Spectrum For Living Corporation
Spectrum For Living: Consistent Revenue, Declining Assets
EIN: 222223012 · River Vale, NJ · NTEE: P820 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $11.0M |
| Total Expenses | $10.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.5M |
| Transparency Score | 75/100 |
Is Spectrum For Living Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spectrum For Living Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spectrum For Living Corporation
Spectrum For Living Corporation (EIN: 222223012) is a nonprofit organization based in River Vale, NJ, classified under NTEE code P820. The organization reported total revenue of $11.0M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spectrum For Living Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spectrum For Living Corporation is a large nonprofit that has been operating for 39 years, with 9 years of IRS 990 filings on record (2010–2018). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.1M |
| Total Expenses | $10.2M |
| Surplus / Deficit | $-63,422 |
| Total Assets | $6.3M |
| Total Liabilities | $4.8M |
| Net Assets | $1.5M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 76.5% |
| Months of Reserves | 7.4 months |
Financial Health Grade: C
In 2018, Spectrum For Living Corporation reported a deficit of $63K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 76.5% (high leverage).
Financial Trends
Over 9 years of filings (2010–2018), Spectrum For Living Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -0.3% | +0.5% | -2.4% |
| 2017 | -1.5% | -1.9% | -4.2% |
| 2016 | +1.5% | +1.5% | -5.9% |
| 2015 | -1.6% | -1.5% | -4.6% |
| 2014 | +1.8% | +1.9% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Spectrum For Living Corporation with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Spectrum For Living Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.5%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization with over $10 million in revenue and suggests potential underreporting or alternative compensation structures.
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 Spectrum For Living Corporation's IRS 990 filings:
- Consistent reporting of $0 executive compensation despite significant revenue raises questions about financial transparency and actual compensation practices.
- A continuous decline in total assets over an eight-year period, from $8,328,962 in 2011 to $6,092,959 in 2018, without a clear explanation in public filings.
Strengths
The following positive indicators were identified for Spectrum For Living Corporation:
- Consistent revenue generation, maintaining over $10 million annually, indicates stable operational funding.
- The organization has a long history of financial filings, suggesting established operations.
Frequently Asked Questions about Spectrum For Living Corporation
Is Spectrum For Living Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spectrum For Living Corporation (EIN: 222223012) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Spectrum For Living Corporation spend its money?
Spectrum For Living Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spectrum For Living Corporation tax-deductible?
Spectrum For Living Corporation is registered as a tax-exempt nonprofit (EIN: 222223012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spectrum For Living Corporation CEO make?
Spectrum For Living Corporation's highest-compensated officer earns $0 annually. The organization reported $11.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spectrum For Living Corporation's spending goes to programs?
Spectrum For Living Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spectrum For Living Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Spectrum For Living Corporation is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spectrum For Living Corporation located?
Spectrum For Living Corporation is headquartered in River Vale, New Jersey and files with the IRS under EIN 222223012. It is classified under NTEE code P820.
How many years of IRS 990 filings does Spectrum For Living Corporation have?
Spectrum For Living Corporation has 9 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 $11.0M in total revenue.
What does Spectrum For Living Corporation do?
Spectrum For Living Corporation is a nonprofit organization in the Human Services sector, located in River Vale, New Jersey. It is classified under NTEE code P820.
How much revenue does Spectrum For Living Corporation have?
Spectrum For Living Corporation reported total revenue of $11,008,227. Based on 9 IRS 990 filings on record.
What are Spectrum For Living Corporation's total assets?
Spectrum For Living Corporation holds total assets of $6,092,959 as reported in IRS 990 filings.
Where is Spectrum For Living Corporation located?
Spectrum For Living Corporation is based in River Vale, New Jersey.
What is Spectrum For Living Corporation's EIN?
Spectrum For Living Corporation's Employer Identification Number (EIN) is 222223012. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Spectrum For Living Corporation?
Spectrum For Living Corporation is classified under NTEE code P820 (Human Services).
Is Spectrum For Living Corporation a registered 501(c)(3)?
Yes, Spectrum For Living Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222223012.
Does Spectrum For Living Corporation file IRS Form 990?
Yes, Spectrum For Living Corporation has 9 IRS Form 990 filings on record. The most recent covers tax period 201812.
What was Spectrum For Living Corporation's revenue in 2018?
In the 201812 filing period, Spectrum For Living Corporation reported total revenue of $10,120,271, total expenses of $10,183,693, and net assets of $6,250,201.
Is Spectrum For Living Corporation's revenue growing or declining?
