Spm Foundation Inc
EIN: 522038980 · Winston Salem, NC · NTEE: T20Z
Is Spm Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spm Foundation Inc
Spm Foundation Inc (EIN: 522038980) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code T20Z. The organization reported total revenue of $4.7M and total assets of $11.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spm Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spm Foundation Inc is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$171K |
| Total Assets | $11.0M |
| Total Liabilities | $1 |
| Net Assets | $11.0M |
| Operating Margin | 12.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 111.9 months |
Financial Health Grade: A
In 2023, Spm Foundation Inc reported a surplus of $171K with revenue exceeding expenses, holds 111.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Spm Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -112.6% | -16.3% | -15.3% |
| 2021 | +69.5% | +19.4% | +4.2% |
| 2020 | +50.5% | -1.6% | -0.2% |
| 2019 | +265.4% | +42.5% | +73.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spm Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spm Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $171K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Spm Foundation Inc
Is Spm Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spm Foundation Inc (EIN: 522038980) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spm Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Spm Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Spm Foundation Inc tax-deductible?
Spm Foundation Inc is registered as a tax-exempt nonprofit (EIN: 522038980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Spm Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Spm Foundation Inc's revenue has grown by 63.6%, moving from $824K to $1.3M. Total assets increased by 68.7% over the same period, from $6.5M to $11.0M. Total functional expenses rose by 320%, from $280K to $1.2M. In its most recent filing year (2023), Spm Foundation Inc reported a surplus of $171K, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $11.0M | $1 | — | — |
| 2022 | $-240,215 | $1.3M | $10.1M | $1 | — | View 990 |
| 2021 | $1.9M | $1.5M | $12.0M | $1 | — | — |
| 2020 | $1.1M | $1.3M | $11.5M | $1 | — | View 990 |
| 2019 | $746K | $1.3M | $11.5M | $0 | — | View 990 |
| 2015 | $204K | $895K | $6.6M | $104K | — | View 990 |
| 2014 | $1.8M | $351K | $7.6M | $43K | — | View 990 |
| 2013 | $502K | $429K | $7.1M | $25K | — | View 990 |
| 2012 | $576K | $935K | $6.2M | $13K | — | View 990 |
| 2011 | $824K | $280K | $6.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $11.0M.
- 2022: Revenue of $-240,215, expenses of $1.3M, and assets of $10.1M (revenue -112.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.5M, and assets of $12.0M (revenue +69.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $11.5M (revenue +50.5% year-over-year).
- 2019: Revenue of $746K, expenses of $1.3M, and assets of $11.5M (revenue +265.4% year-over-year).
- 2015: Revenue of $204K, expenses of $895K, and assets of $6.6M (revenue -88.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $351K, and assets of $7.6M (revenue +251.3% year-over-year).
- 2013: Revenue of $502K, expenses of $429K, and assets of $7.1M (revenue -12.7% year-over-year).
- 2012: Revenue of $576K, expenses of $935K, and assets of $6.2M (revenue -30.1% year-over-year).
- 2011: Revenue of $824K, expenses of $280K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spm Foundation Inc:
Data Sources and Methodology
This transparency report for Spm Foundation 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.