Spence Family Memorial Tr
EIN: 731357758 · Sayre, OK · NTEE: B82
Is Spence Family Memorial Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spence Family Memorial Tr
Spence Family Memorial Tr (EIN: 731357758) is a nonprofit organization based in Sayre, OK, classified under NTEE code B82. The organization reported total revenue of $647 and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spence Family Memorial Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Spence Family Memorial Tr 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 Spence Family Memorial Tr 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.
Frequently Asked Questions about Spence Family Memorial Tr
Is Spence Family Memorial Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Spence Family Memorial Tr (EIN: 731357758) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spence Family Memorial Tr spend its money?
Detailed spending breakdown data is not yet available for Spence Family Memorial Tr. Check back for updated IRS 990 analysis.
Are donations to Spence Family Memorial Tr tax-deductible?
Spence Family Memorial Tr is registered as a tax-exempt nonprofit (EIN: 731357758). 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 Spence Family Memorial Tr showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Spence Family Memorial Tr's revenue has declined by 68%, moving from $2K to $746. Total assets decreased by 2.4% over the same period, from $52K to $51K. Total functional expenses fell by 84.9%, from $2K to $294. In its most recent filing year (2019), Spence Family Memorial Tr reported a surplus of $452, with revenue exceeding expenses. The organization holds $1 in liabilities against $51K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $51K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $746 | $294 | $51K | $1 | — | View 990 |
| 2015 | $276 | $310 | $51K | $1 | — | View 990 |
| 2014 | $314 | $808 | $51K | $1 | — | View 990 |
| 2013 | $678 | $793 | $51K | $1 | — | View 990 |
| 2012 | $1K | $2K | $51K | $1 | — | View 990 |
| 2011 | $2K | $2K | $52K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $746, expenses of $294, and assets of $51K (revenue +170.3% year-over-year).
- 2015: Revenue of $276, expenses of $310, and assets of $51K (revenue -12.1% year-over-year).
- 2014: Revenue of $314, expenses of $808, and assets of $51K (revenue -53.7% year-over-year).
- 2013: Revenue of $678, expenses of $793, and assets of $51K (revenue -46.6% year-over-year).
- 2012: Revenue of $1K, expenses of $2K, and assets of $51K (revenue -45.6% year-over-year).
- 2011: Revenue of $2K, expenses of $2K, and assets of $52K.
Data Sources and Methodology
This transparency report for Spence Family Memorial Tr 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.