Spensers Underground Inc
EIN: 272463559 · Spirit Lake, IA · NTEE: O20
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $23K |
| Net Assets | $74K |
Is Spensers Underground Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spensers Underground Inc
Spensers Underground Inc (EIN: 272463559) is a nonprofit organization based in Spirit Lake, IA, classified under NTEE code O20. The organization reported total revenue of $27K and total assets of $170K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spensers Underground Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spensers Underground Inc is a micro nonprofit that has been operating for 15 years, with 7 years of IRS 990 filings on record (2014–2020). Revenue has grown at a compound annual rate of -14.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $23K |
| Surplus / Deficit | +$4K |
| Total Assets | $170K |
| Total Liabilities | $96K |
| Net Assets | $74K |
| Operating Margin | 15.6% |
| Debt-to-Asset Ratio | 56.4% |
| Months of Reserves | 90.1 months |
Financial Health Grade: A
In 2020, Spensers Underground Inc reported a surplus of $4K with revenue exceeding expenses, holds 90.1 months of operating reserves (strong position), has a debt-to-asset ratio of 56.4% (high leverage).
Financial Trends
Over 7 years of filings (2014–2020), Spensers Underground Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +81.1% | +49.3% | +827.8% |
| 2019 | -59.9% | -55.4% | -63.0% |
| 2018 | -54.5% | -57.9% | +58.6% |
| 2017 | +74.6% | +159.9% | +102.9% |
| 2016 | -2.9% | -56.0% | +121.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spensers Underground Inc 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 Spensers Underground Inc 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.4%.
Frequently Asked Questions about Spensers Underground Inc
Is Spensers Underground Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spensers Underground Inc (EIN: 272463559) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spensers Underground Inc spend its money?
Detailed spending breakdown data is not yet available for Spensers Underground Inc. Check back for updated IRS 990 analysis.
Are donations to Spensers Underground Inc tax-deductible?
Spensers Underground Inc is registered as a tax-exempt nonprofit (EIN: 272463559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spensers Underground Inc located?
Spensers Underground Inc is headquartered in Spirit Lake, Iowa and files with the IRS under EIN 272463559. It is classified under NTEE code O20.
How many years of IRS 990 filings does Spensers Underground Inc have?
Spensers Underground Inc has 7 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 $27K in total revenue.
Filing History
IRS 990 filing history for Spensers Underground Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2020), Spensers Underground Inc's revenue has declined by 60.7%, moving from $68K to $27K. Total assets increased by 472.1% over the same period, from $30K to $170K. Total functional expenses fell by 41.2%, from $39K to $23K. In its most recent filing year (2020), Spensers Underground Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $96K in liabilities against $170K in assets (debt-to-asset ratio: 56.4%), resulting in net assets of $74K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $27K | $23K | $170K | $96K | — | — |
| 2019 | $15K | $15K | $18K | $0 | — | — |
| 2018 | $37K | $34K | $50K | $31K | — | View 990 |
| 2017 | $81K | $81K | $31K | $16K | — | View 990 |
| 2016 | $47K | $31K | $15K | $0 | — | View 990 |
| 2015 | $48K | $71K | $7K | $0 | — | View 990 |
| 2014 | $68K | $39K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $27K, expenses of $23K, and assets of $170K (revenue +81.1% year-over-year).
- 2019: Revenue of $15K, expenses of $15K, and assets of $18K (revenue -59.9% year-over-year).
- 2018: Revenue of $37K, expenses of $34K, and assets of $50K (revenue -54.5% year-over-year).
- 2017: Revenue of $81K, expenses of $81K, and assets of $31K (revenue +74.6% year-over-year).
- 2016: Revenue of $47K, expenses of $31K, and assets of $15K (revenue -2.9% year-over-year).
- 2015: Revenue of $48K, expenses of $71K, and assets of $7K (revenue -29.8% year-over-year).
- 2014: Revenue of $68K, expenses of $39K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spensers Underground Inc:
Data Sources and Methodology
This transparency report for Spensers Underground 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.