Spiritual Innovations Inc
Spiritual Innovations Inc. experiences significant operating deficit in 2024 despite revenue growth.
EIN: 205518030 · Roswell, GA · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $271K |
| Program Spending | 70% |
| Net Assets | $78K |
| Transparency Score | 70/100 |
Is Spiritual Innovations Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spiritual Innovations Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Spiritual Innovations Inc
Spiritual Innovations Inc (EIN: 205518030) is a nonprofit organization based in Roswell, GA, classified under NTEE code X20. The organization reported total revenue of $236K and total assets of $80K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spiritual Innovations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spiritual Innovations Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 38.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $271K |
| Surplus / Deficit | $-76,287 |
| Total Assets | $80K |
| Total Liabilities | $1K |
| Net Assets | $78K |
| Operating Margin | -39.2% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2024, Spiritual Innovations Inc reported a deficit of $76K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Spiritual Innovations Inc's revenue has grown at a compound annual growth rate (CAGR) of 38.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -33.4% | +69.4% | -48.5% |
| 2023 | +26.9% | -16.8% | +99.4% |
| 2022 | +88.1% | +113.3% | +82.7% |
| 2021 | -9.9% | -36.9% | +319.3% |
| 2020 | +25.1% | +55.1% | -40.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Innovations Inc with a Mission Score of 70 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Spiritual Innovations Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Spiritual Innovations Inc. consistently reports 0% officer compensation across all available filings, indicating a volunteer-led or extremely lean executive structure, which is a positive for minimizing administrative costs.
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 Innovations Inc's IRS 990 filings:
- Significant operating deficit in 2024 ($76,287)
- Assets decreased by nearly 50% from 2023 to 2024 ($154,503 to $79,602)
Strengths
The following positive indicators were identified for Spiritual Innovations Inc:
- Consistent 0% officer compensation reported across all filings
- Demonstrated revenue growth over the past decade (from $12,360 in 2014 to $194,422 in 2024)
- Historically low or zero liabilities
Frequently Asked Questions about Spiritual Innovations Inc
Is Spiritual Innovations Inc a legitimate charity?
Spiritual Innovations Inc (EIN: 205518030) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $236K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Spiritual Innovations Inc spend its money?
Spiritual Innovations Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Spiritual Innovations Inc tax-deductible?
Spiritual Innovations Inc is registered as a tax-exempt nonprofit (EIN: 205518030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spiritual Innovations Inc's spending goes to programs?
Spiritual Innovations Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Spiritual Innovations Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Spiritual Innovations Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spiritual Innovations Inc located?
Spiritual Innovations Inc is headquartered in Roswell, Georgia and files with the IRS under EIN 205518030. It is classified under NTEE code X20.
How many years of IRS 990 filings does Spiritual Innovations Inc have?
Spiritual Innovations 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 $236K in total revenue.
Is Spiritual Innovations Inc. financially sustainable given the 2024 operating deficit?
The organization incurred a $76,287 operating deficit in 2024 (Expenses $270,709 vs. Revenue $194,422), which reduced its assets from $154,503 to $79,602. This trend, if continued, could impact long-term sustainability.
What caused the significant increase in expenses in 2024?
In 2024, expenses jumped to $270,709 from $159,796 in 2023. Without a detailed breakdown of expenses, it's unclear what specific areas saw increased spending.
How does the organization manage its liabilities?
Spiritual Innovations Inc. has historically reported very low or zero liabilities, with only $1,240 reported in 2024, suggesting a generally conservative approach to debt.
Filing History
IRS 990 filing history for Spiritual Innovations Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Spiritual Innovations Inc's revenue has grown by 6760.3%, moving from $3K to $194K. Total assets increased by 2788.3% over the same period, from $3K to $80K. Total functional expenses rose by 2102.9%, from $12K to $271K. In its most recent filing year (2024), Spiritual Innovations Inc reported a deficit of $76K, with expenses exceeding revenue. The organization holds $1K in liabilities against $80K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $78K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $194K | $271K | $80K | $1K | — | — |
| 2023 | $292K | $160K | $155K | $0 | — | View 990 |
| 2022 | $230K | $192K | $77K | $0 | — | View 990 |
| 2021 | $122K | $90K | $42K | $0 | — | View 990 |
| 2020 | $136K | $143K | $10K | $0 | — | View 990 |
| 2019 | $109K | $92K | $17K | $0 | — | View 990 |
| 2018 | $78K | $84K | $465 | $100 | — | View 990 |
| 2016 | $51K | $51K | $540 | $0 | — | View 990 |
| 2015 | $23K | $23K | $2 | $0 | — | View 990 |
| 2014 | $12K | $18K | $193 | $0 | — | View 990 |
| 2013 | $20K | $16K | $5K | $0 | — | View 990 |
| 2012 | $12K | $12K | $3K | $0 | — | View 990 |
| 2011 | $3K | $12K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $194K, expenses of $271K, and assets of $80K (revenue -33.4% year-over-year).
- 2023: Revenue of $292K, expenses of $160K, and assets of $155K (revenue +26.9% year-over-year).
- 2022: Revenue of $230K, expenses of $192K, and assets of $77K (revenue +88.1% year-over-year).
- 2021: Revenue of $122K, expenses of $90K, and assets of $42K (revenue -9.9% year-over-year).
- 2020: Revenue of $136K, expenses of $143K, and assets of $10K (revenue +25.1% year-over-year).
- 2019: Revenue of $109K, expenses of $92K, and assets of $17K (revenue +39.1% year-over-year).
- 2018: Revenue of $78K, expenses of $84K, and assets of $465 (revenue +51.8% year-over-year).
- 2016: Revenue of $51K, expenses of $51K, and assets of $540 (revenue +127.2% year-over-year).
- 2015: Revenue of $23K, expenses of $23K, and assets of $2 (revenue +83.1% year-over-year).
- 2014: Revenue of $12K, expenses of $18K, and assets of $193 (revenue -38.4% year-over-year).
- 2013: Revenue of $20K, expenses of $16K, and assets of $5K (revenue +70.7% year-over-year).
- 2012: Revenue of $12K, expenses of $12K, and assets of $3K (revenue +314.8% year-over-year).
- 2011: Revenue of $3K, expenses of $12K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spiritual Innovations Inc:
Data Sources and Methodology
This transparency report for Spiritual Innovations 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.