Spiritual Cultural Society Inc
Spiritual Cultural Society Inc operates with minimal assets despite growing revenue, indicating potential liquidity challenges.
EIN: 201574393 · Indianapolis, IN · NTEE: X99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $581K |
| Total Expenses | $704K |
| Program Spending | 90% |
| Net Assets | $2K |
| Transparency Score | 65/100 |
Is Spiritual Cultural Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spiritual Cultural Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spiritual Cultural Society Inc
Spiritual Cultural Society Inc (EIN: 201574393) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code X99. The organization reported total revenue of $581K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spiritual Cultural Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spiritual Cultural Society Inc is a small nonprofit that has been operating for 22 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 94.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $705K |
| Total Expenses | $704K |
| Surplus / Deficit | +$1K |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Spiritual Cultural Society Inc reported a surplus of $1K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Spiritual Cultural Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 94.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | -3.3% | +177.3% |
| 2022 | +273.2% | +335.1% | -97.1% |
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 Spiritual Cultural Society Inc with a Mission Score of 65 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Spiritual Cultural Society Inc 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly efficient and suggests all funds are directed towards the organization's mission rather than executive salaries.
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 Spiritual Cultural Society Inc's IRS 990 filings:
- Extremely low asset base relative to revenue ($5,477 assets vs. $581,072 latest revenue)
- Expenses frequently match or exceed revenue, indicating tight operating margins (e.g., 202212: $727,585 expenses vs. $696,000 revenue)
- Potential liquidity risk due to minimal reserves
Strengths
The following positive indicators were identified for Spiritual Cultural Society Inc:
- 0% officer compensation reported across all filings, indicating high efficiency in executive pay
- Significant revenue growth over the past three years
- Strong program spending focus implied by 0% officer compensation and NTEE code X99 (unknown/unclassified)
Frequently Asked Questions about Spiritual Cultural Society Inc
Is Spiritual Cultural Society Inc a legitimate charity?
Spiritual Cultural Society Inc (EIN: 201574393) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 65/100. It has 3 years of IRS 990 filings on record. Total revenue: $581K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Spiritual Cultural Society Inc spend its money?
Spiritual Cultural Society Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Spiritual Cultural Society Inc tax-deductible?
Spiritual Cultural Society Inc is registered as a tax-exempt nonprofit (EIN: 201574393). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spiritual Cultural Society Inc's spending goes to programs?
Spiritual Cultural Society Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spiritual Cultural Society Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Spiritual Cultural Society Inc 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 Spiritual Cultural Society Inc located?
Spiritual Cultural Society Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 201574393. It is classified under NTEE code X99.
How many years of IRS 990 filings does Spiritual Cultural Society Inc have?
Spiritual Cultural Society Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $581K in total revenue.
Is Spiritual Cultural Society Inc financially stable?
Based on the data, Spiritual Cultural Society Inc shows signs of financial instability. Its assets of $5,477 are extremely low compared to its latest revenue of $581,072, indicating a lack of reserves and potential liquidity issues.
How has the organization's revenue trended?
The organization's revenue has shown significant growth, increasing from $186,500 in 202112 to $705,419 in 202312, though the latest reported revenue is $581,072.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a highly efficient approach where no funds are allocated to executive salaries.
Filing History
IRS 990 filing history for Spiritual Cultural Society Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Spiritual Cultural Society Inc's revenue has grown by 278.2%, moving from $187K to $705K. Total assets decreased by 92.1% over the same period, from $20K to $2K. Total functional expenses rose by 321%, from $167K to $704K. In its most recent filing year (2023), Spiritual Cultural Society Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $705K | $704K | $2K | $1 | — | — |
| 2022 | $696K | $728K | $572 | $1 | — | View 990 |
| 2021 | $187K | $167K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $705K, expenses of $704K, and assets of $2K (revenue +1.4% year-over-year).
- 2022: Revenue of $696K, expenses of $728K, and assets of $572 (revenue +273.2% year-over-year).
- 2021: Revenue of $187K, expenses of $167K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spiritual Cultural Society Inc:
Data Sources and Methodology
This transparency report for Spiritual Cultural Society 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.