Spruce Mountain Educationalfoundation Inc

Spruce Mountain Educationalfoundation Inc experiences significant revenue growth with zero officer compensation.

EIN: 205630727 · Jay, ME · NTEE: N68 · Updated: 2026-03-28

$106KRevenue

$40KAssets

90/100Mission Score (Excellent)

N68

About Spruce Mountain Educationalfoundation Inc

Spruce Mountain Educationalfoundation Inc (EIN: 205630727) is a nonprofit organization based in Jay, ME, classified under NTEE code N68. The organization reported total revenue of $106K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spruce Mountain Educationalfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Spruce Mountain Educationalfoundation Inc demonstrates a positive trend in financial health, with a significant increase in revenue from $4,863 in 2020 to $106,287 in 2024. The organization consistently maintains zero liabilities, indicating strong financial management and a lack of debt. Their assets have also grown substantially, from $4,708 in 2020 to $39,721 in 2024, further solidifying their financial position. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership, which can contribute to lower administrative costs and a higher proportion of funds directed towards programs.

Spending efficiency appears to be strong, particularly given the consistent reporting of zero officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall expense ratios (e.g., $92,027 expenses against $106,287 revenue in 2024) suggest that a substantial portion of revenue is being utilized for operations. The organization's consistent filing of IRS Form 990s over 16 periods indicates a commitment to transparency and compliance with regulatory requirements.

Overall, Spruce Mountain Educationalfoundation Inc appears to be a financially healthy and responsibly managed organization, characterized by growth, a debt-free status, and a volunteer-led structure. The consistent increase in revenue and assets, coupled with no reported officer compensation, points to an organization effectively growing its resources to support its educational mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Spruce Mountain Educationalfoundation Inc with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Spruce Mountain Educationalfoundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size and growth.

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.

Strengths

The following positive indicators were identified for Spruce Mountain Educationalfoundation Inc:

Significant revenue growth from $4,863 in 2020 to $106,287 in 2024.
Consistent reporting of 0% officer compensation, indicating volunteer leadership.
Zero liabilities across all reported periods, demonstrating strong financial management.
Consistent increase in assets, from $4,708 in 2020 to $39,721 in 2024.
Long history of IRS 990 filings (16 filings), indicating transparency and compliance.

Frequently Asked Questions about Spruce Mountain Educationalfoundation Inc

Is Spruce Mountain Educationalfoundation Inc a good charity?

Based on the provided data, Spruce Mountain Educationalfoundation Inc appears to be a good charity. It demonstrates strong financial growth, maintains zero liabilities, and operates with 0% officer compensation, suggesting efficient use of funds and a dedicated volunteer leadership.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved, with revenue increasing from $4,863 in 2020 to $106,287 in 2024, and assets growing from $4,708 to $39,721 over the same period. This indicates substantial growth and strengthening of its financial position.

What is the organization's approach to executive compensation?

Spruce Mountain Educationalfoundation Inc has consistently reported 0% officer compensation across all 16 filings, indicating that its executive leadership serves on a volunteer basis.

Filing History

IRS 990 filing history for Spruce Mountain Educationalfoundation Inc showing financial trends over 16 years of public records:

Over 16 years of IRS 990 filings (2009–2024), Spruce Mountain Educationalfoundation Inc's revenue has grown by 1948.7%, moving from $5K to $106K. Total functional expenses rose by 1472.8%, from $6K to $92K. In its most recent filing year (2024), Spruce Mountain Educationalfoundation Inc reported a surplus of $14K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$106K	$92K	$40K	$0	—	—
2023	$34K	$34K	$25K	$0	—	—
2022	$43K	$27K	$25K	$0	—	—
2021	$23K	$19K	$9K	$0	—	View 990
2020	$5K	$4K	$5K	$0	—	View 990
2019	$3K	$7K	$4K	$0	—	View 990
2018	$13K	$20K	$8K	$0	—	View 990
2017	$18K	$5K	$16K	$0	—	View 990
2016	$6K	$7K	$3K	$0	—	—
2015	$5K	$5K	$4K	$0	—	View 990
2014	$6K	$6K	$4K	$0	—	View 990
2013	$6K	$6K	$4K	$0	—	View 990
2012	$8K	$9K	$4K	$0	—	View 990
2011	$5K	$7K	$5K	$0	—	View 990
2010	$5K	$6K	$7K	$0	—	View 990
2009	$5K	$6K	$0	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $106K, expenses of $92K, and assets of $40K (revenue +209.6% year-over-year).
2023: Revenue of $34K, expenses of $34K, and assets of $25K (revenue -21.1% year-over-year).
2022: Revenue of $43K, expenses of $27K, and assets of $25K (revenue +85.3% year-over-year).
2021: Revenue of $23K, expenses of $19K, and assets of $9K (revenue +382.5% year-over-year).
2020: Revenue of $5K, expenses of $4K, and assets of $5K (revenue +67.9% year-over-year).
2019: Revenue of $3K, expenses of $7K, and assets of $4K (revenue -76.8% year-over-year).
2018: Revenue of $13K, expenses of $20K, and assets of $8K (revenue -29.5% year-over-year).
2017: Revenue of $18K, expenses of $5K, and assets of $16K (revenue +198.8% year-over-year).
2016: Revenue of $6K, expenses of $7K, and assets of $3K (revenue +13.1% year-over-year).
2015: Revenue of $5K, expenses of $5K, and assets of $4K (revenue -17.0% year-over-year).
2014: Revenue of $6K, expenses of $6K, and assets of $4K (revenue +2.8% year-over-year).
2013: Revenue of $6K, expenses of $6K, and assets of $4K (revenue -25.2% year-over-year).
2012: Revenue of $8K, expenses of $9K, and assets of $4K (revenue +62.1% year-over-year).
2011: Revenue of $5K, expenses of $7K, and assets of $5K (revenue +2.8% year-over-year).
2010: Revenue of $5K, expenses of $6K, and assets of $7K (revenue -4.9% year-over-year).
2009: Revenue of $5K, expenses of $6K, and assets of $0.

Data Sources and Methodology

This transparency report for Spruce Mountain Educationalfoundation 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.