Spectrum Studios
EIN: 862305425 · Kennewick, WA · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $235K |
| Total Expenses | $153K |
Is Spectrum Studios Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spectrum Studios
Spectrum Studios (EIN: 862305425) is a nonprofit organization based in Kennewick, WA, classified under NTEE code P50. The organization reported total revenue of $235K and total assets of $143K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spectrum Studios's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spectrum Studios is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2021–2022). Revenue has grown at a compound annual rate of 87.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $153K |
| Surplus / Deficit | $-29,741 |
| Total Assets | $-29,741 |
| Net Assets | $-29,741 |
| Operating Margin | -24.1% |
| Months of Reserves | -2.3 months |
Financial Health Grade: C
In 2022, Spectrum Studios reported a deficit of $30K with expenses exceeding revenue, holds -2.3 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2021–2022), Spectrum Studios's revenue has grown at a compound annual growth rate (CAGR) of 87.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +87.9% | +92.4% | -115.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spectrum Studios 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 Studios 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
Frequently Asked Questions about Spectrum Studios
Is Spectrum Studios a legitimate charity?
Spectrum Studios (EIN: 862305425) is a registered tax-exempt nonprofit based in Washington. It has 2 years of IRS 990 filings on record. Total revenue: $235K. No red flags identified. Financial health grade: C.
How does Spectrum Studios spend its money?
Spectrum Studios reported $235K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Spectrum Studios tax-deductible?
Spectrum Studios is registered as a tax-exempt nonprofit (EIN: 862305425). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spectrum Studios located?
Spectrum Studios is headquartered in Kennewick, Washington and files with the IRS under EIN 862305425. It is classified under NTEE code P50.
How many years of IRS 990 filings does Spectrum Studios have?
Spectrum Studios 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 $235K in total revenue.
Filing History
IRS 990 filing history for Spectrum Studios showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2022), Spectrum Studios's revenue has grown by 87.9%, moving from $66K to $123K. Total assets decreased by 115.3% over the same period, from $195K to $-29,741. Total functional expenses rose by 92.4%, from $80K to $153K. In its most recent filing year (2022), Spectrum Studios reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $123K | $153K | $-29,741 | $0 | — | View 990 |
| 2021 | $66K | $80K | $195K | $195K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spectrum Studios:
Data Sources and Methodology
This transparency report for Spectrum Studios 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.