Spoon River College Foundation
EIN: 371068663 · Canton, IL · NTEE: B42I
Is Spoon River College Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spoon River College Foundation
Spoon River College Foundation (EIN: 371068663) is a nonprofit organization based in Canton, IL, classified under NTEE code B42I. The organization reported total revenue of $762K and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spoon River College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Spoon River College Foundation 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 Spoon River College Foundation 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.
Frequently Asked Questions about Spoon River College Foundation
Is Spoon River College Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spoon River College Foundation (EIN: 371068663) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spoon River College Foundation spend its money?
Detailed spending breakdown data is not yet available for Spoon River College Foundation. Check back for updated IRS 990 analysis.
Are donations to Spoon River College Foundation tax-deductible?
Spoon River College Foundation is registered as a tax-exempt nonprofit (EIN: 371068663). 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 Spoon River College Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Spoon River College Foundation's revenue has grown by 283.3%, moving from $301K to $1.2M. Total assets increased by 318.8% over the same period, from $1.8M to $7.4M. Total functional expenses rose by 88.1%, from $242K to $455K. In its most recent filing year (2024), Spoon River College Foundation reported a surplus of $697K, with revenue exceeding expenses. The organization holds $199K in liabilities against $7.4M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $455K | $7.4M | $199K | — | View 990 |
| 2023 | $779K | $380K | $6.3M | $178K | — | View 990 |
| 2022 | $1.1M | $346K | $5.7M | $56K | — | View 990 |
| 2021 | $880K | $298K | $5.7M | $28K | — | — |
| 2020 | $499K | $238K | $4.5M | $21K | — | View 990 |
| 2019 | $362K | $138K | $4.2M | $6K | — | View 990 |
| 2018 | $443K | $260K | $3.9M | $15K | — | View 990 |
| 2017 | $459K | $178K | $3.7M | $19K | — | View 990 |
| 2016 | $312K | $129K | $3.3M | $1K | — | View 990 |
| 2015 | $343K | $189K | $2.1M | $0 | — | View 990 |
| 2014 | $371K | $251K | $1.9M | $0 | — | View 990 |
| 2013 | $334K | $261K | $1.8M | $0 | — | View 990 |
| 2012 | $301K | $242K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $455K, and assets of $7.4M (revenue +47.9% year-over-year).
- 2023: Revenue of $779K, expenses of $380K, and assets of $6.3M (revenue -30.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $346K, and assets of $5.7M (revenue +27.7% year-over-year).
- 2021: Revenue of $880K, expenses of $298K, and assets of $5.7M (revenue +76.5% year-over-year).
- 2020: Revenue of $499K, expenses of $238K, and assets of $4.5M (revenue +37.7% year-over-year).
- 2019: Revenue of $362K, expenses of $138K, and assets of $4.2M (revenue -18.3% year-over-year).
- 2018: Revenue of $443K, expenses of $260K, and assets of $3.9M (revenue -3.4% year-over-year).
- 2017: Revenue of $459K, expenses of $178K, and assets of $3.7M (revenue +47.0% year-over-year).
- 2016: Revenue of $312K, expenses of $129K, and assets of $3.3M (revenue -9.0% year-over-year).
- 2015: Revenue of $343K, expenses of $189K, and assets of $2.1M (revenue -7.6% year-over-year).
- 2014: Revenue of $371K, expenses of $251K, and assets of $1.9M (revenue +11.0% year-over-year).
- 2013: Revenue of $334K, expenses of $261K, and assets of $1.8M (revenue +11.2% year-over-year).
- 2012: Revenue of $301K, expenses of $242K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Spoon River College Foundation 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.