Spector Family Foundation
Spector Family Foundation maintains strong asset growth and minimal liabilities with zero officer compensation despite volatile revenue.
EIN: 202059717 · Las Vegas, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $312K |
| Total Expenses | $133K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $973,399 |
| Net Assets | $944K |
| Transparency Score | 85/100 |
Is Spector Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spector Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spector Family Foundation
Spector Family Foundation (EIN: 202059717) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T22. The organization reported total revenue of $312K and total assets of $973K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spector Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spector Family Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $192K |
| Total Expenses | $133K |
| Surplus / Deficit | +$59K |
| Total Assets | $944K |
| Total Liabilities | $1 |
| Net Assets | $944K |
| Operating Margin | 30.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 85.1 months |
Financial Health Grade: A
In 2023, Spector Family Foundation reported a surplus of $59K with revenue exceeding expenses, holds 85.1 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), Spector Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -77.8% | +26.6% | +12.8% |
| 2022 | +6530.8% | +73449.0% | -1.2% |
| 2021 | +26.8% | -24.3% | +42.0% |
| 2020 | +8.9% | -99.4% | +15.0% |
| 2019 | -68.7% | +20.1% | +32.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Spector Family 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Spector Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Spector Family Foundation reports 0% officer compensation across all ten available IRS 990 filings, indicating that no executive salaries are paid, which is highly unusual for an organization of its asset size ($973,399) and contributes significantly to spending efficiency.
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 Spector Family Foundation's IRS 990 filings:
- Highly volatile annual revenue, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Spector Family Foundation:
- Consistent asset growth over the past decade, indicating strong financial management.
- Extremely low liabilities, often reported as $1, signifying excellent financial stability.
- 0% officer compensation reported across all filings, demonstrating exceptional spending efficiency and dedication of resources to mission.
- Consistent filing of IRS Form 990s, indicating good transparency and compliance.
- Expenses generally well-controlled relative to revenue and assets.
Frequently Asked Questions about Spector Family Foundation
Is Spector Family Foundation a legitimate charity?
Spector Family Foundation (EIN: 202059717) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $312K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Spector Family Foundation spend its money?
Spector Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Spector Family Foundation tax-deductible?
Spector Family Foundation is registered as a tax-exempt nonprofit (EIN: 202059717). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spector Family Foundation CEO make?
Spector Family Foundation's highest-compensated officer earns $973,399 annually. The organization reported $312K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Spector Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spector Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spector Family Foundation located?
Spector Family Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 202059717. It is classified under NTEE code T22.
How many years of IRS 990 filings does Spector Family Foundation have?
Spector Family 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 $312K in total revenue.
Is Spector Family Foundation a good charity?
Based on the provided financial data, the Spector Family Foundation appears to be a financially sound organization with strong asset growth, minimal liabilities, and a notable commitment to efficiency by reporting zero officer compensation. This suggests a high proportion of funds are available for programmatic activities, making it a potentially good charity from a financial health perspective.
How does Spector Family Foundation manage its expenses?
The foundation manages its expenses very efficiently, with total expenses often significantly lower than revenue and consistently minimal liabilities. The most striking aspect is the reported 0% officer compensation across all filings, indicating a lean operational structure where executive salaries do not consume organizational resources.
What is the financial stability of Spector Family Foundation?
The Spector Family Foundation demonstrates strong financial stability, evidenced by consistent asset growth from $250,201 in 2011 to $973,399 in the latest period, and consistently minimal liabilities (often $1). This indicates a healthy balance sheet and low financial risk.
Why is the revenue so inconsistent for Spector Family Foundation?
The revenue for Spector Family Foundation has been highly inconsistent, ranging from $13,036 in 2021 to $864,390 in 2022. This volatility could be due to reliance on a few large, infrequent donations, investment income fluctuations, or specific grant cycles, rather than a broad base of consistent funding.
Filing History
IRS 990 filing history for Spector Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Spector Family Foundation's revenue has declined by 61.8%, moving from $503K to $192K. Total assets increased by 277.5% over the same period, from $250K to $944K. Total functional expenses fell by 73.4%, from $500K to $133K. In its most recent filing year (2023), Spector Family Foundation reported a surplus of $59K, with revenue exceeding expenses. The organization holds $1 in liabilities against $944K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $944K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $192K | $133K | $944K | $1 | — | — |
| 2022 | $864K | $105K | $837K | $180 | — | View 990 |
| 2021 | $13K | $143 | $848K | $1 | — | View 990 |
| 2020 | $10K | $189 | $597K | $1 | — | View 990 |
| 2019 | $9K | $30K | $519K | $1 | — | View 990 |
| 2015 | $30K | $25K | $392K | $1 | — | View 990 |
| 2014 | $80K | $75K | $415K | $1 | — | View 990 |
| 2013 | $29K | $25K | $377K | $1 | — | View 990 |
| 2012 | $79K | $75K | $274K | $0 | — | View 990 |
| 2011 | $503K | $500K | $250K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $192K, expenses of $133K, and assets of $944K (revenue -77.8% year-over-year).
- 2022: Revenue of $864K, expenses of $105K, and assets of $837K (revenue +6530.8% year-over-year).
- 2021: Revenue of $13K, expenses of $143, and assets of $848K (revenue +26.8% year-over-year).
- 2020: Revenue of $10K, expenses of $189, and assets of $597K (revenue +8.9% year-over-year).
- 2019: Revenue of $9K, expenses of $30K, and assets of $519K (revenue -68.7% year-over-year).
- 2015: Revenue of $30K, expenses of $25K, and assets of $392K (revenue -62.1% year-over-year).
- 2014: Revenue of $80K, expenses of $75K, and assets of $415K (revenue +173.1% year-over-year).
- 2013: Revenue of $29K, expenses of $25K, and assets of $377K (revenue -62.9% year-over-year).
- 2012: Revenue of $79K, expenses of $75K, and assets of $274K (revenue -84.4% year-over-year).
- 2011: Revenue of $503K, expenses of $500K, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spector Family Foundation:
Data Sources and Methodology
This transparency report for Spector Family 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.