N The Spirit Inc
N The Spirit Inc shows strong financial growth and zero executive compensation over the past decade.
EIN: 20561589 · Chicago, IL · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $472K |
| Total Expenses | $400K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $532,842 |
| Net Assets | $290K |
| Transparency Score | 92/100 |
Is N The Spirit Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
N The Spirit Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About N The Spirit Inc
N The Spirit Inc (EIN: 20561589) is a nonprofit organization based in Chicago, IL, classified under NTEE code L20. The organization reported total revenue of $472K and total assets of $301K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of N The Spirit Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
N The Spirit Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $533K |
| Total Expenses | $400K |
| Surplus / Deficit | +$133K |
| Total Assets | $290K |
| Net Assets | $290K |
| Operating Margin | 24.9% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2023, N The Spirit Inc reported a surplus of $133K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), N The Spirit Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.2% | +18.7% | +80.6% |
| 2022 | +38.9% | +12.5% | -6.0% |
| 2021 | -3.4% | +27.4% | -9.4% |
| 2020 | +37.0% | +21.3% | +475.5% |
| 2019 | +9.3% | +0.4% | +169.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 N The Spirit Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, N The Spirit Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $133K, with revenue exceeding expenses.
Executive Compensation Analysis
N The Spirit Inc consistently reports 0% officer compensation across all 13 available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue ($532,842 in 2023). This suggests a volunteer-led model or that compensation is reported under other expense categories, though the former is more likely given the consistent zero reporting.
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 N The Spirit Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in summary data, making precise efficiency calculations difficult without full 990 access.
Strengths
The following positive indicators were identified for N The Spirit Inc:
- Consistent revenue growth, from $108,369 in 2014 to $532,842 in 2023.
- Healthy financial surpluses, with revenue exceeding expenses (e.g., $532,842 revenue vs. $399,947 expenses in 2023).
- Significant asset growth, increasing from $8,272 in 2014 to $289,574 in 2023.
- 0% officer compensation reported across all 13 filings, indicating a strong commitment to mission-focused spending.
- No liabilities reported in the most recent filing (2023), indicating a strong balance sheet.
Frequently Asked Questions about N The Spirit Inc
Is N The Spirit Inc a legitimate charity?
N The Spirit Inc (EIN: 20561589) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $472K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does N The Spirit Inc spend its money?
N The Spirit Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to N The Spirit Inc tax-deductible?
N The Spirit Inc is registered as a tax-exempt nonprofit (EIN: 20561589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the N The Spirit Inc CEO make?
N The Spirit Inc's highest-compensated officer earns $532,842 annually. The organization reported $472K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of N The Spirit Inc's spending goes to programs?
N The Spirit Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does N The Spirit Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), N The Spirit Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is N The Spirit Inc located?
N The Spirit Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 20561589. It is classified under NTEE code L20.
How many years of IRS 990 filings does N The Spirit Inc have?
N The Spirit Inc has 13 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 $472K in total revenue.
Is N The Spirit Inc a good charity?
Based on the provided financial data, N The Spirit Inc appears to be a financially healthy and well-managed charity. It consistently generates surpluses, has growing assets, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has N The Spirit Inc's financial health changed over time?
N The Spirit Inc has shown significant financial improvement and growth over the past decade. Revenue has increased from $108,369 in 2014 to $532,842 in 2023, and assets have grown substantially from $8,272 in 2014 to $289,574 in 2023, demonstrating robust financial health and expansion.
What is N The Spirit Inc's approach to executive compensation?
N The Spirit Inc reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership model where officers do not receive salaries. This is a notable characteristic that indicates a high dedication to directing funds towards programmatic activities.
Filing History
IRS 990 filing history for N The Spirit Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), N The Spirit Inc's revenue has grown by 404.6%, moving from $106K to $533K. Total assets increased by 1035.9% over the same period, from $25K to $290K. Total functional expenses rose by 283.2%, from $104K to $400K. In its most recent filing year (2023), N The Spirit Inc reported a surplus of $133K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $533K | $400K | $290K | $0 | — | — |
| 2022 | $394K | $337K | $160K | $2K | — | View 990 |
| 2021 | $284K | $300K | $171K | $97K | — | View 990 |
| 2020 | $294K | $235K | $188K | $99K | — | View 990 |
| 2019 | $214K | $194K | $33K | $0 | — | View 990 |
| 2018 | $196K | $193K | $12K | $0 | — | View 990 |
| 2017 | $149K | $147K | $9K | $0 | — | View 990 |
| 2016 | $114K | $109K | $7K | $0 | — | View 990 |
| 2015 | $107K | $101K | $2K | $1K | — | View 990 |
| 2014 | $108K | $106K | $8K | $5K | — | View 990 |
| 2013 | $99K | $113K | $-24,122 | $-24,122 | — | View 990 |
| 2012 | $97K | $100K | $8K | $12K | — | View 990 |
| 2011 | $106K | $104K | $25K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $533K, expenses of $400K, and assets of $290K (revenue +35.2% year-over-year).
- 2022: Revenue of $394K, expenses of $337K, and assets of $160K (revenue +38.9% year-over-year).
- 2021: Revenue of $284K, expenses of $300K, and assets of $171K (revenue -3.4% year-over-year).
- 2020: Revenue of $294K, expenses of $235K, and assets of $188K (revenue +37.0% year-over-year).
- 2019: Revenue of $214K, expenses of $194K, and assets of $33K (revenue +9.3% year-over-year).
- 2018: Revenue of $196K, expenses of $193K, and assets of $12K (revenue +31.8% year-over-year).
- 2017: Revenue of $149K, expenses of $147K, and assets of $9K (revenue +30.9% year-over-year).
- 2016: Revenue of $114K, expenses of $109K, and assets of $7K (revenue +6.7% year-over-year).
- 2015: Revenue of $107K, expenses of $101K, and assets of $2K (revenue -1.7% year-over-year).
- 2014: Revenue of $108K, expenses of $106K, and assets of $8K (revenue +9.5% year-over-year).
- 2013: Revenue of $99K, expenses of $113K, and assets of $-24,122 (revenue +2.4% year-over-year).
- 2012: Revenue of $97K, expenses of $100K, and assets of $8K (revenue -8.5% year-over-year).
- 2011: Revenue of $106K, expenses of $104K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for N The Spirit Inc:
Data Sources and Methodology
This transparency report for N The Spirit 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.