New London Spicer Educational Foundation
New London Spicer Educational Foundation maintains strong asset growth and zero liabilities with volunteer leadership.
EIN: 202369692 · New London, MN · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $43K |
| Program Spending | 90% |
| Net Assets | $630K |
| Transparency Score | 92/100 |
Is New London Spicer Educational Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New London Spicer Educational Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New London Spicer Educational Foundation
New London Spicer Educational Foundation (EIN: 202369692) is a nonprofit organization based in New London, MN, classified under NTEE code B11. The organization reported total revenue of $135K and total assets of $683K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New London Spicer Educational Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New London Spicer Educational Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $43K |
| Surplus / Deficit | +$13K |
| Total Assets | $630K |
| Net Assets | $630K |
| Operating Margin | 23.8% |
| Months of Reserves | 177.8 months |
Financial Health Grade: A
In 2023, New London Spicer Educational Foundation reported a surplus of $13K with revenue exceeding expenses, holds 177.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New London Spicer Educational Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.6% | +33.6% | +14.5% |
| 2022 | -40.0% | -6.8% | -13.8% |
| 2021 | +315.1% | +1.4% | +16.9% |
| 2020 | -93.7% | -27.2% | +4.3% |
| 2019 | +30.8% | +86.2% | +91.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 New London Spicer Educational Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New London Spicer Educational 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 $13K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and 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.
Strengths
The following positive indicators were identified for New London Spicer Educational Foundation:
- Consistent asset growth, reaching $630,234 in 2023.
- Zero reported liabilities across all filing periods.
- 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Expenses consistently lower than revenue in most periods, demonstrating fiscal responsibility.
- Strong program focus due to minimal administrative and fundraising costs.
Frequently Asked Questions about New London Spicer Educational Foundation
Is New London Spicer Educational Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New London Spicer Educational Foundation (EIN: 202369692) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does New London Spicer Educational Foundation spend its money?
New London Spicer Educational Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New London Spicer Educational Foundation tax-deductible?
New London Spicer Educational Foundation is registered as a tax-exempt nonprofit (EIN: 202369692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does New London Spicer Educational Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New London Spicer Educational Foundation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New London Spicer Educational Foundation located?
New London Spicer Educational Foundation is headquartered in New London, Minnesota and files with the IRS under EIN 202369692. It is classified under NTEE code B11.
How many years of IRS 990 filings does New London Spicer Educational Foundation have?
New London Spicer Educational Foundation 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 $135K in total revenue.
Is New London Spicer Educational Foundation a good charity?
Based on its financial data, the New London Spicer Educational Foundation appears to be a very good charity. It consistently reports 0% officer compensation, has no liabilities, and has shown strong asset growth over time, indicating sound financial management and a high dedication to its mission.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses well below its revenue, as seen in 2023 where revenue was $55,840 and expenses were $42,543. There was an exception in 2020 where expenses ($33,675) exceeded revenue ($15,195), but this appears to be an anomaly in its overall trend of fiscal prudence.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, growing from $28,180 in 2014 to $630,234 in 2023, demonstrating excellent financial stewardship and accumulation of resources for its mission.
Filing History
IRS 990 filing history for New London Spicer Educational Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New London Spicer Educational Foundation's revenue has grown by 641.7%, moving from $8K to $56K. Total assets increased by 1691.5% over the same period, from $35K to $630K. Total functional expenses rose by 266.9%, from $12K to $43K. In its most recent filing year (2023), New London Spicer Educational Foundation reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $43K | $630K | $0 | — | — |
| 2022 | $38K | $32K | $550K | $0 | — | View 990 |
| 2021 | $63K | $34K | $638K | $0 | — | View 990 |
| 2020 | $15K | $34K | $546K | $0 | — | View 990 |
| 2019 | $242K | $46K | $523K | $0 | — | View 990 |
| 2018 | $185K | $25K | $273K | $0 | — | View 990 |
| 2017 | $104K | $33K | $108K | $0 | — | View 990 |
| 2016 | $27K | $19K | $37K | $0 | — | View 990 |
| 2015 | $33K | $32K | $29K | $0 | — | View 990 |
| 2014 | $36K | $33K | $28K | $0 | — | View 990 |
| 2013 | $36K | $33K | $29K | $3K | — | View 990 |
| 2012 | $20K | $33K | $23K | $0 | — | View 990 |
| 2011 | $8K | $12K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $43K, and assets of $630K (revenue +47.6% year-over-year).
- 2022: Revenue of $38K, expenses of $32K, and assets of $550K (revenue -40.0% year-over-year).
- 2021: Revenue of $63K, expenses of $34K, and assets of $638K (revenue +315.1% year-over-year).
- 2020: Revenue of $15K, expenses of $34K, and assets of $546K (revenue -93.7% year-over-year).
- 2019: Revenue of $242K, expenses of $46K, and assets of $523K (revenue +30.8% year-over-year).
- 2018: Revenue of $185K, expenses of $25K, and assets of $273K (revenue +77.7% year-over-year).
- 2017: Revenue of $104K, expenses of $33K, and assets of $108K (revenue +291.5% year-over-year).
- 2016: Revenue of $27K, expenses of $19K, and assets of $37K (revenue -19.0% year-over-year).
- 2015: Revenue of $33K, expenses of $32K, and assets of $29K (revenue -7.8% year-over-year).
- 2014: Revenue of $36K, expenses of $33K, and assets of $28K (revenue -0.5% year-over-year).
- 2013: Revenue of $36K, expenses of $33K, and assets of $29K (revenue +76.5% year-over-year).
- 2012: Revenue of $20K, expenses of $33K, and assets of $23K (revenue +169.3% year-over-year).
- 2011: Revenue of $8K, expenses of $12K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New London Spicer Educational Foundation:
Data Sources and Methodology
This transparency report for New London Spicer Educational 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.