Spirit Of America Worldwide
Spirit Of America Worldwide shows rapid growth and zero reported executive compensation.
EIN: 201687786 · Arlington, VA · NTEE: Q30 · Updated: 2026-03-28
Is Spirit Of America Worldwide Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spirit Of America Worldwide directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spirit Of America Worldwide
Spirit Of America Worldwide (EIN: 201687786) is a nonprofit organization based in Arlington, VA, classified under NTEE code Q30. The organization reported total revenue of $26.0M and total assets of $32.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spirit Of America Worldwide's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spirit Of America Worldwide is a large nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.3M |
| Total Expenses | $35.2M |
| Surplus / Deficit | +$6.1M |
| Total Assets | $35.3M |
| Total Liabilities | $4.1M |
| Net Assets | $31.3M |
| Operating Margin | 14.8% |
| Debt-to-Asset Ratio | 11.5% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2023, Spirit Of America Worldwide reported a surplus of $6.1M with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Spirit Of America Worldwide's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.1% | -3.6% | +37.7% |
| 2022 | +421.0% | +431.0% | +119.7% |
| 2021 | +236.9% | +73.0% | +28.9% |
| 2020 | -61.7% | -20.8% | -6.6% |
| 2019 | +47.3% | +15.2% | +33.0% |
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 Of America Worldwide with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Spirit Of America Worldwide allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $6.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.5%.
Executive Compensation Analysis
Spirit Of America Worldwide consistently reports 0% officer compensation across all 14 available IRS 990 filings, indicating that executive leadership does not receive salaries from the organization, which is highly unusual for an organization of its size with over $41 million in revenue in 2023.
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 Of America Worldwide's IRS 990 filings:
- Rapid increase in liabilities from $507,406 in 2022 to $4,075,665 in 2023, which warrants further investigation into its nature.
Strengths
The following positive indicators were identified for Spirit Of America Worldwide:
- Consistent 0% officer compensation across all filings, indicating high dedication to mission.
- Significant and rapid growth in revenue, from $9.6M in 2021 to $41.3M in 2023.
- Strong asset growth, reaching $35.3M in 2023.
- Healthy surplus of revenue over expenses in recent years (e.g., $41.3M revenue vs $35.2M expenses in 2023).
Frequently Asked Questions about Spirit Of America Worldwide
Is Spirit Of America Worldwide a legitimate charity?
Based on AI analysis of IRS 990 filings, Spirit Of America Worldwide (EIN: 201687786) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Spirit Of America Worldwide spend its money?
Spirit Of America Worldwide directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spirit Of America Worldwide tax-deductible?
Spirit Of America Worldwide is registered as a tax-exempt nonprofit (EIN: 201687786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Spirit Of America Worldwide a good charity?
Based on the provided financial data, Spirit Of America Worldwide appears to be a very good charity. It demonstrates strong financial health, rapid growth in revenue and assets, and notably reports 0% officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How has Spirit Of America Worldwide's financial health changed over time?
Spirit Of America Worldwide has experienced significant financial growth, particularly from 2021 to 2023. Revenue surged from $9,682,917 in 2021 to $50,448,912 in 2022, and then $41,331,321 in 2023. Assets also grew dramatically from $11,674,125 in 2021 to $35,329,272 in 2023, indicating robust financial expansion.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It means that the organization's top executives are not drawing salaries from the charity, which is a strong indicator of volunteer leadership or external funding for executive salaries, allowing more donor money to go directly to programs.
Filing History
IRS 990 filing history for Spirit Of America Worldwide showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Spirit Of America Worldwide's revenue has grown by 854.1%, moving from $4.3M to $41.3M. Total assets increased by 3526% over the same period, from $974K to $35.3M. Total functional expenses rose by 754%, from $4.1M to $35.2M. In its most recent filing year (2023), Spirit Of America Worldwide reported a surplus of $6.1M, with revenue exceeding expenses. The organization holds $4.1M in liabilities against $35.3M in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $31.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.3M | $35.2M | $35.3M | $4.1M | — | View 990 |
| 2022 | $50.4M | $36.6M | $25.7M | $507K | — | View 990 |
| 2021 | $9.7M | $6.9M | $11.7M | $385K | — | View 990 |
| 2020 | $2.9M | $4.0M | $9.1M | $566K | — | — |
| 2019 | $7.5M | $5.0M | $9.7M | $109K | — | View 990 |
| 2018 | $5.1M | $4.4M | $7.3M | $194K | — | View 990 |
| 2017 | $4.5M | $3.6M | $6.6M | $229K | — | — |
| 2016 | $5.5M | $2.8M | $5.6M | $131K | — | View 990 |
| 2015 | $2.5M | $2.4M | $2.8M | $99K | — | View 990 |
| 2014 | $3.2M | $1.6M | $2.7M | $156K | — | View 990 |
| 2013 | $1.6M | $1.2M | $1.1M | $87K | — | View 990 |
| 2012 | $1.5M | $1.8M | $735K | $75K | — | View 990 |
| 2011 | $1.6M | $1.5M | $1.0M | $51K | — | View 990 |
| 2010 | $4.3M | $4.1M | $974K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.3M, expenses of $35.2M, and assets of $35.3M (revenue -18.1% year-over-year).
- 2022: Revenue of $50.4M, expenses of $36.6M, and assets of $25.7M (revenue +421.0% year-over-year).
- 2021: Revenue of $9.7M, expenses of $6.9M, and assets of $11.7M (revenue +236.9% year-over-year).
- 2020: Revenue of $2.9M, expenses of $4.0M, and assets of $9.1M (revenue -61.7% year-over-year).
- 2019: Revenue of $7.5M, expenses of $5.0M, and assets of $9.7M (revenue +47.3% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.4M, and assets of $7.3M (revenue +12.5% year-over-year).
- 2017: Revenue of $4.5M, expenses of $3.6M, and assets of $6.6M (revenue -18.4% year-over-year).
- 2016: Revenue of $5.5M, expenses of $2.8M, and assets of $5.6M (revenue +123.6% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.4M, and assets of $2.8M (revenue -22.6% year-over-year).
- 2014: Revenue of $3.2M, expenses of $1.6M, and assets of $2.7M (revenue +106.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $1.1M (revenue +3.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.8M, and assets of $735K (revenue -4.0% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $1.0M (revenue -64.0% year-over-year).
- 2010: Revenue of $4.3M, expenses of $4.1M, and assets of $974K.
Data Sources and Methodology
This transparency report for Spirit Of America Worldwide 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.