Spector Family Foundation
Spector Family Foundation maintains strong asset growth and zero officer compensation.
EIN: 203926141 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
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: 203926141) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $13.0M and total assets of $32.2M 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 large 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 15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $26.4M |
| Total Liabilities | $1 |
| Net Assets | $26.4M |
| Operating Margin | 55.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.7 months |
Financial Health Grade: A
In 2023, Spector Family Foundation reported a surplus of $2.2M with revenue exceeding expenses, holds 173.7 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 grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +102.8% | -8.6% | +9.3% |
| 2022 | -23.0% | +5.9% | +0.0% |
| 2021 | +150.4% | +15.3% | +3.2% |
| 2020 | -60.1% | +1.9% | -2.5% |
| 2019 | +17.8% | +31.3% | +30.3% |
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 Spector Family Foundation with a Mission Score of 90 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 $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the foundation's leadership is either unpaid or compensated through other entities, which is highly favorable for maximizing funds directed to the mission.
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:
- Lack of detailed program vs. administrative expense breakdown in provided data
Strengths
The following positive indicators were identified for Spector Family Foundation:
- Consistent asset growth, from $16.1M in 2011 to $32.2M currently
- Zero officer compensation reported across all filings
- Extremely low liabilities, often $0 or $1
- Revenue generally exceeds expenses, contributing to asset building
- Strong financial stability and conservative management
Frequently Asked Questions about Spector Family Foundation
Is Spector Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spector Family Foundation (EIN: 203926141) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Spector Family Foundation spend its money?
Spector Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spector Family Foundation tax-deductible?
Spector Family Foundation is registered as a tax-exempt nonprofit (EIN: 203926141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Spector Family Foundation a good charity?
Based on the provided financial data, the Spector Family Foundation appears to be a very well-managed and financially healthy organization. It consistently grows its assets, maintains minimal liabilities, and reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent growth, increasing from $16,173,787 in 2011 to $32,207,925 currently, demonstrating strong financial stewardship and endowment building.
What is the trend in revenue for the Spector Family Foundation?
Revenue has fluctuated year-to-year, ranging from $703,576 in 2011 to a significant peak of $13,003,092 in the latest period, indicating variability in contributions or investment returns but overall strong financial inflows.
Does the foundation have significant liabilities?
No, the foundation consistently reports extremely low liabilities, often $0 or $1, indicating a very strong financial position with minimal debt.
How does the foundation manage its administrative costs?
While specific administrative expense percentages are not detailed, the consistent reporting of 0% officer compensation strongly suggests that administrative overhead, particularly leadership salaries, is either extremely low or covered by external means, which is a positive indicator of efficiency.
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 grown by 476.5%, moving from $704K to $4.1M. Total assets increased by 63% over the same period, from $16.2M to $26.4M. Total functional expenses rose by 60.8%, from $1.1M to $1.8M. In its most recent filing year (2023), Spector Family Foundation reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $26.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $1.8M | $26.4M | $1 | — | — |
| 2022 | $2.0M | $2.0M | $24.1M | $1 | — | View 990 |
| 2021 | $2.6M | $1.9M | $24.1M | $1 | — | View 990 |
| 2020 | $1.0M | $1.6M | $23.4M | $1 | — | View 990 |
| 2019 | $2.6M | $1.6M | $24.0M | $0 | — | View 990 |
| 2015 | $2.2M | $1.2M | $18.4M | $0 | — | View 990 |
| 2014 | $2.5M | $1.2M | $17.4M | $0 | — | View 990 |
| 2013 | $753K | $1.1M | $16.1M | $0 | — | View 990 |
| 2012 | $1.2M | $996K | $16.4M | $0 | — | View 990 |
| 2011 | $704K | $1.1M | $16.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $1.8M, and assets of $26.4M (revenue +102.8% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $24.1M (revenue -23.0% year-over-year).
- 2021: Revenue of $2.6M, expenses of $1.9M, and assets of $24.1M (revenue +150.4% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.6M, and assets of $23.4M (revenue -60.1% year-over-year).
- 2019: Revenue of $2.6M, expenses of $1.6M, and assets of $24.0M (revenue +17.8% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.2M, and assets of $18.4M (revenue -12.0% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.2M, and assets of $17.4M (revenue +232.7% year-over-year).
- 2013: Revenue of $753K, expenses of $1.1M, and assets of $16.1M (revenue -39.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $996K, and assets of $16.4M (revenue +75.6% year-over-year).
- 2011: Revenue of $704K, expenses of $1.1M, and assets of $16.2M.
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.