Spectrum For Living Corporation's revenue is relatively stable. Revenue went from $10,150,029 (201712) to $10,120,271 (201812), a -0.3% change. Based on 9 filings on record.
What is Spectrum For Living Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Spectrum For Living Corporation covers tax period 201812. It shows revenue of $10,120,271, expenses of $10,183,693, total assets of $6,250,201, and liabilities of $4,778,524.
How much does Spectrum For Living Corporation spend on programs vs administration?
Based on IRS 990 analysis, Spectrum For Living Corporation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Spectrum For Living Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Spectrum For Living Corporation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Spectrum For Living Corporation?
The following concerns were identified: Consistent reporting of $0 executive compensation despite significant revenue raises questions about financial transparency and actual compensation practices.. A continuous decline in total assets over an eight-year period, from $8,328,962 in 2011 to $6,092,959 in 2018, without a clear explanation in public filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Spectrum For Living Corporation's strengths?
Positive indicators for Spectrum For Living Corporation include: Consistent revenue generation, maintaining over $10 million annually, indicates stable operational funding.. The organization has a long history of financial filings, suggesting established operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Spectrum For Living Corporation compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization with over $10 million in revenue and suggests potential underreporting or alternative compensation structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation reported, how does Spectrum For Living Corporation attract and retain leadership for an organization managing over $10 million in annual revenue?
The consistent reporting of $0 for executive compensation across all available filings is highly unusual for an organization of this size. This could indicate that compensation is being reported under different categories, paid by a related entity, or that the organization relies heavily on volunteer leadership, which would be an exceptional operational model for its scale.
What factors contribute to the continuous decline in total assets from $8,328,962 in 2011 to $6,092,959 in 2018, and what is the impact on the organization's long-term sustainability?
The steady decline in assets suggests either significant depreciation of fixed assets, substantial debt repayment, or consistent operational deficits being covered by asset liquidation. Without further detail, it raises concerns about the organization's ability to invest in future programs or maintain its infrastructure, potentially impacting long-term sustainability.
Filing History
IRS 990 filing history for Spectrum For Living Corporation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2018), Spectrum For Living Corporation's revenue has declined by 1.7%, moving from $10.3M to $10.1M. Total assets decreased by 27.2% over the same period, from $8.6M to $6.3M. Total functional expenses fell by 0.1%, from $10.2M to $10.2M. In its most recent filing year (2018), Spectrum For Living Corporation reported a deficit of $63K, with expenses exceeding revenue. The organization holds $4.8M in liabilities against $6.3M in assets (debt-to-asset ratio: 76.5%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $10.1M | $10.2M | $6.3M | $4.8M | — | View 990 |
| 2017 | $10.2M | $10.1M | $6.4M | $4.9M | — | View 990 |
| 2016 | $10.3M | $10.3M | $6.7M | $5.2M | — | View 990 |
| 2015 | $10.1M | $10.2M | $7.1M | $5.6M | — | View 990 |
| 2014 | $10.3M | $10.3M | $7.4M | $5.9M | — | View 990 |
| 2013 | $10.1M | $10.1M | $7.7M | $6.1M | — | View 990 |
| 2012 | $9.9M | $9.9M | $8.1M | $6.4M | — | View 990 |
| 2011 | $10.0M | $10.0M | $8.3M | $6.7M | — | View 990 |
| 2010 | $10.3M | $10.2M | $8.6M | $6.9M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $10.1M, expenses of $10.2M, and assets of $6.3M (revenue -0.3% year-over-year).
- 2017: Revenue of $10.2M, expenses of $10.1M, and assets of $6.4M (revenue -1.5% year-over-year).
- 2016: Revenue of $10.3M, expenses of $10.3M, and assets of $6.7M (revenue +1.5% year-over-year).
- 2015: Revenue of $10.1M, expenses of $10.2M, and assets of $7.1M (revenue -1.6% year-over-year).
- 2014: Revenue of $10.3M, expenses of $10.3M, and assets of $7.4M (revenue +1.8% year-over-year).
- 2013: Revenue of $10.1M, expenses of $10.1M, and assets of $7.7M (revenue +2.5% year-over-year).
- 2012: Revenue of $9.9M, expenses of $9.9M, and assets of $8.1M (revenue -1.2% year-over-year).
- 2011: Revenue of $10.0M, expenses of $10.0M, and assets of $8.3M (revenue -3.0% year-over-year).
- 2010: Revenue of $10.3M, expenses of $10.2M, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spectrum For Living Corporation:
Data Sources and Methodology
This transparency report for Spectrum For Living Corporation 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.