Spectrum Designs Foundation Ltd
EIN: 275020830 · Prt Washingtn, NY · NTEE: J33
Is Spectrum Designs Foundation Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spectrum Designs Foundation Ltd
Spectrum Designs Foundation Ltd (EIN: 275020830) is a nonprofit organization based in Prt Washingtn, NY, classified under NTEE code J33. The organization reported total revenue of $7.5M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spectrum Designs Foundation Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spectrum Designs Foundation Ltd is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 58.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.5M |
| Surplus / Deficit | $-99,633 |
| Total Assets | $6.3M |
| Total Liabilities | $1.8M |
| Net Assets | $4.5M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 29.0% |
| Months of Reserves | 11.7 months |
Financial Health Grade: B
In 2023, Spectrum Designs Foundation Ltd reported a deficit of $100K with expenses exceeding revenue, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 29.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spectrum Designs Foundation Ltd's revenue has grown at a compound annual growth rate (CAGR) of 58.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | -3.1% | -1.0% |
| 2022 | +1.1% | +30.7% | -3.4% |
| 2021 | +37.5% | +7.0% | +44.0% |
| 2020 | +17.4% | +42.2% | +18.3% |
| 2019 | +47.2% | +24.5% | +21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spectrum Designs Foundation Ltd 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 Designs Foundation Ltd 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 $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.0%.
Frequently Asked Questions about Spectrum Designs Foundation Ltd
Is Spectrum Designs Foundation Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Spectrum Designs Foundation Ltd (EIN: 275020830) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spectrum Designs Foundation Ltd spend its money?
Detailed spending breakdown data is not yet available for Spectrum Designs Foundation Ltd. Check back for updated IRS 990 analysis.
Are donations to Spectrum Designs Foundation Ltd tax-deductible?
Spectrum Designs Foundation Ltd is registered as a tax-exempt nonprofit (EIN: 275020830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Spectrum Designs Foundation Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spectrum Designs Foundation Ltd's revenue has grown by 25743%, moving from $25K to $6.4M. Total assets increased by 7108.2% over the same period, from $88K to $6.3M. Total functional expenses rose by 10102.3%, from $64K to $6.5M. In its most recent filing year (2023), Spectrum Designs Foundation Ltd reported a deficit of $100K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $6.3M in assets (debt-to-asset ratio: 29.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.5M | $6.3M | $1.8M | — | View 990 |
| 2022 | $6.8M | $6.7M | $6.4M | $1.8M | — | — |
| 2021 | $6.7M | $5.1M | $6.6M | $2.2M | — | View 990 |
| 2020 | $4.9M | $4.8M | $4.6M | $1.8M | — | — |
| 2019 | $4.2M | $3.4M | $3.9M | $1.2M | — | View 990 |
| 2018 | $2.8M | $2.7M | $3.2M | $1.3M | — | View 990 |
| 2017 | $1.2M | $587K | $3.1M | $1.3M | — | View 990 |
| 2016 | $1.0M | $359K | $1.2M | $67K | — | View 990 |
| 2015 | $466K | $247K | $533K | $111K | — | View 990 |
| 2014 | $477K | $285K | $396K | $193K | — | View 990 |
| 2013 | $295K | $245K | $208K | $197K | — | View 990 |
| 2012 | $108K | $109K | $188K | $229K | — | View 990 |
| 2011 | $25K | $64K | $88K | $127K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $6.5M, and assets of $6.3M (revenue -6.4% year-over-year).
- 2022: Revenue of $6.8M, expenses of $6.7M, and assets of $6.4M (revenue +1.1% year-over-year).
- 2021: Revenue of $6.7M, expenses of $5.1M, and assets of $6.6M (revenue +37.5% year-over-year).
- 2020: Revenue of $4.9M, expenses of $4.8M, and assets of $4.6M (revenue +17.4% year-over-year).
- 2019: Revenue of $4.2M, expenses of $3.4M, and assets of $3.9M (revenue +47.2% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.7M, and assets of $3.2M (revenue +129.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $587K, and assets of $3.1M (revenue +19.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $359K, and assets of $1.2M (revenue +121.9% year-over-year).
- 2015: Revenue of $466K, expenses of $247K, and assets of $533K (revenue -2.3% year-over-year).
- 2014: Revenue of $477K, expenses of $285K, and assets of $396K (revenue +61.6% year-over-year).
- 2013: Revenue of $295K, expenses of $245K, and assets of $208K (revenue +174.1% year-over-year).
- 2012: Revenue of $108K, expenses of $109K, and assets of $188K (revenue +336.6% year-over-year).
- 2011: Revenue of $25K, expenses of $64K, and assets of $88K.
Data Sources and Methodology
This transparency report for Spectrum Designs Foundation Ltd 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.