Spiritco Inc
Spiritco Inc: Transparent Spending and Strong Mission Focus
EIN: 223142301 · Mattapan, MA · NTEE: S20 · Updated: 2026-05-12
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Spiritco Inc is mapped to EIN 223142301.
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60% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $477K |
| Total Expenses | $222K |
| Program Spending | 60% |
| Net Assets | $2.5M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Spiritco Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Spiritco Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Spiritco Inc in one place.
Form 990 Filing Summary
16 filing years are available, with latest revenue of $285K and expenses of $222K.
Revenue and Expenses
Spiritco Inc reported $285K in revenue and $222K in expenses, a surplus of $62K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 1 strength are shown from structured and AI review.
Is Spiritco Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $133K (60%) |
Across stored filings, Spiritco Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 60% to programs | Below Average |
| Financial durability | Grade A | 16 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Community Improvement context |
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Mattapan, MA nonprofitsCommunity Improvement in Massachusetts
Public Benefit in Massachusetts
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Spiritco Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Spiritco Inc
Spiritco Inc (EIN: 223142301) is a nonprofit organization based in Mattapan, MA, classified under NTEE code S20. The organization reported total revenue of $477K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spiritco Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spiritco Inc is a small nonprofit that has been operating for 3 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $285K |
| Total Expenses | $222K |
| Surplus / Deficit | +$62K |
| Total Assets | $2.7M |
| Total Liabilities | $195K |
| Net Assets | $2.5M |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 146.0 months |
Financial Health Grade: A
In 2023, Spiritco Inc reported a surplus of $62K with revenue exceeding expenses, holds 146.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 16 years of filings (2008–2023), Spiritco Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.3% | -24.0% | +4.9% |
| 2022 | +22.4% | +33.7% | -10.6% |
| 2021 | -11.2% | +8.9% | +4.6% |
| 2020 | +11.4% | -3.1% | +5.7% |
| 2019 | -0.8% | -4.9% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 Spiritco Inc with a Mission Score of 85 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: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Spiritco Inc allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.2%.
Executive Compensation Analysis
Executive compensation has remained stable over the years, with no significant increases.
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 Spiritco Inc's IRS 990 filings:
- No significant changes in spending categories over the past five years.
Strengths
The following positive indicators were identified for Spiritco Inc:
- Consistent and detailed financial reporting.
Frequently Asked Questions about Spiritco Inc
Is Spiritco Inc a legitimate charity?
Spiritco Inc (EIN: 223142301) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 16 years of IRS 990 filings on record. Total revenue: $477K. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Spiritco Inc spend its money?
Spiritco Inc directs 60% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Spiritco Inc tax-deductible?
Spiritco Inc is registered as a tax-exempt nonprofit (EIN: 223142301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spiritco Inc's spending goes to programs?
Spiritco Inc directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Spiritco Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spiritco Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spiritco Inc located?
Spiritco Inc is headquartered in Mattapan, Massachusetts and files with the IRS under EIN 223142301. It is classified under NTEE code S20.
How many years of IRS 990 filings does Spiritco Inc have?
Spiritco Inc has 16 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 $477K in total revenue.
What does Spiritco Inc do?
Spiritco Inc is a nonprofit organization in the Community Improvement sector, located in Mattapan, Massachusetts. It is classified under NTEE code S20.
How much revenue does Spiritco Inc have?
Spiritco Inc reported total revenue of $477,062. Based on 16 IRS 990 filings on record.
What are Spiritco Inc's total assets?
Spiritco Inc holds total assets of $2,832,715 as reported in IRS 990 filings.
Where is Spiritco Inc located?
Spiritco Inc is based in Mattapan, Massachusetts.
What is Spiritco Inc's EIN?
Spiritco Inc's Employer Identification Number (EIN) is 223142301. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Spiritco Inc?
Spiritco Inc is classified under NTEE code S20 (Community Improvement).
Is Spiritco Inc a registered 501(c)(3)?
Yes, Spiritco Inc is recognized as a tax-exempt organization by the IRS. EIN: 223142301.
Does Spiritco Inc file IRS Form 990?
Yes, Spiritco Inc has 16 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Spiritco Inc's revenue in 2023?
In the 202312 filing period, Spiritco Inc reported total revenue of $284,924, total expenses of $222,437, and net assets of $2,706,684.
Is Spiritco Inc's revenue growing or declining?
Spiritco Inc's revenue is declining. Revenue went from $321,197 (202212) to $284,924 (202312), a -11.3% change. Based on 16 filings on record.
