Spanda Inc
Spanda Inc. consistently operates near break-even with no reported officer compensation.
EIN: 205024974 · Cedar Rapids, IA · NTEE: E70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $572K |
| Total Expenses | $582K |
| Program Spending | 75% |
| Net Assets | $26K |
| Transparency Score | 85/100 |
Is Spanda Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spanda Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spanda Inc
Spanda Inc (EIN: 205024974) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code E70. The organization reported total revenue of $572K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spanda Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spanda Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $591K |
| Total Expenses | $582K |
| Surplus / Deficit | +$9K |
| Total Assets | $39K |
| Total Liabilities | $14K |
| Net Assets | $26K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 0.8 months |
Financial Health Grade: A
In 2023, Spanda Inc reported a surplus of $9K with revenue exceeding expenses, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spanda Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.8% | +20.1% | +29.9% |
| 2022 | +0.2% | +0.4% | -40.5% |
| 2021 | +3.0% | +3.5% | -30.5% |
| 2020 | -37.8% | -36.1% | -17.6% |
| 2019 | -10.5% | +0.7% | -13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Spanda Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Spanda Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.0%.
Executive Compensation Analysis
Spanda Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation directly to the 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 Spanda Inc:
- Consistent operational activity and financial stability, generally operating near break-even.
- No reported officer compensation across all filings, indicating efficient use of funds for mission.
- Manageable liabilities, suggesting good financial health.
- Long filing history (13 filings) demonstrates sustained operation and compliance.
- Modest asset base suggests funds are primarily directed towards current program delivery.
Frequently Asked Questions about Spanda Inc
Is Spanda Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spanda Inc (EIN: 205024974) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Spanda Inc spend its money?
Spanda Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spanda Inc tax-deductible?
Spanda Inc is registered as a tax-exempt nonprofit (EIN: 205024974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spanda Inc's spending goes to programs?
Spanda Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spanda Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spanda Inc is above average for NTEE category E70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spanda Inc located?
Spanda Inc is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 205024974. It is classified under NTEE code E70.
How many years of IRS 990 filings does Spanda Inc have?
Spanda 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 $572K in total revenue.
Is Spanda Inc. a good charity?
Based on the available data, Spanda Inc. appears to be a fiscally responsible organization that consistently operates near break-even, indicating efficient use of funds. The absence of officer compensation is a significant positive. However, a detailed breakdown of program, administrative, and fundraising expenses would provide a more complete picture of its spending efficiency.
How has Spanda Inc.'s revenue trended over the past few years?
Spanda Inc.'s revenue has fluctuated, with a peak of $799,353 in 2018, a dip to $444,924 in 2020, and a recent increase to $591,367 in 2023, showing some variability but generally maintaining a substantial operational scale.
What is the organization's asset position?
The organization's assets have generally been modest, ranging from $28,037 to $102,714 over the past decade, with the latest reported assets at $39,428. This suggests a focus on immediate program delivery rather than accumulating large reserves.
Does Spanda Inc. have high administrative costs?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. Therefore, it is not possible to definitively assess whether Spanda Inc. has high administrative costs based solely on the IRS 990 filing history provided.
Are there any concerns about the organization's liabilities?
Liabilities have generally been low relative to assets and revenue, with the highest reported at $13,954 in 2022 and $13,813 in 2023. This indicates a healthy financial position with manageable debt.
Filing History
IRS 990 filing history for Spanda Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spanda Inc's revenue has grown by 53.7%, moving from $385K to $591K. Total functional expenses rose by 43.8%, from $405K to $582K. In its most recent filing year (2023), Spanda Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $14K in liabilities against $39K in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $591K | $582K | $39K | $14K | — | — |
| 2022 | $459K | $485K | $30K | $14K | — | View 990 |
| 2021 | $458K | $483K | $51K | $9K | — | View 990 |
| 2020 | $445K | $466K | $73K | $7K | — | View 990 |
| 2019 | $715K | $729K | $89K | $962 | — | View 990 |
| 2018 | $799K | $725K | $103K | $304 | — | View 990 |
| 2017 | $492K | $498K | $41K | $388 | — | View 990 |
| 2016 | $522K | $501K | $57K | $10K | — | View 990 |
| 2015 | $558K | $557K | $34K | $8K | — | View 990 |
| 2014 | $594K | $508K | $35K | $11K | — | View 990 |
| 2013 | $387K | $426K | $6K | $68K | — | View 990 |
| 2012 | $414K | $407K | $33K | $55K | — | View 990 |
| 2011 | $385K | $405K | $-7,349 | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $591K, expenses of $582K, and assets of $39K (revenue +28.8% year-over-year).
- 2022: Revenue of $459K, expenses of $485K, and assets of $30K (revenue +0.2% year-over-year).
- 2021: Revenue of $458K, expenses of $483K, and assets of $51K (revenue +3.0% year-over-year).
- 2020: Revenue of $445K, expenses of $466K, and assets of $73K (revenue -37.8% year-over-year).
- 2019: Revenue of $715K, expenses of $729K, and assets of $89K (revenue -10.5% year-over-year).
- 2018: Revenue of $799K, expenses of $725K, and assets of $103K (revenue +62.5% year-over-year).
- 2017: Revenue of $492K, expenses of $498K, and assets of $41K (revenue -5.8% year-over-year).
- 2016: Revenue of $522K, expenses of $501K, and assets of $57K (revenue -6.5% year-over-year).
- 2015: Revenue of $558K, expenses of $557K, and assets of $34K (revenue -6.0% year-over-year).
- 2014: Revenue of $594K, expenses of $508K, and assets of $35K (revenue +53.5% year-over-year).
- 2013: Revenue of $387K, expenses of $426K, and assets of $6K (revenue -6.4% year-over-year).
- 2012: Revenue of $414K, expenses of $407K, and assets of $33K (revenue +7.4% year-over-year).
- 2011: Revenue of $385K, expenses of $405K, and assets of $-7,349.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spanda Inc:
Data Sources and Methodology
This transparency report for Spanda 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.