Spirit Of Springfield Inc
Spirit Of Springfield Inc: Consistent Revenue, Modest Asset Growth, and Stable Leadership
EIN: 223036584 · Springfield, MA · NTEE: S220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.6M |
| Program Spending | 75% |
| Net Assets | $974K |
| Transparency Score | 75/100 |
Is Spirit Of Springfield Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spirit Of Springfield Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spirit Of Springfield Inc
Spirit Of Springfield Inc (EIN: 223036584) is a nonprofit organization based in Springfield, MA, classified under NTEE code S220. The organization reported total revenue of $1.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spirit Of Springfield Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spirit Of Springfield Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$261K |
| Total Assets | $1.2M |
| Total Liabilities | $269K |
| Net Assets | $974K |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 21.6% |
| Months of Reserves | 9.5 months |
Financial Health Grade: A
In 2023, Spirit Of Springfield Inc reported a surplus of $261K with revenue exceeding expenses, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 21.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spirit Of Springfield Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +4.7% | +39.7% |
| 2022 | +17.0% | +43.0% | +8.9% |
| 2021 | -1.2% | -32.1% | +62.5% |
| 2020 | +5.5% | +12.3% | +31.7% |
| 2019 | +7.5% | +4.2% | +11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Springfield Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Spirit Of Springfield Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $261K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's revenue and asset size, with no reported compensation for the highest paid individual in recent filings, suggesting a volunteer or very low-paid leadership structure.
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 Springfield Inc's IRS 990 filings:
- While assets have grown, the liquidity ratio (current assets to current liabilities) has fluctuated, indicating potential short-term financial management considerations.
- The organization reported zero compensation for its highest-paid individuals in recent filings, which could indicate reliance on volunteers or a lack of transparency if compensation is being routed differently.
Strengths
The following positive indicators were identified for Spirit Of Springfield Inc:
- Spirit Of Springfield Inc has demonstrated consistent revenue generation over the past several years, indicating stable community support.
- The organization maintains a healthy asset base, growing from $343,789 in 2018 to $1,249,519 in 2023, enhancing its long-term sustainability.
- The mission is clearly defined and focused on community events, which aligns with its program spending.
Frequently Asked Questions about Spirit Of Springfield Inc
Is Spirit Of Springfield Inc a legitimate charity?
Spirit Of Springfield Inc (EIN: 223036584) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Spirit Of Springfield Inc spend its money?
Spirit Of Springfield Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Spirit Of Springfield Inc tax-deductible?
Spirit Of Springfield Inc is registered as a tax-exempt nonprofit (EIN: 223036584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spirit Of Springfield Inc's spending goes to programs?
Spirit Of Springfield Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spirit Of Springfield Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Spirit Of Springfield Inc is above average for NTEE category S220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spirit Of Springfield Inc located?
Spirit Of Springfield Inc is headquartered in Springfield, Massachusetts and files with the IRS under EIN 223036584. It is classified under NTEE code S220.
How many years of IRS 990 filings does Spirit Of Springfield Inc have?
Spirit Of Springfield 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 $1.9M in total revenue.
What does Spirit Of Springfield Inc do?
Spirit Of Springfield Inc is a nonprofit organization in the Community Improvement sector, located in Springfield, Massachusetts. It is classified under NTEE code S220.
How much revenue does Spirit Of Springfield Inc have?
Spirit Of Springfield Inc reported total revenue of $1,908,987. Based on 13 IRS 990 filings on record.
What are Spirit Of Springfield Inc's total assets?
Spirit Of Springfield Inc holds total assets of $1,249,519 as reported in IRS 990 filings.
Where is Spirit Of Springfield Inc located?
Spirit Of Springfield Inc is based in Springfield, Massachusetts.
What is Spirit Of Springfield Inc's EIN?
Spirit Of Springfield Inc's Employer Identification Number (EIN) is 223036584. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Spirit Of Springfield Inc?
Spirit Of Springfield Inc is classified under NTEE code S220 (Community Improvement).
Is Spirit Of Springfield Inc a registered 501(c)(3)?
Yes, Spirit Of Springfield Inc is recognized as a tax-exempt organization by the IRS. EIN: 223036584.
Does Spirit Of Springfield Inc file IRS Form 990?
Yes, Spirit Of Springfield Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Spirit Of Springfield Inc's revenue in 2023?
In the 202306 filing period, Spirit Of Springfield Inc reported total revenue of $1,822,554, total expenses of $1,561,086, and net assets of $1,242,348.
Is Spirit Of Springfield Inc's revenue growing or declining?
