Spase Foundation
Spase Foundation reports minimal revenue and no expenses in latest filing, with declining assets over a decade.
EIN: 203571354 · Vestavia Hls, AL · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108 |
| Net Assets | $19K |
| Transparency Score | 30/100 |
Search Intent Cockpit
Spase Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Spase Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Spase Foundation in one place.
Form 990 Filing Summary
8 filing years are available, with latest revenue of $108 and expenses of $0.
Revenue and Expenses
Revenue, expense, and surplus data is shown where available from IRS 990 records.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
30/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Spase Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Spase Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 8 stored filing years |
| Peer context | Compare with Association Of Tourist Railroads And Railway Museums Inc | Alabama and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
About Spase Foundation
Spase Foundation (EIN: 203571354) is a nonprofit organization based in Vestavia Hls, AL, classified under NTEE code B12. The organization reported total revenue of $108 and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spase Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spase Foundation is a micro nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108 |
| Total Expenses | $0 |
| Surplus / Deficit | +$108 |
| Total Assets | $31K |
| Total Liabilities | $12K |
| Net Assets | $19K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 39.2% |
Financial Health Grade: A
In 2023, Spase Foundation reported a surplus of $108 with revenue exceeding expenses, has a debt-to-asset ratio of 39.2% (moderate leverage).
Financial Trends
Over 8 years of filings (2013–2023), Spase Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +208.6% | -100.0% | +0.3% |
| 2022 | +1066.7% | -68.8% | -2.0% |
| 2021 | -25.0% | +157.3% | -6.3% |
| 2020 | +0.0% | -66.9% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2014 |
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 Spase Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Spase Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 39.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that no officers are receiving salaries from the organization. This is typical for very small, potentially volunteer-run foundations like Spase Foundation.
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 Spase Foundation's IRS 990 filings:
- Consistent decline in assets over a decade (from $95,265 to $31,100).
- Expenses frequently exceed revenue, indicating reliance on asset drawdown (e.g., $660 expenses vs. $35 revenue in 202212).
- Zero reported expenses in the latest filing (202312) makes it impossible to assess current operational activity or program delivery.
- Unexplained constant liabilities of $12,206 across all reported periods.
Strengths
The following positive indicators were identified for Spase Foundation:
- Consistent filing of IRS 990 forms, indicating compliance with reporting requirements.
- No executive compensation reported, suggesting a volunteer-driven model or very low overhead for leadership.
Frequently Asked Questions about Spase Foundation
Is Spase Foundation a legitimate charity?
Spase Foundation (EIN: 203571354) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 30/100. It has 8 years of IRS 990 filings on record. Total revenue: $108. 4 red flags identified. 2 strengths noted. Financial health grade: A.
How does Spase Foundation spend its money?
Spase Foundation reported $108 in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Spase Foundation tax-deductible?
Spase Foundation is registered as a tax-exempt nonprofit (EIN: 203571354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Spase Foundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Spase Foundation is below average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spase Foundation located?
Spase Foundation is headquartered in Vestavia Hls, Alabama and files with the IRS under EIN 203571354. It is classified under NTEE code B12.
How many years of IRS 990 filings does Spase Foundation have?
Spase Foundation has 8 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 $108 in total revenue.
What are the specific programs or activities of the Spase Foundation?
Based on the provided financial data, it is impossible to determine the specific programs or activities of the Spase Foundation. The extremely low and often zero reported expenses do not provide insight into program spending.
Why have the organization's assets declined significantly over the past decade?
The organization's assets have declined from $95,265 in 201312 to $31,100 in 202312. This decline is likely due to expenses consistently exceeding revenue in most years, such as $660 in expenses against $35 revenue in 202212, indicating the organization has been drawing down its asset base to cover costs.
What is the nature of the $12,206 in liabilities that have remained constant for over a decade?
The consistent reporting of $12,206 in liabilities across all filings from 201312 to 202312 is unusual. Without further detail from the full IRS 990 form, it's unclear if this represents a long-term debt, a specific type of payable, or an accounting anomaly.
Filing History
IRS 990 filing history for Spase Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Spase Foundation's revenue has declined by 63.9%, moving from $299 to $108. Total assets decreased by 67.4% over the same period, from $95K to $31K. Total functional expenses fell by 100%, from $8K to $0. The organization holds $12K in liabilities against $31K in assets (debt-to-asset ratio: 39.2%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108 | $0 | $31K | $12K | — | — |
| 2022 | $35 | $660 | $31K | $12K | — | View 990 |
| 2021 | $3 | $2K | $32K | $12K | — | — |
| 2020 | $4 | $822 | $34K | $12K | — | — |
| 2019 | $4 | $2K | $35K | $12K | — | View 990 |
| 2015 | $-25,698 | $9K | $59K | $12K | — | View 990 |
| 2014 | $9 | $2K | $94K | $12K | — | View 990 |
| 2013 | $299 | $8K | $95K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108, expenses of $0, and assets of $31K (revenue +208.6% year-over-year).
- 2022: Revenue of $35, expenses of $660, and assets of $31K (revenue +1066.7% year-over-year).
- 2021: Revenue of $3, expenses of $2K, and assets of $32K (revenue -25.0% year-over-year).
- 2020: Revenue of $4, expenses of $822, and assets of $34K (revenue +0.0% year-over-year).
- 2019: Revenue of $4, expenses of $2K, and assets of $35K.
- 2015: Revenue of $-25,698, expenses of $9K, and assets of $59K (revenue -285633.3% year-over-year).
- 2014: Revenue of $9, expenses of $2K, and assets of $94K (revenue -97.0% year-over-year).
- 2013: Revenue of $299, expenses of $8K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spase Foundation:
Data Sources and Methodology
This transparency report for Spase 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.