Spirit Airlines Charitable Foundation
EIN: 824556510 · Dania Beach, FL · NTEE: T20
Is Spirit Airlines Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spirit Airlines Charitable Foundation
Spirit Airlines Charitable Foundation (EIN: 824556510) is a nonprofit organization based in Dania Beach, FL, classified under NTEE code T20. The organization reported total revenue of $874K and total assets of $648K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spirit Airlines Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spirit Airlines Charitable Foundation is a small nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 36.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-52,788 |
| Total Assets | $606K |
| Total Liabilities | $1 |
| Net Assets | $606K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Spirit Airlines Charitable Foundation reported a deficit of $53K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2018–2023), Spirit Airlines Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 36.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | +48.0% | -8.0% |
| 2022 | +24598.2% | +143.5% | +141.6% |
| 2021 | -98.2% | +105.9% | +136.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spirit Airlines Charitable Foundation 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 Spirit Airlines Charitable Foundation 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 deficit of $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Spirit Airlines Charitable Foundation
Is Spirit Airlines Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spirit Airlines Charitable Foundation (EIN: 824556510) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spirit Airlines Charitable Foundation spend its money?
Detailed spending breakdown data is not yet available for Spirit Airlines Charitable Foundation. Check back for updated IRS 990 analysis.
Are donations to Spirit Airlines Charitable Foundation tax-deductible?
Spirit Airlines Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 824556510). 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 Spirit Airlines Charitable Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2023), Spirit Airlines Charitable Foundation's revenue has grown by 371.9%, moving from $336K to $1.6M. Total assets increased by 425.9% over the same period, from $115K to $606K. Total functional expenses rose by 642.4%, from $220K to $1.6M. In its most recent filing year (2023), Spirit Airlines Charitable Foundation reported a deficit of $53K, with expenses exceeding revenue. The organization holds $1 in liabilities against $606K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $606K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $606K | $1 | — | — |
| 2022 | $1.5M | $1.1M | $659K | $1 | — | View 990 |
| 2021 | $6K | $454K | $273K | $1 | — | View 990 |
| 2018 | $336K | $220K | $115K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $606K (revenue +6.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.1M, and assets of $659K (revenue +24598.2% year-over-year).
- 2021: Revenue of $6K, expenses of $454K, and assets of $273K (revenue -98.2% year-over-year).
- 2018: Revenue of $336K, expenses of $220K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spirit Airlines Charitable Foundation:
Data Sources and Methodology
This transparency report for Spirit Airlines Charitable Foundation 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.