Spectrum Center
EIN: 465720984 · Hattiesburg, MS · NTEE: R26
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $93K |
| Net Assets | $68K |
Is Spectrum Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spectrum Center
Spectrum Center (EIN: 465720984) is a nonprofit organization based in Hattiesburg, MS, classified under NTEE code R26. The organization reported total revenue of $58K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spectrum Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spectrum Center is a micro nonprofit that has been operating for 11 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 46.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $93K |
| Surplus / Deficit | $-787 |
| Total Assets | $84K |
| Total Liabilities | $16K |
| Net Assets | $68K |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 18.7% |
| Months of Reserves | 10.9 months |
Financial Health Grade: B
In 2023, Spectrum Center reported a deficit of $787 with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 18.7% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Spectrum Center's revenue has grown at a compound annual growth rate (CAGR) of 46.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.0% | +115.5% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spectrum Center 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 Spectrum Center 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $787, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.7%.
Frequently Asked Questions about Spectrum Center
Is Spectrum Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Spectrum Center (EIN: 465720984) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spectrum Center spend its money?
Detailed spending breakdown data is not yet available for Spectrum Center. Check back for updated IRS 990 analysis.
Are donations to Spectrum Center tax-deductible?
Spectrum Center is registered as a tax-exempt nonprofit (EIN: 465720984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spectrum Center located?
Spectrum Center is headquartered in Hattiesburg, Mississippi and files with the IRS under EIN 465720984. It is classified under NTEE code R26.
How many years of IRS 990 filings does Spectrum Center have?
Spectrum Center has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $58K in total revenue.
Filing History
IRS 990 filing history for Spectrum Center showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Spectrum Center's revenue has grown by 46%, moving from $63K to $92K. Total assets decreased by 14.3% over the same period, from $98K to $84K. Total functional expenses rose by 115.5%, from $43K to $93K. In its most recent filing year (2023), Spectrum Center reported a deficit of $787, with expenses exceeding revenue. The organization holds $16K in liabilities against $84K in assets (debt-to-asset ratio: 18.7%), resulting in net assets of $68K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92K | $93K | $84K | $16K | — | — |
| 2022 | $63K | $43K | $98K | $28K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spectrum Center:
Data Sources and Methodology
This transparency report for Spectrum Center 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.