Spread Wings Foundation
EIN: 473388569 · Carson City, NV
| Metric | Value |
|---|---|
| Total Revenue | $150K |
| Total Expenses | $177K |
| Net Assets | $9K |
Is Spread Wings Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spread Wings Foundation
Spread Wings Foundation (EIN: 473388569) is a nonprofit organization based in Carson City, NV. The organization reported total revenue of $150K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spread Wings Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spread Wings Foundation is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $177K |
| Surplus / Deficit | $-85,000 |
| Total Assets | $9K |
| Total Liabilities | $1 |
| Net Assets | $9K |
| Operating Margin | -92.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2023, Spread Wings Foundation reported a deficit of $85K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2015–2023), Spread Wings Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.6% | +56.2% | -90.9% |
| 2022 | +5.1% | -7.5% | +20.2% |
| 2021 | -11.3% | +28.8% | +0.3% |
| 2020 | +27.3% | -26.7% | +126.8% |
| 2019 | +117.7% | +181.5% | +775.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spread Wings 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 Spread Wings 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Spread Wings Foundation
Is Spread Wings Foundation a legitimate charity?
Spread Wings Foundation (EIN: 473388569) is a registered tax-exempt nonprofit based in Nevada. It has 6 years of IRS 990 filings on record. Total revenue: $150K. No red flags identified. Financial health grade: C.
How does Spread Wings Foundation spend its money?
Spread Wings Foundation reported $150K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Spread Wings Foundation tax-deductible?
Spread Wings Foundation is registered as a tax-exempt nonprofit (EIN: 473388569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spread Wings Foundation located?
Spread Wings Foundation is headquartered in Carson City, Nevada and files with the IRS under EIN 473388569.
How many years of IRS 990 filings does Spread Wings Foundation have?
Spread Wings Foundation has 6 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 $150K in total revenue.
Filing History
IRS 990 filing history for Spread Wings Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Spread Wings Foundation's revenue has grown by 84.4%, moving from $50K to $92K. Total assets increased by 118.1% over the same period, from $4K to $9K. Total functional expenses rose by 284.3%, from $46K to $177K. In its most recent filing year (2023), Spread Wings Foundation reported a deficit of $85K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92K | $177K | $9K | $1 | — | View 990 |
| 2022 | $129K | $113K | $94K | $1 | — | View 990 |
| 2021 | $123K | $123K | $78K | $1 | — | View 990 |
| 2020 | $139K | $95K | $78K | $1 | — | — |
| 2019 | $109K | $130K | $34K | $1 | — | View 990 |
| 2015 | $50K | $46K | $4K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $92K, expenses of $177K, and assets of $9K (revenue -28.6% year-over-year).
- 2022: Revenue of $129K, expenses of $113K, and assets of $94K (revenue +5.1% year-over-year).
- 2021: Revenue of $123K, expenses of $123K, and assets of $78K (revenue -11.3% year-over-year).
- 2020: Revenue of $139K, expenses of $95K, and assets of $78K (revenue +27.3% year-over-year).
- 2019: Revenue of $109K, expenses of $130K, and assets of $34K (revenue +117.7% year-over-year).
- 2015: Revenue of $50K, expenses of $46K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spread Wings Foundation:
Data Sources and Methodology
This transparency report for Spread Wings 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.