Spectrum For Living Group Homes Inc
Spectrum For Living: Consistent Revenue, High Program Spending
EIN: 222529364 · River Vale, NJ · NTEE: P73Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $23.7M |
| Program Spending | 99% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Spectrum For Living Group Homes Inc 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 Group Homes Inc directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spectrum For Living Group Homes Inc
Spectrum For Living Group Homes Inc (EIN: 222529364) is a nonprofit organization based in River Vale, NJ, classified under NTEE code P73Z. The organization reported total revenue of $7.9M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spectrum For Living Group Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spectrum For Living Group Homes Inc is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2010–2019). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.6M |
| Total Expenses | $23.7M |
| Surplus / Deficit | $-91,413 |
| Total Assets | $7.0M |
| Total Liabilities | $4.1M |
| Net Assets | $2.9M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 58.9% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2019, Spectrum For Living Group Homes Inc reported a deficit of $91K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 58.9% (high leverage).
Financial Trends
Over 10 years of filings (2010–2019), Spectrum For Living Group Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -1.0% | +0.8% | -23.5% |
| 2018 | -5.8% | -8.2% | +54.8% |
| 2017 | -3.0% | -2.7% | -7.7% |
| 2016 | +0.7% | +1.4% | -10.2% |
| 2015 | +1.7% | +2.2% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Group Homes Inc 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Spectrum For Living Group Homes Inc allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $91K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no compensation reported for key employees in the summarized filings.
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 Group Homes Inc's IRS 990 filings:
- Lack of detailed executive compensation information in the provided data summary.
- No clear indication of an independent board or governance structure beyond basic financial filings.
Strengths
The following positive indicators were identified for Spectrum For Living Group Homes Inc:
- Consistently high percentage of spending on programs (99% in 2019).
- Stable revenue streams over multiple years, indicating consistent operations.
- Low administrative and fundraising costs, maximizing impact per dollar.
- Positive net assets reported across all years, demonstrating financial stability.
Frequently Asked Questions about Spectrum For Living Group Homes Inc
Is Spectrum For Living Group Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spectrum For Living Group Homes Inc (EIN: 222529364) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Spectrum For Living Group Homes Inc spend its money?
Spectrum For Living Group Homes Inc directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spectrum For Living Group Homes Inc tax-deductible?
Spectrum For Living Group Homes Inc is registered as a tax-exempt nonprofit (EIN: 222529364). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Spectrum For Living Group Homes Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spectrum For Living Group Homes Inc is above average for NTEE category P73Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spectrum For Living Group Homes Inc located?
Spectrum For Living Group Homes Inc is headquartered in River Vale, New Jersey and files with the IRS under EIN 222529364. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Spectrum For Living Group Homes Inc have?
Spectrum For Living Group Homes Inc 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 $7.9M in total revenue.
What does Spectrum For Living Group Homes Inc do?
Spectrum For Living Group Homes Inc is a nonprofit organization in the Human Services sector, located in River Vale, New Jersey. It is classified under NTEE code P73Z.
How much revenue does Spectrum For Living Group Homes Inc have?
Spectrum For Living Group Homes Inc reported total revenue of $7,920,986. Based on 10 IRS 990 filings on record.
What are Spectrum For Living Group Homes Inc's total assets?
Spectrum For Living Group Homes Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Spectrum For Living Group Homes Inc located?
Spectrum For Living Group Homes Inc is based in River Vale, New Jersey.
What is Spectrum For Living Group Homes Inc's EIN?
Spectrum For Living Group Homes Inc's Employer Identification Number (EIN) is 222529364. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Spectrum For Living Group Homes Inc?
Spectrum For Living Group Homes Inc is classified under NTEE code P73Z (Human Services).
Is Spectrum For Living Group Homes Inc a registered 501(c)(3)?
Yes, Spectrum For Living Group Homes Inc is recognized as a tax-exempt organization by the IRS. EIN: 222529364.
Does Spectrum For Living Group Homes Inc file IRS Form 990?
Yes, Spectrum For Living Group Homes Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 201912.
What was Spectrum For Living Group Homes Inc's revenue in 2019?
In the 201912 filing period, Spectrum For Living Group Homes Inc reported total revenue of $23,649,388, total expenses of $23,740,801, and net assets of $7,022,149.
Is Spectrum For Living Group Homes Inc's revenue growing or declining?
Spectrum For Living Group Homes Inc's revenue is relatively stable. Revenue went from $23,879,265 (201812) to $23,649,388 (201912), a -1.0% change. Based on 10 filings on record.
