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
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 →
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.
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%.
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?
Based on AI analysis of IRS 990 filings, Spase Foundation (EIN: 203571354) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does Spase Foundation spend its money?
Detailed spending breakdown data is not yet available for Spase Foundation. Check back for updated IRS 990 analysis.
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.
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.
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.