Spared Foundation Inc
EIN: 454322694 · Mandeville, LA · NTEE: O12
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $3K |
| Net Assets | $4K |
Is Spared Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spared Foundation Inc
Spared Foundation Inc (EIN: 454322694) is a nonprofit organization based in Mandeville, LA, classified under NTEE code O12. The organization reported total revenue of $10K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spared Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spared Foundation Inc is a micro nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $3K |
| Surplus / Deficit | +$1K |
| Total Assets | $4K |
| Total Liabilities | $167 |
| Net Assets | $4K |
| Operating Margin | 35.3% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Spared Foundation Inc reported a surplus of $1K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Spared Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.4% | +16.8% | +58.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spared Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spared Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Spared Foundation Inc
Is Spared Foundation Inc a legitimate charity?
Spared Foundation Inc (EIN: 454322694) is a registered tax-exempt nonprofit based in Louisiana. It has 2 years of IRS 990 filings on record. Total revenue: $10K. No red flags identified. Financial health grade: A.
How does Spared Foundation Inc spend its money?
Spared Foundation Inc reported $10K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Spared Foundation Inc tax-deductible?
Spared Foundation Inc is registered as a tax-exempt nonprofit (EIN: 454322694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spared Foundation Inc located?
Spared Foundation Inc is headquartered in Mandeville, Louisiana and files with the IRS under EIN 454322694. It is classified under NTEE code O12.
How many years of IRS 990 filings does Spared Foundation Inc have?
Spared Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $10K in total revenue.
Filing History
IRS 990 filing history for Spared Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Spared Foundation Inc's revenue has declined by 18.4%, moving from $5K to $4K. Total assets increased by 58.8% over the same period, from $3K to $4K. Total functional expenses rose by 16.8%, from $2K to $3K. In its most recent filing year (2023), Spared Foundation Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $167 in liabilities against $4K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $3K | $4K | $167 | — | — |
| 2022 | $5K | $2K | $3K | $1 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spared Foundation Inc:
Data Sources and Methodology
This transparency report for Spared 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.