Specs Inc
EIN: 460762298 · Davenport, IA
| Metric | Value |
|---|---|
| Total Expenses | $8K |
| Net Assets | $11K |
Is Specs Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Specs Inc
Specs Inc (EIN: 460762298) is a nonprofit organization based in Davenport, IA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Specs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Specs Inc is a micro nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of 50.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $8K |
| Surplus / Deficit | $-991 |
| Total Assets | $11K |
| Net Assets | $11K |
| Operating Margin | -14.4% |
| Months of Reserves | 17.3 months |
Financial Health Grade: B
In 2016, Specs Inc reported a deficit of $991 with expenses exceeding revenue, holds 17.3 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2012–2016), Specs Inc's revenue has grown at a compound annual growth rate (CAGR) of 50.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -59.3% | -26.3% | -8.0% |
| 2015 | +36.2% | -33.7% | +101.2% |
| 2014 | -37.7% | +146.1% | -37.7% |
| 2013 | +1363.8% | +34.3% | +1244.2% |
AI Analysis Pending
AI enrichment for Specs 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 Specs 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $991, with expenses exceeding revenue.
Frequently Asked Questions about Specs Inc
Is Specs Inc a legitimate charity?
Specs Inc (EIN: 460762298) is a registered tax-exempt nonprofit based in Iowa. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Specs Inc spend its money?
Specs Inc reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Specs Inc tax-deductible?
Specs Inc is registered as a tax-exempt nonprofit (EIN: 460762298). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Specs Inc located?
Specs Inc is headquartered in Davenport, Iowa and files with the IRS under EIN 460762298.
How many years of IRS 990 filings does Specs Inc have?
Specs Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Specs Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Specs Inc's revenue has grown by 405.6%, moving from $1K to $7K. Total assets increased by 1450.8% over the same period, from $733 to $11K. Total functional expenses rose by 61.3%, from $5K to $8K. In its most recent filing year (2016), Specs Inc reported a deficit of $991, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $7K | $8K | $11K | $0 | — | View 990 |
| 2015 | $17K | $11K | $12K | $0 | — | View 990 |
| 2014 | $12K | $16K | $6K | $0 | — | View 990 |
| 2013 | $20K | $7K | $10K | $0 | — | View 990 |
| 2012 | $1K | $5K | $733 | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $7K, expenses of $8K, and assets of $11K (revenue -59.3% year-over-year).
- 2015: Revenue of $17K, expenses of $11K, and assets of $12K (revenue +36.2% year-over-year).
- 2014: Revenue of $12K, expenses of $16K, and assets of $6K (revenue -37.7% year-over-year).
- 2013: Revenue of $20K, expenses of $7K, and assets of $10K (revenue +1363.8% year-over-year).
- 2012: Revenue of $1K, expenses of $5K, and assets of $733.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Specs Inc:
Data Sources and Methodology
This transparency report for Specs 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.