S Spencer Scott Fund Inc
S Spencer Scott Fund consistently spends more than it earns, relying on its asset base.
EIN: 136113359 · Old Lyme, CT · Updated: 2026-03-28
Is S Spencer Scott Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
S Spencer Scott Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About S Spencer Scott Fund Inc
S Spencer Scott Fund Inc (EIN: 136113359) is a nonprofit organization based in Old Lyme, CT. The organization reported total revenue of $55K and total assets of $535K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of S Spencer Scott Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates S Spencer Scott Fund Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, S Spencer Scott Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is a positive for resource allocation given its size.
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 S Spencer Scott Fund Inc's IRS 990 filings:
- Consistent annual expenses exceeding revenue, indicating reliance on asset depletion.
- NTEE code is unknown, limiting understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for S Spencer Scott Fund Inc:
- No officer compensation reported, suggesting volunteer leadership and efficient use of funds.
- Maintains a substantial asset base ($535,416) providing financial stability.
- Consistent IRS 990 filing history, indicating transparency.
Frequently Asked Questions about S Spencer Scott Fund Inc
Is S Spencer Scott Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, S Spencer Scott Fund Inc (EIN: 136113359) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does S Spencer Scott Fund Inc spend its money?
S Spencer Scott Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to S Spencer Scott Fund Inc tax-deductible?
S Spencer Scott Fund Inc is registered as a tax-exempt nonprofit (EIN: 136113359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is S Spencer Scott Fund Inc. financially stable?
While the organization consistently spends more than its annual revenue (e.g., $55,018 expenses vs. $27,497 revenue in 2023), it maintains a substantial asset base of $535,416, suggesting it is stable due to its reserves rather than operational profitability.
How does the organization fund its operations?
The organization primarily funds its operations and grant-making through its existing asset base, as annual expenses frequently exceed annual revenue, indicating it draws from its accumulated funds or endowment.
What is the trend in the organization's assets?
The organization's assets have shown some fluctuation but generally remained robust, ranging from $506,627 in 2015 to a high of $614,380 in 2021, and currently standing at $535,416. There has been a slight decline in assets from 2021 to 2023, from $614,380 to $538,003.
Filing History
IRS 990 filing history for S Spencer Scott Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), S Spencer Scott Fund Inc's revenue has grown by 93.4%, moving from $14K to $27K. Total assets decreased by 4.3% over the same period, from $562K to $538K. Total functional expenses rose by 39.7%, from $39K to $55K. In its most recent filing year (2023), S Spencer Scott Fund Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $1 in liabilities against $538K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $538K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $55K | $538K | $1 | — | — |
| 2022 | $23K | $53K | $563K | $1 | — | — |
| 2021 | $92K | $41K | $614K | $1 | — | — |
| 2020 | $12K | $41K | $566K | $7K | — | — |
| 2019 | $17K | $45K | $579K | $13K | — | — |
| 2015 | $21K | $41K | $507K | $2K | — | View 990 |
| 2014 | $20K | $44K | $595K | $13K | — | View 990 |
| 2013 | $21K | $35K | $602K | $2K | — | View 990 |
| 2012 | $24K | $37K | $565K | $2K | — | View 990 |
| 2011 | $14K | $39K | $562K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $55K, and assets of $538K (revenue +21.8% year-over-year).
- 2022: Revenue of $23K, expenses of $53K, and assets of $563K (revenue -75.3% year-over-year).
- 2021: Revenue of $92K, expenses of $41K, and assets of $614K (revenue +679.1% year-over-year).
- 2020: Revenue of $12K, expenses of $41K, and assets of $566K (revenue -31.3% year-over-year).
- 2019: Revenue of $17K, expenses of $45K, and assets of $579K (revenue -19.4% year-over-year).
- 2015: Revenue of $21K, expenses of $41K, and assets of $507K (revenue +4.8% year-over-year).
- 2014: Revenue of $20K, expenses of $44K, and assets of $595K (revenue -1.4% year-over-year).
- 2013: Revenue of $21K, expenses of $35K, and assets of $602K (revenue -12.9% year-over-year).
- 2012: Revenue of $24K, expenses of $37K, and assets of $565K (revenue +65.7% year-over-year).
- 2011: Revenue of $14K, expenses of $39K, and assets of $562K.
Data Sources and Methodology
This transparency report for S Spencer Scott Fund 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.