Spanx By Sara Blakely Foundation Inc
Spanx By Sara Blakely Foundation maintains strong assets and zero executive compensation amidst fluctuating revenues.
EIN: 205088833 · Atlanta, GA · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.7M |
| Total Expenses | $797K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $26 |
| Net Assets | $26.5M |
| Transparency Score | 92/100 |
Is Spanx By Sara Blakely Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spanx By Sara Blakely Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spanx By Sara Blakely Foundation Inc
Spanx By Sara Blakely Foundation Inc (EIN: 205088833) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T30. The organization reported total revenue of $15.7M and total assets of $26.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spanx By Sara Blakely Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spanx By Sara Blakely Foundation Inc is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $871K |
| Total Expenses | $797K |
| Surplus / Deficit | +$74K |
| Total Assets | $26.5M |
| Total Liabilities | $1 |
| Net Assets | $26.5M |
| Operating Margin | 8.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 399.4 months |
Financial Health Grade: A
In 2023, Spanx By Sara Blakely Foundation Inc reported a surplus of $74K with revenue exceeding expenses, holds 399.4 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), Spanx By Sara Blakely Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.5% | +32.2% | -4.1% |
| 2022 | -90.3% | -40.8% | -6.5% |
| 2021 | +1241.3% | -84.7% | +80.6% |
| 2020 | -26.7% | +397.6% | -24.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Spanx By Sara Blakely Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Spanx By Sara Blakely Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $74K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with assets exceeding $26 million.
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 Spanx By Sara Blakely Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, potentially indicating reliance on large, infrequent donations rather than diversified funding.
Strengths
The following positive indicators were identified for Spanx By Sara Blakely Foundation Inc:
- Consistent 0% officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
- Substantial and growing asset base ($26,537,096 in 2023), indicating strong financial health and capacity.
- Extremely low liabilities (often $1), reflecting excellent financial management and minimal debt.
- Expenses consistently well below revenue in most periods, allowing for asset accumulation.
- Long and consistent IRS 990 filing history, indicating transparency and compliance.
Frequently Asked Questions about Spanx By Sara Blakely Foundation Inc
Is Spanx By Sara Blakely Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spanx By Sara Blakely Foundation Inc (EIN: 205088833) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Spanx By Sara Blakely Foundation Inc spend its money?
Spanx By Sara Blakely Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spanx By Sara Blakely Foundation Inc tax-deductible?
Spanx By Sara Blakely Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205088833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spanx By Sara Blakely Foundation Inc CEO make?
Spanx By Sara Blakely Foundation Inc's highest-compensated officer earns $26 annually. The organization reported $15.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spanx By Sara Blakely Foundation Inc's spending goes to programs?
Spanx By Sara Blakely Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spanx By Sara Blakely Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Spanx By Sara Blakely Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spanx By Sara Blakely Foundation Inc located?
Spanx By Sara Blakely Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 205088833. It is classified under NTEE code T30.
How many years of IRS 990 filings does Spanx By Sara Blakely Foundation Inc have?
Spanx By Sara Blakely Foundation Inc 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 $15.7M in total revenue.
Is Spanx By Sara Blakely Foundation Inc a good charity?
Based on the provided data, the foundation appears to be a very good charity. It maintains substantial assets ($26,537,096), has virtually no liabilities, and consistently reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How does the foundation manage its expenses?
The foundation generally manages its expenses very well, with expenses typically being significantly lower than revenues, allowing for asset growth. For example, in 2023, expenses were $797,321 against revenues of $871,338.
What is the trend in the foundation's revenue?
The foundation's revenue has shown significant fluctuations, with a peak of $16,449,328 in 2021, but lower figures in other years, such as $871,338 in 2023. This suggests a reliance on large, potentially irregular, contributions.
Does the foundation have any debt?
No, the foundation has virtually no debt. Liabilities are consistently reported as $1 across most filings, indicating excellent financial health and minimal obligations.
Filing History
IRS 990 filing history for Spanx By Sara Blakely Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Spanx By Sara Blakely Foundation Inc's revenue has declined by 75.3%, moving from $3.5M to $871K. Total assets increased by 70.2% over the same period, from $15.6M to $26.5M. Total functional expenses rose by 132.6%, from $343K to $797K. In its most recent filing year (2023), Spanx By Sara Blakely Foundation Inc reported a surplus of $74K, with revenue exceeding expenses. The organization holds $1 in liabilities against $26.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $871K | $797K | $26.5M | $1 | — | — |
| 2022 | $1.6M | $603K | $27.7M | $1 | — | View 990 |
| 2021 | $16.4M | $1.0M | $29.6M | $1 | — | View 990 |
| 2020 | $1.2M | $6.6M | $16.4M | $19K | — | View 990 |
| 2019 | $1.7M | $1.3M | $21.8M | $1 | — | View 990 |
| 2015 | $-343,345 | $1.3M | $22.5M | $0 | — | View 990 |
| 2014 | $2.2M | $1.2M | $24.1M | $1 | — | View 990 |
| 2013 | $4.5M | $783K | $23.1M | $0 | — | View 990 |
| 2012 | $4.3M | $532K | $19.3M | $1 | — | View 990 |
| 2011 | $3.5M | $343K | $15.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $871K, expenses of $797K, and assets of $26.5M (revenue -45.5% year-over-year).
- 2022: Revenue of $1.6M, expenses of $603K, and assets of $27.7M (revenue -90.3% year-over-year).
- 2021: Revenue of $16.4M, expenses of $1.0M, and assets of $29.6M (revenue +1241.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $6.6M, and assets of $16.4M (revenue -26.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.3M, and assets of $21.8M.
- 2015: Revenue of $-343,345, expenses of $1.3M, and assets of $22.5M (revenue -115.3% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.2M, and assets of $24.1M (revenue -50.2% year-over-year).
- 2013: Revenue of $4.5M, expenses of $783K, and assets of $23.1M (revenue +5.6% year-over-year).
- 2012: Revenue of $4.3M, expenses of $532K, and assets of $19.3M (revenue +21.1% year-over-year).
- 2011: Revenue of $3.5M, expenses of $343K, and assets of $15.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spanx By Sara Blakely Foundation Inc:
Data Sources and Methodology
This transparency report for Spanx By Sara Blakely Foundation 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.