Spin Inc
Spin Inc shows improving financial health with growing assets and no reported officer compensation.
EIN: 208243914 · Aberdeen, MD · NTEE: F30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $188K |
| Total Expenses | $151K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $115,500 |
| Net Assets | $15K |
| Transparency Score | 90/100 |
Is Spin Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spin Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spin Inc
Spin Inc (EIN: 208243914) is a nonprofit organization based in Aberdeen, MD, classified under NTEE code F30. The organization reported total revenue of $188K and total assets of $101K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spin Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spin Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $151K |
| Surplus / Deficit | +$16K |
| Total Assets | $104K |
| Total Liabilities | $89K |
| Net Assets | $15K |
| Operating Margin | 9.7% |
| Debt-to-Asset Ratio | 85.5% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Spin Inc reported a surplus of $16K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 85.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spin Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.0% | +9.2% | +3212.0% |
| 2022 | +12.7% | +10.8% | -48.7% |
| 2021 | -2.1% | -0.8% | -29.7% |
| 2020 | -7.7% | -11.1% | +285.5% |
| 2019 | +9.7% | +12.3% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Spin Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Spin Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 85.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly favorable for a nonprofit of its size with revenues ranging from $115,500 to $167,769.
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.
Strengths
The following positive indicators were identified for Spin Inc:
- Consistent IRS 990 filing history (13 filings) demonstrating transparency.
- Significant asset growth from $3,132 in 2022 to $103,733 in 2023, indicating improved financial health.
- 0% reported officer compensation across all available filings, suggesting high efficiency in directing funds to mission.
- Revenues generally exceeding expenses in recent periods (e.g., $167,769 revenue vs. $151,449 expenses in 2023), leading to surpluses.
Frequently Asked Questions about Spin Inc
Is Spin Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spin Inc (EIN: 208243914) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Spin Inc spend its money?
Spin Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spin Inc tax-deductible?
Spin Inc is registered as a tax-exempt nonprofit (EIN: 208243914). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spin Inc CEO make?
Spin Inc's highest-compensated officer earns $115,500 annually. The organization reported $188K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spin Inc's spending goes to programs?
Spin Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spin Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Spin Inc is above average for NTEE category F30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spin Inc located?
Spin Inc is headquartered in Aberdeen, Maryland and files with the IRS under EIN 208243914. It is classified under NTEE code F30.
How many years of IRS 990 filings does Spin Inc have?
Spin Inc has 13 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 $188K in total revenue.
Is Spin Inc a good charity?
Based on the available financial data, Spin Inc appears to be a good charity. It consistently files its IRS 990s, shows improving financial health with growing assets, and reports 0% officer compensation, suggesting a strong commitment to its mission.
How has Spin Inc's financial stability changed over time?
Spin Inc's financial stability has significantly improved, especially in recent years. Assets jumped from $3,132 in 2022 to $103,733 in 2023, and revenues have generally exceeded expenses since 2020, indicating a positive trend.
What is Spin Inc's approach to executive compensation?
Spin Inc reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation, which is a strong positive for donor confidence.
Filing History
IRS 990 filing history for Spin Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spin Inc's revenue has grown by 45.2%, moving from $116K to $168K. Total assets increased by 739.2% over the same period, from $12K to $104K. Total functional expenses rose by 44.2%, from $105K to $151K. In its most recent filing year (2023), Spin Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $89K in liabilities against $104K in assets (debt-to-asset ratio: 85.5%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $168K | $151K | $104K | $89K | — | View 990 |
| 2022 | $141K | $139K | $3K | $2K | — | View 990 |
| 2021 | $125K | $125K | $6K | $8K | — | View 990 |
| 2020 | $128K | $126K | $9K | $10K | — | View 990 |
| 2019 | $139K | $142K | $2K | $5K | — | View 990 |
| 2018 | $126K | $126K | $3K | $2K | — | View 990 |
| 2017 | $122K | $124K | $3K | $2K | — | View 990 |
| 2016 | $116K | $120K | $6K | $3K | — | View 990 |
| 2015 | $117K | $121K | $8K | $3K | — | View 990 |
| 2014 | $117K | $128K | $16K | $6K | — | View 990 |
| 2013 | $116K | $124K | $24K | $2K | — | View 990 |
| 2012 | $135K | $117K | $33K | $4K | — | View 990 |
| 2011 | $116K | $105K | $12K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $168K, expenses of $151K, and assets of $104K (revenue +19.0% year-over-year).
- 2022: Revenue of $141K, expenses of $139K, and assets of $3K (revenue +12.7% year-over-year).
- 2021: Revenue of $125K, expenses of $125K, and assets of $6K (revenue -2.1% year-over-year).
- 2020: Revenue of $128K, expenses of $126K, and assets of $9K (revenue -7.7% year-over-year).
- 2019: Revenue of $139K, expenses of $142K, and assets of $2K (revenue +9.7% year-over-year).
- 2018: Revenue of $126K, expenses of $126K, and assets of $3K (revenue +3.6% year-over-year).
- 2017: Revenue of $122K, expenses of $124K, and assets of $3K (revenue +5.5% year-over-year).
- 2016: Revenue of $116K, expenses of $120K, and assets of $6K (revenue -1.3% year-over-year).
- 2015: Revenue of $117K, expenses of $121K, and assets of $8K (revenue +0.4% year-over-year).
- 2014: Revenue of $117K, expenses of $128K, and assets of $16K (revenue +0.2% year-over-year).
- 2013: Revenue of $116K, expenses of $124K, and assets of $24K (revenue -13.8% year-over-year).
- 2012: Revenue of $135K, expenses of $117K, and assets of $33K (revenue +16.7% year-over-year).
- 2011: Revenue of $116K, expenses of $105K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spin Inc:
Data Sources and Methodology
This transparency report for Spin 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.