Spirit Of Springfield Inc's revenue is growing. Revenue went from $1,703,972 (202206) to $1,822,554 (202306), a +7.0% change. Based on 13 filings on record.
What is Spirit Of Springfield Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Spirit Of Springfield Inc covers tax period 202306. It shows revenue of $1,822,554, expenses of $1,561,086, total assets of $1,242,348, and liabilities of $268,747.
How much does Spirit Of Springfield Inc spend on programs vs administration?
Based on IRS 990 analysis, Spirit Of Springfield Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Spirit Of Springfield Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Spirit Of Springfield Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Spirit Of Springfield Inc?
The following concerns were identified: While assets have grown, the liquidity ratio (current assets to current liabilities) has fluctuated, indicating potential short-term financial management considerations.. The organization reported zero compensation for its highest-paid individuals in recent filings, which could indicate reliance on volunteers or a lack of transparency if compensation is being routed differently.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Spirit Of Springfield Inc's strengths?
Positive indicators for Spirit Of Springfield Inc include: Spirit Of Springfield Inc has demonstrated consistent revenue generation over the past several years, indicating stable community support.. The organization maintains a healthy asset base, growing from $343,789 in 2018 to $1,249,519 in 2023, enhancing its long-term sustainability.. The mission is clearly defined and focused on community events, which aligns with its program spending.. These findings are derived from AI analysis of the organization's financial filings.
How does Spirit Of Springfield Inc compensate executives?
Executive compensation appears reasonable given the organization's revenue and asset size, with no reported compensation for the highest paid individual in recent filings, suggesting a volunteer or very low-paid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 compensation for the highest-paid individuals, how does Spirit Of Springfield Inc ensure sustained leadership and operational management, and what are the potential implications for long-term stability?
The reported $0 compensation suggests a strong reliance on volunteer leadership or a structure where key personnel are compensated through other means not directly reported as salary on the 990. This model can foster community engagement but may pose challenges for attracting and retaining professional talent, potentially impacting long-term strategic planning and operational continuity.
With revenue consistently around $1.3M-$1.9M, what strategies does the organization employ to diversify its funding sources and mitigate risks associated with reliance on specific event-based income?
While the filings show consistent revenue, the nature of 'Spirit Of Springfield' suggests a strong tie to local events. Diversifying funding beyond event-specific income, perhaps through broader corporate sponsorships, individual donor campaigns, or grants not tied to specific events, would enhance financial resilience against unforeseen disruptions to event scheduling or attendance.
Filing History
IRS 990 filing history for Spirit Of Springfield Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spirit Of Springfield Inc's revenue has grown by 56.5%, moving from $1.2M to $1.8M. Total assets increased by 162.4% over the same period, from $474K to $1.2M. Total functional expenses rose by 34.8%, from $1.2M to $1.6M. In its most recent filing year (2023), Spirit Of Springfield Inc reported a surplus of $261K, with revenue exceeding expenses. The organization holds $269K in liabilities against $1.2M in assets (debt-to-asset ratio: 21.6%), resulting in net assets of $974K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.6M | $1.2M | $269K | — | — |
| 2022 | $1.7M | $1.5M | $889K | $177K | — | View 990 |
| 2021 | $1.5M | $1.0M | $817K | $318K | — | View 990 |
| 2020 | $1.5M | $1.5M | $503K | $418K | — | View 990 |
| 2019 | $1.4M | $1.4M | $382K | $235K | — | View 990 |
| 2018 | $1.3M | $1.3M | $344K | $228K | — | View 990 |
| 2017 | $1.2M | $1.3M | $451K | $324K | — | View 990 |
| 2016 | $1.3M | $1.4M | $355K | $179K | — | View 990 |
| 2015 | $1.3M | $1.3M | $348K | $154K | — | View 990 |
| 2014 | $1.1M | $1.2M | $386K | $238K | — | View 990 |
| 2013 | $1.3M | $1.2M | $490K | $221K | — | View 990 |
| 2012 | $1.2M | $1.3M | $384K | $222K | — | View 990 |
| 2011 | $1.2M | $1.2M | $474K | $258K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.6M, and assets of $1.2M (revenue +7.0% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.5M, and assets of $889K (revenue +17.0% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.0M, and assets of $817K (revenue -1.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.5M, and assets of $503K (revenue +5.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $382K (revenue +7.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $344K (revenue +4.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $451K (revenue -6.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $355K (revenue -1.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $348K (revenue +21.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $386K (revenue -13.2% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $490K (revenue +6.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $384K (revenue +3.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $474K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spirit Of Springfield Inc:
Data Sources and Methodology
This transparency report for Spirit Of Springfield 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.