Spartan Foundation
Spartan Foundation maintains substantial assets despite volatile revenue and consistent deficit spending in recent years.
EIN: 204153385 · Parkersburg, WV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $17,770,265. |
| Net Assets | $16.5M |
| Transparency Score | 85/100 |
Is Spartan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spartan Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spartan Foundation
Spartan Foundation (EIN: 204153385) is a nonprofit organization based in Parkersburg, WV, classified under NTEE code T20. The organization reported total revenue of $5.8M and total assets of $17.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spartan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spartan Foundation is a mid-size 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 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $505K |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-933,056 |
| Total Assets | $16.5M |
| Total Liabilities | $1 |
| Net Assets | $16.5M |
| Operating Margin | -184.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 137.3 months |
Financial Health Grade: B
In 2023, Spartan Foundation reported a deficit of $933K with expenses exceeding revenue, holds 137.3 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), Spartan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +772.6% | -19.7% | -5.4% |
| 2022 | -97.0% | +12.8% | -9.1% |
| 2021 | +129.4% | +17.2% | +1.9% |
| 2020 | +9.8% | -2.9% | -2.6% |
| 2019 | -95.3% | +610.6% | +1.1% |
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 Spartan Foundation 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: 80%
- fundraising: 5%
According to IRS 990 filings, Spartan Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $933K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Spartan Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is a strong positive for financial efficiency and transparency, especially for an organization with assets of $17,770,265.
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 Spartan Foundation's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $1.4M vs. revenue $0.5M)
- Highly volatile annual revenue, making financial planning potentially challenging
Strengths
The following positive indicators were identified for Spartan Foundation:
- Substantial asset base ($17.7M) providing long-term financial stability
- Consistently reports 0% officer compensation, indicating high efficiency in this area
- Very low liabilities ($1 in recent years) demonstrating sound financial management
- Strong NTEE code (T20) indicating a focus on philanthropy and grantmaking
Frequently Asked Questions about Spartan Foundation
Is Spartan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spartan Foundation (EIN: 204153385) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Spartan Foundation spend its money?
Spartan Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spartan Foundation tax-deductible?
Spartan Foundation is registered as a tax-exempt nonprofit (EIN: 204153385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spartan Foundation CEO make?
Spartan Foundation's highest-compensated officer earns $17,770,265. annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spartan Foundation's spending goes to programs?
Spartan Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spartan Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spartan Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spartan Foundation located?
Spartan Foundation is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 204153385. It is classified under NTEE code T20.
How many years of IRS 990 filings does Spartan Foundation have?
Spartan 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 $5.8M in total revenue.
How does Spartan Foundation cover its consistent deficit spending?
The foundation has consistently spent more than its revenue in recent years (e.g., $1.4M expenses vs. $0.5M revenue in 2023). This deficit is likely covered by drawing from its substantial asset base ($17.7M) or investment returns, which is common for endowed foundations.
What is the primary source of Spartan Foundation's substantial assets?
While not explicitly detailed in the provided data, the significant asset base ($17.7M) relative to annual revenues suggests that the foundation is likely endowed, meaning it holds a large principal sum from which it generates investment income or makes grants.
What are the specific programs or grants funded by Spartan Foundation?
The provided IRS 990 data does not detail specific programs or grants. As a grantmaking foundation (NTEE T20), its 'program' spending would typically be grants to other organizations or individuals, which would be detailed in the full 990 filing.
Filing History
IRS 990 filing history for Spartan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Spartan Foundation's revenue has grown by 296.5%, moving from $127K to $505K. Total assets increased by 979.3% over the same period, from $1.5M to $16.5M. Total functional expenses rose by 1965.5%, from $70K to $1.4M. In its most recent filing year (2023), Spartan Foundation reported a deficit of $933K, with expenses exceeding revenue. The organization holds $1 in liabilities against $16.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $505K | $1.4M | $16.5M | $1 | — | — |
| 2022 | $58K | $1.8M | $17.4M | $1 | — | View 990 |
| 2021 | $1.9M | $1.6M | $19.1M | $1 | — | — |
| 2020 | $850K | $1.4M | $18.8M | $1 | — | View 990 |
| 2019 | $774K | $1.4M | $19.3M | $0 | — | View 990 |
| 2015 | $16.5M | $196K | $19.1M | $0 | — | View 990 |
| 2014 | $1.2M | $102K | $2.7M | $0 | — | View 990 |
| 2013 | $95K | $96K | $1.6M | $0 | — | View 990 |
| 2012 | $191K | $82K | $1.6M | $0 | — | View 990 |
| 2011 | $127K | $70K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $505K, expenses of $1.4M, and assets of $16.5M (revenue +772.6% year-over-year).
- 2022: Revenue of $58K, expenses of $1.8M, and assets of $17.4M (revenue -97.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.6M, and assets of $19.1M (revenue +129.4% year-over-year).
- 2020: Revenue of $850K, expenses of $1.4M, and assets of $18.8M (revenue +9.8% year-over-year).
- 2019: Revenue of $774K, expenses of $1.4M, and assets of $19.3M (revenue -95.3% year-over-year).
- 2015: Revenue of $16.5M, expenses of $196K, and assets of $19.1M (revenue +1298.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $102K, and assets of $2.7M (revenue +1148.2% year-over-year).
- 2013: Revenue of $95K, expenses of $96K, and assets of $1.6M (revenue -50.4% year-over-year).
- 2012: Revenue of $191K, expenses of $82K, and assets of $1.6M (revenue +50.0% year-over-year).
- 2011: Revenue of $127K, expenses of $70K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spartan Foundation:
Data Sources and Methodology
This transparency report for Spartan 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.