Mina H Sprague Up8 61974
Mina H Sprague Up8 61974 consistently spends more than it earns, drawing down assets.
EIN: 166172161 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $2K |
| Program Spending | 75% |
| Net Assets | $23K |
| Transparency Score | 45/100 |
Is Mina H Sprague Up8 61974 Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mina H Sprague Up8 61974 directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mina H Sprague Up8 61974
Mina H Sprague Up8 61974 (EIN: 166172161) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $7K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mina H Sprague Up8 61974's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mina H Sprague Up8 61974 is a micro nonprofit, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -21.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $192 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,798 |
| Total Assets | $23K |
| Total Liabilities | $1 |
| Net Assets | $23K |
| Operating Margin | -936.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 139.2 months |
Financial Health Grade: B
In 2020, Mina H Sprague Up8 61974 reported a deficit of $2K with expenses exceeding revenue, holds 139.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Mina H Sprague Up8 61974's revenue has declined at a compound annual growth rate (CAGR) of -21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -75.6% | +105.2% | -7.4% |
| 2015 | -156.9% | +13.9% | -8.5% |
| 2014 | +11.9% | -4.2% | -0.2% |
| 2013 | -46.7% | -24.5% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Mina H Sprague Up8 61974 with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Mina H Sprague Up8 61974 allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all seven available filings, suggesting a volunteer-led organization or that compensation is below reporting thresholds, which is common for very small nonprofits.
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 Mina H Sprague Up8 61974's IRS 990 filings:
- Consistent net losses: Expenses have exceeded revenue in most reported periods (e.g., $192 revenue vs. $1,990 expenses in 2020).
- Declining asset base: Total assets have decreased from $25,605 in 2012 to $23,088 in 2020, indicating a draw-down of reserves.
- Negative revenue reported in one period ($-729 in 2015), which is unusual and warrants further investigation.
Strengths
The following positive indicators were identified for Mina H Sprague Up8 61974:
- Low liabilities: The organization consistently reports minimal to zero liabilities, indicating good financial management in terms of debt.
- No reported officer compensation: This suggests a volunteer-driven model or very modest operational costs for leadership.
- Consistent filing history: Seven 990 filings are available, indicating a commitment to transparency through regular reporting.
Frequently Asked Questions about Mina H Sprague Up8 61974
Is Mina H Sprague Up8 61974 a legitimate charity?
Mina H Sprague Up8 61974 (EIN: 166172161) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 45/100. It has 7 years of IRS 990 filings on record. Total revenue: $7K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Mina H Sprague Up8 61974 spend its money?
Mina H Sprague Up8 61974 directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Mina H Sprague Up8 61974 tax-deductible?
Mina H Sprague Up8 61974 is registered as a tax-exempt nonprofit (EIN: 166172161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mina H Sprague Up8 61974's spending goes to programs?
Mina H Sprague Up8 61974 directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mina H Sprague Up8 61974 located?
Mina H Sprague Up8 61974 is headquartered in Providence, Rhode Island and files with the IRS under EIN 166172161.
How many years of IRS 990 filings does Mina H Sprague Up8 61974 have?
Mina H Sprague Up8 61974 has 7 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 $7K in total revenue.
Is Mina H Sprague Up8 61974 financially sustainable?
Based on the provided data, the organization has consistently reported expenses exceeding revenue in most periods, leading to a decline in assets from $25,605 in 2012 to $23,088 in 2020. This trend suggests potential long-term sustainability challenges if not addressed.
What is the primary purpose or program of this organization?
The NTEE code is unknown, and the provided financial data does not offer details on the nature of its programs or mission, making it difficult to ascertain its primary purpose.
How does the organization cover its consistent deficits?
The consistent deficits appear to be covered by drawing down its existing assets, as evidenced by the decrease in total assets over the years while liabilities remain minimal.
Filing History
IRS 990 filing history for Mina H Sprague Up8 61974 showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Mina H Sprague Up8 61974's revenue has declined by 88.4%, moving from $2K to $192. Total assets decreased by 8.9% over the same period, from $25K to $23K. Total functional expenses fell by 29.8%, from $3K to $2K. In its most recent filing year (2020), Mina H Sprague Up8 61974 reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $23K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $192 | $2K | $23K | $1 | — | View 990 |
| 2019 | $788 | $970 | $25K | $0 | — | View 990 |
| 2015 | $-729 | $2K | $23K | $0 | — | View 990 |
| 2014 | $1K | $1K | $25K | $0 | — | View 990 |
| 2013 | $1K | $1K | $25K | $0 | — | View 990 |
| 2012 | $2K | $2K | $26K | $0 | — | View 990 |
| 2011 | $2K | $3K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $192, expenses of $2K, and assets of $23K (revenue -75.6% year-over-year).
- 2019: Revenue of $788, expenses of $970, and assets of $25K.
- 2015: Revenue of $-729, expenses of $2K, and assets of $23K (revenue -156.9% year-over-year).
- 2014: Revenue of $1K, expenses of $1K, and assets of $25K (revenue +11.9% year-over-year).
- 2013: Revenue of $1K, expenses of $1K, and assets of $25K (revenue -46.7% year-over-year).
- 2012: Revenue of $2K, expenses of $2K, and assets of $26K (revenue +29.7% year-over-year).
- 2011: Revenue of $2K, expenses of $3K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mina H Sprague Up8 61974:
Data Sources and Methodology
This transparency report for Mina H Sprague Up8 61974 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.