Spur Local Inc
Spur Local Inc frequently operates with expenses exceeding revenue, reporting zero officer compensation.
EIN: 205494704 · Washington, DC · NTEE: T19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $259K |
| Transparency Score | 75/100 |
Is Spur Local Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spur Local Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spur Local Inc
Spur Local Inc (EIN: 205494704) is a nonprofit organization based in Washington, DC, classified under NTEE code T19. The organization reported total revenue of $1.2M and total assets of $634K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spur Local Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spur Local Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $914K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-175,294 |
| Total Assets | $416K |
| Total Liabilities | $157K |
| Net Assets | $259K |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 37.8% |
| Months of Reserves | 4.6 months |
Financial Health Grade: B
In 2023, Spur Local Inc reported a deficit of $175K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 37.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spur Local Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | +20.4% | -30.0% |
| 2022 | -8.7% | +5.6% | -25.7% |
| 2021 | +19.3% | -7.9% | +14.1% |
| 2020 | -14.0% | +3.9% | -14.5% |
| 2019 | +81.5% | +218.8% | -10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spur Local Inc with a Mission Score of 75 out of 100 (Good). 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, Spur Local 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $175K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with revenues consistently in the high six to low seven figures, suggesting either a fully volunteer leadership or compensation being covered by a related entity, which would warrant further investigation for full transparency.
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 Spur Local Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $175,294 in 202306) suggest potential reliance on reserves or unsustainable spending patterns.
- Zero reported officer compensation for an organization of this size is highly unusual and may indicate an incomplete picture of leadership compensation or an unusual operational model.
- Fluctuating asset levels (e.g., from $800,651 in 202106 to $416,040 in 202306) could indicate significant asset utilization or financial instability.
Strengths
The following positive indicators were identified for Spur Local Inc:
- Consistent IRS 990 filing history (13 filings) demonstrates strong transparency and compliance.
- Zero reported officer compensation indicates a strong commitment to directing funds towards the mission rather than executive salaries.
- Latest revenue of $1,189,765 shows growth and ability to attract significant funding.
- NTEE code T19 suggests a focus on supporting the broader nonprofit sector, indicating a multiplier effect for its impact.
Frequently Asked Questions about Spur Local Inc
Is Spur Local Inc a legitimate charity?
Spur Local Inc (EIN: 205494704) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Spur Local Inc spend its money?
Spur Local Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Spur Local Inc tax-deductible?
Spur Local Inc is registered as a tax-exempt nonprofit (EIN: 205494704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spur Local Inc's spending goes to programs?
Spur Local Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spur Local Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Spur Local Inc is above average for NTEE category T19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spur Local Inc located?
Spur Local Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 205494704. It is classified under NTEE code T19.
How many years of IRS 990 filings does Spur Local Inc have?
Spur Local Inc has 13 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 $1.2M in total revenue.
Why does Spur Local Inc consistently report zero officer compensation despite significant revenue?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size and revenue. It could indicate that leadership is entirely volunteer, compensated by a related entity, or that compensation is structured in a way not captured under 'officer compensation' on the 990. This warrants further inquiry to understand the full compensation structure.
How does Spur Local Inc cover its operational deficits, such as the $175,294 deficit in 202306?
The organization frequently reports expenses exceeding revenue, for example, a $175,294 deficit in 202306 ($1,088,817 expenses vs. $913,523 revenue). These deficits are likely covered by drawing down prior year reserves, investment income not classified as program revenue, or other unrestricted funds. Analyzing the Statement of Functional Expenses (Part IX of Form 990) would provide more detail on how these funds are allocated.
What is the specific breakdown of program activities for Spur Local Inc, given its NTEE code T19?
As a T19 organization (Philanthropy, Voluntarism, and Grantmaking Foundations), Spur Local Inc's program activities likely involve grantmaking to other nonprofits, capacity building, or providing direct services to the nonprofit sector. A detailed review of Schedule O and Part III of the Form 990 would clarify the specific nature and scope of its programmatic work.
Filing History
IRS 990 filing history for Spur Local Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spur Local Inc's revenue has grown by 99.8%, moving from $457K to $914K. Total assets increased by 106.9% over the same period, from $201K to $416K. Total functional expenses rose by 184.6%, from $383K to $1.1M. In its most recent filing year (2023), Spur Local Inc reported a deficit of $175K, with expenses exceeding revenue. The organization holds $157K in liabilities against $416K in assets (debt-to-asset ratio: 37.8%), resulting in net assets of $259K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $914K | $1.1M | $416K | $157K | — | View 990 |
| 2022 | $789K | $904K | $595K | $160K | — | View 990 |
| 2021 | $864K | $857K | $801K | $251K | — | — |
| 2020 | $724K | $930K | $702K | $159K | — | View 990 |
| 2019 | $842K | $895K | $821K | $72K | — | View 990 |
| 2018 | $464K | $281K | $920K | $120K | — | View 990 |
| 2017 | $983K | $797K | $831K | $214K | — | View 990 |
| 2016 | $711K | $741K | $640K | $212K | — | View 990 |
| 2015 | $654K | $738K | $632K | $174K | — | View 990 |
| 2014 | $616K | $662K | $693K | $151K | — | View 990 |
| 2013 | $620K | $366K | $930K | $342K | — | View 990 |
| 2012 | $581K | $362K | $780K | $445K | — | View 990 |
| 2011 | $457K | $383K | $201K | $102K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $914K, expenses of $1.1M, and assets of $416K (revenue +15.8% year-over-year).
- 2022: Revenue of $789K, expenses of $904K, and assets of $595K (revenue -8.7% year-over-year).
- 2021: Revenue of $864K, expenses of $857K, and assets of $801K (revenue +19.3% year-over-year).
- 2020: Revenue of $724K, expenses of $930K, and assets of $702K (revenue -14.0% year-over-year).
- 2019: Revenue of $842K, expenses of $895K, and assets of $821K (revenue +81.5% year-over-year).
- 2018: Revenue of $464K, expenses of $281K, and assets of $920K (revenue -52.8% year-over-year).
- 2017: Revenue of $983K, expenses of $797K, and assets of $831K (revenue +38.2% year-over-year).
- 2016: Revenue of $711K, expenses of $741K, and assets of $640K (revenue +8.7% year-over-year).
- 2015: Revenue of $654K, expenses of $738K, and assets of $632K (revenue +6.2% year-over-year).
- 2014: Revenue of $616K, expenses of $662K, and assets of $693K (revenue -0.6% year-over-year).
- 2013: Revenue of $620K, expenses of $366K, and assets of $930K (revenue +6.7% year-over-year).
- 2012: Revenue of $581K, expenses of $362K, and assets of $780K (revenue +27.0% year-over-year).
- 2011: Revenue of $457K, expenses of $383K, and assets of $201K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spur Local Inc:
Data Sources and Methodology
This transparency report for Spur Local 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.