Spring Point Project
Spring Point Project consistently operates with a surplus and reports no officer compensation.
EIN: 201896813 · Minneapolis, MN · NTEE: H80 · Updated: 2026-03-28
About Spring Point Project
Spring Point Project (EIN: 201896813) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code H80. The organization reported total revenue of $3.7M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spring Point Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spring Point Project with a Mission Score of 95 out of 100 (Excellent). 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, Spring Point Project 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with annual revenues exceeding $3 million.
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 Spring Point Project's IRS 990 filings:
- Unusually low liabilities in recent years compared to earlier periods (e.g., $432,132 in 2023 vs. $5,586,819 in 2014) without clear explanation in the provided data.
- The consistent 0% officer compensation, while positive for efficiency, is unusual for an organization of this size and could warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Spring Point Project:
- Consistent positive net income, demonstrating financial sustainability (e.g., $3,706,775 revenue vs. $3,249,439 expenses in 2023).
- Steady growth in assets over the past decade, indicating strong financial management ($6,870,877 in 2014 to $8,268,932 in 2023).
- Remarkable 0% officer compensation reported across all filings, suggesting extremely low executive overhead and high program focus.
- Strong program spending efficiency, as implied by the lack of executive compensation and consistent surpluses.
- Low liabilities in recent years, indicating a healthy balance sheet.
Frequently Asked Questions about Spring Point Project
Is Spring Point Project a good charity?
Based on the available financial data, Spring Point Project appears to be a very good charity. It consistently operates with a surplus, has growing assets, and notably reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has Spring Point Project's financial health changed over time?
Spring Point Project has shown consistent financial growth and stability. Its assets have increased from $6,870,877 in 2014 to $8,268,932 in 2023, and it has generally maintained a positive net income, with revenue consistently exceeding expenses in recent years.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990, which would require further investigation. However, on its face, it indicates a very low administrative overhead at the executive level.
Filing History
IRS 990 filing history for Spring Point Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spring Point Project's revenue has grown by 138.3%, moving from $1.6M to $3.7M. Total assets increased by 11.7% over the same period, from $7.4M to $8.3M. Total functional expenses rose by 26.8%, from $2.6M to $3.2M. In its most recent filing year (2023), Spring Point Project reported a surplus of $457K, with revenue exceeding expenses. The organization holds $432K in liabilities against $8.3M in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.2M | $8.3M | $432K | — | View 990 |
| 2022 | $3.1M | $3.1M | $7.6M | $258K | — | View 990 |
| 2021 | $3.5M | $3.1M | $7.6M | $268K | — | View 990 |
| 2020 | $2.8M | $2.7M | $7.3M | $423K | — | View 990 |
| 2019 | $2.6M | $2.4M | $6.9M | $216K | — | View 990 |
| 2018 | $3.0M | $1.9M | $6.8M | $274K | — | View 990 |
| 2017 | $2.4M | $1.6M | $7.2M | $1.8M | — | View 990 |
| 2016 | $2.1M | $1.5M | $6.8M | $2.2M | — | View 990 |
| 2015 | $4.2M | $1.6M | $7.1M | $3.2M | — | View 990 |
| 2014 | $1.8M | $1.5M | $6.9M | $5.6M | — | View 990 |
| 2013 | $872K | $1.6M | $5.9M | $4.8M | — | View 990 |
| 2012 | $1.4M | $1.8M | $6.8M | $5.0M | — | View 990 |
| 2011 | $1.6M | $2.6M | $7.4M | $5.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.2M, and assets of $8.3M (revenue +17.7% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.1M, and assets of $7.6M (revenue -11.2% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.1M, and assets of $7.6M (revenue +25.9% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.7M, and assets of $7.3M (revenue +8.7% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.4M, and assets of $6.9M (revenue -14.2% year-over-year).
- 2018: Revenue of $3.0M, expenses of $1.9M, and assets of $6.8M (revenue +27.4% year-over-year).
- 2017: Revenue of $2.4M, expenses of $1.6M, and assets of $7.2M (revenue +10.7% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.5M, and assets of $6.8M (revenue -49.3% year-over-year).
- 2015: Revenue of $4.2M, expenses of $1.6M, and assets of $7.1M (revenue +137.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.5M, and assets of $6.9M (revenue +104.0% year-over-year).
- 2013: Revenue of $872K, expenses of $1.6M, and assets of $5.9M (revenue -37.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.8M, and assets of $6.8M (revenue -10.9% year-over-year).
- 2011: Revenue of $1.6M, expenses of $2.6M, and assets of $7.4M.
Data Sources and Methodology
This transparency report for Spring Point Project 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.