Seth Sprague Educational & Charit Able Foundation
Seth Sprague Foundation shows strong asset growth and zero executive compensation over a decade.
EIN: 136071886 · Dallas, TX · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29.2M |
| Total Expenses | $5.8M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $70.1M |
| Transparency Score | 98/100 |
Is Seth Sprague Educational & Charit Able Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seth Sprague Educational & Charit Able Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seth Sprague Educational & Charit Able Foundation
Seth Sprague Educational & Charit Able Foundation (EIN: 136071886) is a nonprofit organization based in Dallas, TX. The organization reported total revenue of $29.2M and total assets of $75.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seth Sprague Educational & Charit Able Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seth Sprague Educational & Charit Able Foundation is a large nonprofit that has been operating for 85 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.5M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $70.1M |
| Total Liabilities | $1 |
| Net Assets | $70.1M |
| Operating Margin | 44.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 145.1 months |
Financial Health Grade: A
In 2023, Seth Sprague Educational & Charit Able Foundation reported a surplus of $4.7M with revenue exceeding expenses, holds 145.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Seth Sprague Educational & Charit Able Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.8% | -1.8% | +7.2% |
| 2022 | -12.8% | +10.6% | +11.1% |
| 2021 | +379.2% | +12.1% | +18.0% |
| 2020 | -42.0% | +18.2% | -3.5% |
| 2019 | +103.4% | -1.8% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1941 |
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 Seth Sprague Educational & Charit Able Foundation with a Mission Score of 98 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Seth Sprague Educational & Charit Able Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has been consistently reported as $0 across all ten available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly unusual and suggests a volunteer-led or externally managed structure, maximizing funds available for programs.
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 Seth Sprague Educational & Charit Able Foundation:
- Consistent asset growth, from $49.25M in 2011 to $70.12M in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Very low liabilities ($0 or $1) across all reported periods, showing strong financial stability.
- Expenses consistently well below revenue, contributing to asset accumulation.
- Strong financial health and long-term sustainability.
Frequently Asked Questions about Seth Sprague Educational & Charit Able Foundation
Is Seth Sprague Educational & Charit Able Foundation a legitimate charity?
Seth Sprague Educational & Charit Able Foundation (EIN: 136071886) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 98/100. It has 10 years of IRS 990 filings on record. Total revenue: $29.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Seth Sprague Educational & Charit Able Foundation spend its money?
Seth Sprague Educational & Charit Able Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Seth Sprague Educational & Charit Able Foundation tax-deductible?
Seth Sprague Educational & Charit Able Foundation is registered as a tax-exempt nonprofit (EIN: 136071886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seth Sprague Educational & Charit Able Foundation CEO make?
Seth Sprague Educational & Charit Able Foundation's highest-compensated officer earns $0 annually. The organization reported $29.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Seth Sprague Educational & Charit Able Foundation located?
Seth Sprague Educational & Charit Able Foundation is headquartered in Dallas, Texas and files with the IRS under EIN 136071886.
How many years of IRS 990 filings does Seth Sprague Educational & Charit Able Foundation have?
Seth Sprague Educational & Charit Able Foundation has 10 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 $29.2M in total revenue.
Is Seth Sprague Educational & Charitable Foundation a good charity?
Based on the available financial data, the Seth Sprague Educational & Charitable Foundation appears to be an excellent charity. It demonstrates strong financial health with growing assets, very low expenses relative to revenue, and a remarkable record of zero officer compensation, suggesting a very high percentage of funds are directed towards its mission.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent growth, increasing from $49.25 million in 2011 to $70.12 million in 2023, indicating effective financial management and investment strategies.
What is the foundation's approach to executive compensation?
The foundation reports $0 in officer compensation across all ten years of filings, which is highly unusual and suggests a volunteer-driven leadership or that compensation is covered by an external entity, ensuring more funds are available for charitable activities.
Filing History
IRS 990 filing history for Seth Sprague Educational & Charit Able Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Seth Sprague Educational & Charit Able Foundation's revenue has grown by 147.2%, moving from $4.2M to $10.5M. Total assets increased by 42.4% over the same period, from $49.3M to $70.1M. Total functional expenses rose by 74.1%, from $3.3M to $5.8M. In its most recent filing year (2023), Seth Sprague Educational & Charit Able Foundation reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $1 in liabilities against $70.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $70.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.5M | $5.8M | $70.1M | $1 | — | View 990 |
| 2022 | $12.5M | $5.9M | $65.4M | $1 | — | View 990 |
| 2021 | $14.3M | $5.3M | $58.9M | $1 | — | — |
| 2020 | $3.0M | $4.8M | $49.9M | $1 | — | View 990 |
| 2019 | $5.2M | $4.0M | $51.7M | $0 | — | View 990 |
| 2015 | $2.5M | $4.1M | $54.3M | $0 | — | View 990 |
| 2014 | $8.8M | $3.8M | $56.3M | $0 | — | View 990 |
| 2013 | $4.1M | $3.5M | $50.9M | $0 | — | View 990 |
| 2012 | $4.6M | $3.5M | $50.3M | $0 | — | View 990 |
| 2011 | $4.2M | $3.3M | $49.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.5M, expenses of $5.8M, and assets of $70.1M (revenue -15.8% year-over-year).
- 2022: Revenue of $12.5M, expenses of $5.9M, and assets of $65.4M (revenue -12.8% year-over-year).
- 2021: Revenue of $14.3M, expenses of $5.3M, and assets of $58.9M (revenue +379.2% year-over-year).
- 2020: Revenue of $3.0M, expenses of $4.8M, and assets of $49.9M (revenue -42.0% year-over-year).
- 2019: Revenue of $5.2M, expenses of $4.0M, and assets of $51.7M (revenue +103.4% year-over-year).
- 2015: Revenue of $2.5M, expenses of $4.1M, and assets of $54.3M (revenue -71.3% year-over-year).
- 2014: Revenue of $8.8M, expenses of $3.8M, and assets of $56.3M (revenue +114.5% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.5M, and assets of $50.9M (revenue -10.4% year-over-year).
- 2012: Revenue of $4.6M, expenses of $3.5M, and assets of $50.3M (revenue +8.1% year-over-year).
- 2011: Revenue of $4.2M, expenses of $3.3M, and assets of $49.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seth Sprague Educational & Charit Able Foundation:
Data Sources and Methodology
This transparency report for Seth Sprague Educational & Charit Able 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.