Spencer Development Corporation
EIN: 237139531 · Spencer, SD
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $67K |
| Net Assets | $239K |
Is Spencer Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spencer Development Corporation
Spencer Development Corporation (EIN: 237139531) is a nonprofit organization based in Spencer, SD. The organization reported total revenue of $71K and total assets of $245K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spencer Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spencer Development Corporation is a micro nonprofit that has been operating for 55 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $67K |
| Surplus / Deficit | +$871 |
| Total Assets | $245K |
| Total Liabilities | $6K |
| Net Assets | $239K |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 43.5 months |
Financial Health Grade: A
In 2023, Spencer Development Corporation reported a surplus of $871 with revenue exceeding expenses, holds 43.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Spencer Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | -6.1% | +0.0% |
| 2022 | +8.5% | -0.3% | -4.0% |
| 2021 | +8.7% | +11.4% | -8.2% |
| 2019 | -2.8% | -28.6% | -3.9% |
| 2018 | +9.3% | +33.4% | -11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spencer Development Corporation 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 Spencer Development Corporation 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 surplus of $871, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Frequently Asked Questions about Spencer Development Corporation
Is Spencer Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spencer Development Corporation (EIN: 237139531) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spencer Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Spencer Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Spencer Development Corporation tax-deductible?
Spencer Development Corporation is registered as a tax-exempt nonprofit (EIN: 237139531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spencer Development Corporation located?
Spencer Development Corporation is headquartered in Spencer, South Dakota and files with the IRS under EIN 237139531.
How many years of IRS 990 filings does Spencer Development Corporation have?
Spencer Development Corporation has 12 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 $71K in total revenue.
Filing History
IRS 990 filing history for Spencer Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Spencer Development Corporation's revenue has grown by 3.4%, moving from $66K to $68K. Total assets decreased by 48.3% over the same period, from $473K to $245K. Total functional expenses rose by 24%, from $54K to $67K. In its most recent filing year (2023), Spencer Development Corporation reported a surplus of $871, with revenue exceeding expenses. The organization holds $6K in liabilities against $245K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $239K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $67K | $245K | $6K | — | — |
| 2022 | $64K | $72K | $245K | $7K | — | View 990 |
| 2021 | $59K | $72K | $255K | $9K | — | — |
| 2019 | $54K | $65K | $278K | $13K | — | View 990 |
| 2018 | $56K | $91K | $289K | $14K | — | View 990 |
| 2017 | $51K | $68K | $327K | $17K | — | View 990 |
| 2016 | $41K | $70K | $345K | $18K | — | View 990 |
| 2015 | $46K | $64K | $379K | $22K | — | View 990 |
| 2014 | $53K | $67K | $403K | $28K | — | View 990 |
| 2013 | $58K | $69K | $421K | $32K | — | View 990 |
| 2012 | $69K | $104K | $435K | $35K | — | View 990 |
| 2011 | $66K | $54K | $473K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $67K, and assets of $245K (revenue +6.9% year-over-year).
- 2022: Revenue of $64K, expenses of $72K, and assets of $245K (revenue +8.5% year-over-year).
- 2021: Revenue of $59K, expenses of $72K, and assets of $255K (revenue +8.7% year-over-year).
- 2019: Revenue of $54K, expenses of $65K, and assets of $278K (revenue -2.8% year-over-year).
- 2018: Revenue of $56K, expenses of $91K, and assets of $289K (revenue +9.3% year-over-year).
- 2017: Revenue of $51K, expenses of $68K, and assets of $327K (revenue +25.8% year-over-year).
- 2016: Revenue of $41K, expenses of $70K, and assets of $345K (revenue -11.8% year-over-year).
- 2015: Revenue of $46K, expenses of $64K, and assets of $379K (revenue -13.6% year-over-year).
- 2014: Revenue of $53K, expenses of $67K, and assets of $403K (revenue -8.2% year-over-year).
- 2013: Revenue of $58K, expenses of $69K, and assets of $421K (revenue -16.2% year-over-year).
- 2012: Revenue of $69K, expenses of $104K, and assets of $435K (revenue +4.5% year-over-year).
- 2011: Revenue of $66K, expenses of $54K, and assets of $473K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spencer Development Corporation:
Data Sources and Methodology
This transparency report for Spencer Development 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.