What is Spectrum For Living Group Homes Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Spectrum For Living Group Homes Inc covers tax period 201912. It shows revenue of $23,649,388, expenses of $23,740,801, total assets of $7,022,149, and liabilities of $4,132,859.
How much does Spectrum For Living Group Homes Inc spend on programs vs administration?
Based on IRS 990 analysis, Spectrum For Living Group Homes Inc allocates approximately 99% of expenses to program services, 1% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Spectrum For Living Group Homes Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Spectrum For Living Group Homes Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Spectrum For Living Group Homes Inc?
The following concerns were identified: Lack of detailed executive compensation information in the provided data summary.. No clear indication of an independent board or governance structure beyond basic financial filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Spectrum For Living Group Homes Inc's strengths?
Positive indicators for Spectrum For Living Group Homes Inc include: Consistently high percentage of spending on programs (99% in 2019).. Stable revenue streams over multiple years, indicating consistent operations.. Low administrative and fundraising costs, maximizing impact per dollar.. Positive net assets reported across all years, demonstrating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Spectrum For Living Group Homes Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no compensation reported for key employees in the summarized filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for compensation, does Spectrum For Living Group Homes Inc. rely solely on volunteer leadership, or is executive compensation simply not captured in this summary format?
The 'c0%' likely indicates that no compensation was reported for key employees in the summarized IRS filings. It's possible executives are compensated through other means not captured here, or the organization relies heavily on volunteers or low-paid staff for leadership roles.
How does Spectrum For Living Group Homes Inc. maintain such a high program spending percentage while also showing consistent revenue and asset growth?
The organization appears to be highly efficient in its operations, minimizing overhead. The consistent revenue and asset growth suggest effective management of resources, potentially through stable funding sources and careful cost control, allowing nearly all expenditures to directly support programs.
Filing History
IRS 990 filing history for Spectrum For Living Group Homes Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2019), Spectrum For Living Group Homes Inc's revenue has grown by 19%, moving from $19.9M to $23.6M. Total assets increased by 90.6% over the same period, from $3.7M to $7.0M. Total functional expenses rose by 17.6%, from $20.2M to $23.7M. In its most recent filing year (2019), Spectrum For Living Group Homes Inc reported a deficit of $91K, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $7.0M in assets (debt-to-asset ratio: 58.9%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $23.6M | $23.7M | $7.0M | $4.1M | — | View 990 |
| 2018 | $23.9M | $23.5M | $9.2M | $6.2M | — | View 990 |
| 2017 | $25.4M | $25.7M | $5.9M | $3.3M | — | View 990 |
| 2016 | $26.1M | $26.4M | $6.4M | $3.5M | — | View 990 |
| 2015 | $26.0M | $26.0M | $7.2M | $4.0M | — | View 990 |
| 2014 | $25.5M | $25.4M | $7.1M | $3.9M | — | View 990 |
| 2013 | $25.0M | $24.8M | $5.3M | $2.1M | — | View 990 |
| 2012 | $23.5M | $23.2M | $4.3M | $1.4M | — | View 990 |
| 2011 | $23.4M | $23.5M | $3.9M | $1.3M | — | View 990 |
| 2010 | $19.9M | $20.2M | $3.7M | $866K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $23.6M, expenses of $23.7M, and assets of $7.0M (revenue -1.0% year-over-year).
- 2018: Revenue of $23.9M, expenses of $23.5M, and assets of $9.2M (revenue -5.8% year-over-year).
- 2017: Revenue of $25.4M, expenses of $25.7M, and assets of $5.9M (revenue -3.0% year-over-year).
- 2016: Revenue of $26.1M, expenses of $26.4M, and assets of $6.4M (revenue +0.7% year-over-year).
- 2015: Revenue of $26.0M, expenses of $26.0M, and assets of $7.2M (revenue +1.7% year-over-year).
- 2014: Revenue of $25.5M, expenses of $25.4M, and assets of $7.1M (revenue +1.9% year-over-year).
- 2013: Revenue of $25.0M, expenses of $24.8M, and assets of $5.3M (revenue +6.7% year-over-year).
- 2012: Revenue of $23.5M, expenses of $23.2M, and assets of $4.3M (revenue +0.4% year-over-year).
- 2011: Revenue of $23.4M, expenses of $23.5M, and assets of $3.9M (revenue +17.6% year-over-year).
- 2010: Revenue of $19.9M, expenses of $20.2M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spectrum For Living Group Homes Inc:
Data Sources and Methodology
This transparency report for Spectrum For Living Group Homes Inc 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.