What is Spiritco Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Spiritco Inc covers tax period 202312. It shows revenue of $284,924, expenses of $222,437, total assets of $2,706,684, and liabilities of $194,734.
How much does Spiritco Inc spend on programs vs administration?
Based on IRS 990 analysis, Spiritco Inc allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Spiritco Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Spiritco Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Spiritco Inc?
The following concerns were identified: No significant changes in spending categories over the past five years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Spiritco Inc's strengths?
Positive indicators for Spiritco Inc include: Consistent and detailed financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Spiritco Inc compensate executives?
Executive compensation has remained stable over the years, with no significant increases. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Spiritco Inc ensure transparency in its spending?
Spiritco Inc provides detailed annual reports that clearly outline revenue and expenses, with program expenses consistently accounting for over 60% of total expenses.
What is the trend in executive compensation at Spiritco Inc?
Executive compensation has remained stable over the years, with no significant increases, indicating a focus on mission over personal compensation.
How does Spiritco Inc manage its administrative expenses?
Administrative expenses remain under 30% of total expenses, suggesting efficient operations and a strong focus on mission.
Filing History
IRS 990 filing history for Spiritco Inc showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Spiritco Inc's revenue has grown by 67.6%, moving from $170K to $285K. Total assets increased by 7.5% over the same period, from $2.5M to $2.7M. Total functional expenses rose by 9.1%, from $204K to $222K. In its most recent filing year (2023), Spiritco Inc reported a surplus of $62K, with revenue exceeding expenses. The organization holds $195K in liabilities against $2.7M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $285K | $222K | $2.7M | $195K | — | — |
| 2022 | $321K | $293K | $2.6M | $275K | — | View 990 |
| 2021 | $262K | $219K | $2.9M | $315K | — | View 990 |
| 2020 | $296K | $201K | $2.8M | $363K | — | View 990 |
| 2019 | $265K | $208K | $2.6M | $411K | — | — |
| 2018 | $267K | $218K | $2.5M | $447K | — | — |
| 2017 | $258K | $219K | $2.5M | $490K | — | — |
| 2016 | $236K | $218K | $2.4M | $526K | — | — |
| 2015 | $215K | $242K | $2.4M | $565K | — | — |
| 2014 | $237K | $224K | $2.5M | $598K | — | — |
| 2013 | $253K | $212K | $2.5M | $635K | — | — |
| 2012 | $234K | $223K | $2.5M | $667K | — | — |
| 2011 | $225K | $223K | $2.5M | $698K | — | — |
| 2010 | $214K | $219K | $2.6M | $720K | — | — |
| 2009 | $192K | $207K | $2.6M | $753K | — | — |
| 2008 | $170K | $204K | $2.5M | $768K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $285K, expenses of $222K, and assets of $2.7M (revenue -11.3% year-over-year).
- 2022: Revenue of $321K, expenses of $293K, and assets of $2.6M (revenue +22.4% year-over-year).
- 2021: Revenue of $262K, expenses of $219K, and assets of $2.9M (revenue -11.2% year-over-year).
- 2020: Revenue of $296K, expenses of $201K, and assets of $2.8M (revenue +11.4% year-over-year).
- 2019: Revenue of $265K, expenses of $208K, and assets of $2.6M (revenue -0.8% year-over-year).
- 2018: Revenue of $267K, expenses of $218K, and assets of $2.5M (revenue +3.6% year-over-year).
- 2017: Revenue of $258K, expenses of $219K, and assets of $2.5M (revenue +9.4% year-over-year).
- 2016: Revenue of $236K, expenses of $218K, and assets of $2.4M (revenue +9.9% year-over-year).
- 2015: Revenue of $215K, expenses of $242K, and assets of $2.4M (revenue -9.6% year-over-year).
- 2014: Revenue of $237K, expenses of $224K, and assets of $2.5M (revenue -6.1% year-over-year).
- 2013: Revenue of $253K, expenses of $212K, and assets of $2.5M (revenue +7.9% year-over-year).
- 2012: Revenue of $234K, expenses of $223K, and assets of $2.5M (revenue +3.9% year-over-year).
- 2011: Revenue of $225K, expenses of $223K, and assets of $2.5M (revenue +5.4% year-over-year).
- 2010: Revenue of $214K, expenses of $219K, and assets of $2.6M (revenue +11.6% year-over-year).
- 2009: Revenue of $192K, expenses of $207K, and assets of $2.6M (revenue +12.7% year-over-year).
- 2008: Revenue of $170K, expenses of $204K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spiritco Inc:
Data Sources and Methodology
This transparency report for Spiritco 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.