Spatz Foundation:
Data Sources and Methodology
This transparency report for Helen And Irving Spatz 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.