Spirit Hollow
Spirit Hollow consistently operates near break-even with no officer compensation, showing recent asset growth.
EIN: 10801372 · N Bennington, VT · NTEE: X99 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $136K |
| Total Expenses | $68K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $135,687. |
| Net Assets | $2K |
| Transparency Score | 75/100 |
Is Spirit Hollow Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spirit Hollow directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spirit Hollow
Spirit Hollow (EIN: 10801372) is a nonprofit organization based in N Bennington, VT, classified under NTEE code X99. The organization reported total revenue of $136K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spirit Hollow's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spirit Hollow is a small nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $68K |
| Surplus / Deficit | +$291 |
| Total Assets | $5K |
| Total Liabilities | $3K |
| Net Assets | $2K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 64.4% |
| Months of Reserves | 0.9 months |
Financial Health Grade: B
In 2023, Spirit Hollow reported a surplus of $291 with revenue exceeding expenses, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 64.4% (high leverage).
Financial Trends
Over 8 years of filings (2011–2023), Spirit Hollow's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.2% | +3.1% | +51.7% |
| 2022 | -12.6% | +11.5% | -54.0% |
| 2021 | +170.0% | +131.7% | +1768.6% |
| 2020 | -56.1% | -54.4% | -73.0% |
| 2019 | -6.4% | -9.6% | -61.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Spirit Hollow with a Mission Score of 75 out of 100 (Good). 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, Spirit Hollow 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 $291, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.4%.
Executive Compensation Analysis
Spirit Hollow reports 0% officer compensation across all available filings, indicating a volunteer-led or very lean executive structure, which is highly efficient for an organization of its size with latest revenue of $135,687.
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.
Red Flags
The following concerns were identified during AI analysis of Spirit Hollow's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data makes full spending efficiency assessment difficult.
- Significant, unexplained jump in assets in the latest period compared to previous years.
Strengths
The following positive indicators were identified for Spirit Hollow:
- Consistent operation with revenues generally covering expenses.
- Zero officer compensation across all reported periods, indicating efficient executive management.
- Consistent IRS 990 filing history, demonstrating transparency.
- Positive net assets in most recent filings, indicating financial solvency.
Frequently Asked Questions about Spirit Hollow
Is Spirit Hollow a legitimate charity?
Based on AI analysis of IRS 990 filings, Spirit Hollow (EIN: 10801372) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Spirit Hollow spend its money?
Spirit Hollow directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spirit Hollow tax-deductible?
Spirit Hollow is registered as a tax-exempt nonprofit (EIN: 10801372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spirit Hollow CEO make?
Spirit Hollow's highest-compensated officer earns $135,687. annually. The organization reported $136K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spirit Hollow's spending goes to programs?
Spirit Hollow directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spirit Hollow compare to similar nonprofits?
With a transparency score of 75/100 (Good), Spirit Hollow is above average for NTEE category X99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spirit Hollow located?
Spirit Hollow is headquartered in N Bennington, Vermont and files with the IRS under EIN 10801372. It is classified under NTEE code X99.
How many years of IRS 990 filings does Spirit Hollow have?
Spirit Hollow has 8 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 $136K in total revenue.
What caused the significant increase in assets from $5,109 in 2023 to $64,137 in the latest period?
The provided data shows a substantial jump in assets. Understanding if this is due to a specific donation, investment gains, or a change in accounting for certain resources would provide clarity on the organization's financial strategy and stability.
How does Spirit Hollow allocate its expenses between program services, administration, and fundraising?
Without a detailed functional expense breakdown, it's challenging to fully assess spending efficiency. While the overall expenses are close to revenue, knowing the proportion dedicated to direct program delivery is crucial for evaluating impact.
What is the nature of the liabilities reported, such as the $3,289 in 2023 and $4,254 in 2022?
Understanding the nature of these liabilities (e.g., accounts payable, deferred revenue, short-term loans) would provide insight into the organization's short-term financial obligations and cash flow management.
Filing History
IRS 990 filing history for Spirit Hollow showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Spirit Hollow's revenue has grown by 49.4%, moving from $46K to $68K. Total assets increased by 604.7% over the same period, from $725 to $5K. Total functional expenses rose by 51.2%, from $45K to $68K. In its most recent filing year (2023), Spirit Hollow reported a surplus of $291, with revenue exceeding expenses. The organization holds $3K in liabilities against $5K in assets (debt-to-asset ratio: 64.4%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $68K | $5K | $3K | — | View 990 |
| 2022 | $58K | $66K | $3K | $4K | — | View 990 |
| 2021 | $66K | $59K | $7K | $0 | — | — |
| 2020 | $25K | $26K | $392 | $0 | — | — |
| 2019 | $56K | $56K | $1K | $0 | — | View 990 |
| 2018 | $60K | $62K | $4K | $0 | — | View 990 |
| 2017 | $53K | $51K | $6K | $0 | — | View 990 |
| 2011 | $46K | $45K | $725 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $68K, and assets of $5K (revenue +18.2% year-over-year).
- 2022: Revenue of $58K, expenses of $66K, and assets of $3K (revenue -12.6% year-over-year).
- 2021: Revenue of $66K, expenses of $59K, and assets of $7K (revenue +170.0% year-over-year).
- 2020: Revenue of $25K, expenses of $26K, and assets of $392 (revenue -56.1% year-over-year).
- 2019: Revenue of $56K, expenses of $56K, and assets of $1K (revenue -6.4% year-over-year).
- 2018: Revenue of $60K, expenses of $62K, and assets of $4K (revenue +13.6% year-over-year).
- 2017: Revenue of $53K, expenses of $51K, and assets of $6K (revenue +14.7% year-over-year).
- 2011: Revenue of $46K, expenses of $45K, and assets of $725.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spirit Hollow:
Data Sources and Methodology
This transparency report for Spirit Hollow 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.