Raw Spirit Festival Inc
Raw Spirit Festival Inc. shows improved financial stability with no liabilities and volunteer leadership, despite fluctuating revenues.
EIN: 208441065 · Prescott, AZ · NTEE: N52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $29K |
| Program Spending | 80% |
| Net Assets | $13K |
| Transparency Score | 75/100 |
Is Raw Spirit Festival Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Raw Spirit Festival Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Raw Spirit Festival Inc
Raw Spirit Festival Inc (EIN: 208441065) is a nonprofit organization based in Prescott, AZ, classified under NTEE code N52. The organization reported total revenue of $36K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raw Spirit Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raw Spirit Festival Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $29K |
| Surplus / Deficit | +$2K |
| Total Assets | $13K |
| Net Assets | $13K |
| Operating Margin | 5.8% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Raw Spirit Festival Inc reported a surplus of $2K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Raw Spirit Festival Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +136.3% | +19.3% | +16.1% |
| 2022 | -84.4% | -64.9% | -37.9% |
| 2021 | +77.6% | +116.9% | +89.3% |
| 2020 | +3.9% | -36.7% | +101.5% |
| 2019 | +4493.8% | +5013.5% | +135.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Raw Spirit Festival Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Raw Spirit Festival Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and suggests a strong dedication to its mission without personal financial gain.
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 Raw Spirit Festival Inc's IRS 990 filings:
- Highly fluctuating revenue streams over time
- Historically carried significant liabilities (e.g., $80,941 in 2018) which could indicate past financial instability
Strengths
The following positive indicators were identified for Raw Spirit Festival Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds
- Elimination of significant liabilities in recent years, improving financial health
- Consistent IRS 990 filing history, demonstrating transparency
- Positive net income in 2023 ($1,796 surplus)
Frequently Asked Questions about Raw Spirit Festival Inc
Is Raw Spirit Festival Inc a legitimate charity?
Raw Spirit Festival Inc (EIN: 208441065) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $36K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Raw Spirit Festival Inc spend its money?
Raw Spirit Festival Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Raw Spirit Festival Inc tax-deductible?
Raw Spirit Festival Inc is registered as a tax-exempt nonprofit (EIN: 208441065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Raw Spirit Festival Inc's spending goes to programs?
Raw Spirit Festival Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Raw Spirit Festival Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Raw Spirit Festival Inc is above average for NTEE category N52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Raw Spirit Festival Inc located?
Raw Spirit Festival Inc is headquartered in Prescott, Arizona and files with the IRS under EIN 208441065. It is classified under NTEE code N52.
How many years of IRS 990 filings does Raw Spirit Festival Inc have?
Raw Spirit Festival 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 $36K in total revenue.
Is Raw Spirit Festival Inc. financially stable?
Raw Spirit Festival Inc. has shown improved financial stability in recent years, eliminating significant liabilities that were present in earlier periods. As of 2023, it reported $0 in liabilities and a slight surplus of $1,796 (Revenue $31,172 - Expenses $29,376), indicating a more stable financial footing.
How does Raw Spirit Festival Inc. manage executive compensation?
Raw Spirit Festival Inc. reports 0% officer compensation in all available filings, meaning its executive leadership operates on a volunteer basis, which is a strong indicator of dedication and efficient use of funds.
What is the trend in Raw Spirit Festival Inc.'s revenue?
Raw Spirit Festival Inc.'s revenue has fluctuated significantly over the years, ranging from $0 in 2015 to a high of $84,758 in 2021. More recently, revenue was $31,172 in 2023, showing some variability but generally in a moderate range.
Are there any significant financial risks for Raw Spirit Festival Inc.?
While the organization has eliminated past liabilities, its relatively low asset base ($12,939 in 2023) and fluctuating revenue streams could pose a risk if there are unexpected expenses or a significant drop in income. However, the absence of liabilities mitigates immediate financial risk.
Filing History
IRS 990 filing history for Raw Spirit Festival Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Raw Spirit Festival Inc's revenue has declined by 15.6%, moving from $37K to $31K. Total assets increased by 228.3% over the same period, from $4K to $13K. Total functional expenses fell by 1.6%, from $30K to $29K. In its most recent filing year (2023), Raw Spirit Festival Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $29K | $13K | $0 | — | View 990 |
| 2022 | $13K | $25K | $11K | $0 | — | View 990 |
| 2021 | $85K | $70K | $18K | $0 | — | View 990 |
| 2020 | $48K | $32K | $9K | $38K | — | — |
| 2019 | $46K | $51K | $5K | $61K | — | View 990 |
| 2018 | $1K | $1K | $2K | $81K | — | View 990 |
| 2017 | $1K | $0 | $83K | $0 | — | View 990 |
| 2016 | $1K | $0 | $1K | $83K | — | View 990 |
| 2015 | $0 | $6K | $1 | $84K | — | View 990 |
| 2014 | $1K | $3K | $6K | $90K | — | View 990 |
| 2013 | $3K | $6K | $764 | $82K | — | View 990 |
| 2012 | $9K | $11K | $237 | $82K | — | View 990 |
| 2011 | $37K | $30K | $4K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $29K, and assets of $13K (revenue +136.3% year-over-year).
- 2022: Revenue of $13K, expenses of $25K, and assets of $11K (revenue -84.4% year-over-year).
- 2021: Revenue of $85K, expenses of $70K, and assets of $18K (revenue +77.6% year-over-year).
- 2020: Revenue of $48K, expenses of $32K, and assets of $9K (revenue +3.9% year-over-year).
- 2019: Revenue of $46K, expenses of $51K, and assets of $5K (revenue +4493.8% year-over-year).
- 2018: Revenue of $1K, expenses of $1K, and assets of $2K (revenue +0.0% year-over-year).
- 2017: Revenue of $1K, expenses of $0, and assets of $83K (revenue +0.0% year-over-year).
- 2016: Revenue of $1K, expenses of $0, and assets of $1K.
- 2015: Revenue of $0, expenses of $6K, and assets of $1 (revenue -100.0% year-over-year).
- 2014: Revenue of $1K, expenses of $3K, and assets of $6K (revenue -59.0% year-over-year).
- 2013: Revenue of $3K, expenses of $6K, and assets of $764 (revenue -65.4% year-over-year).
- 2012: Revenue of $9K, expenses of $11K, and assets of $237 (revenue -75.0% year-over-year).
- 2011: Revenue of $37K, expenses of $30K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raw Spirit Festival Inc:
Data Sources and Methodology
This transparency report for Raw Spirit Festival 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.