Spurwink Services Incorporated
Spurwink Services consistently maintains positive operating margins and growing assets.
EIN: 10319802 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $98.0M |
| Total Expenses | $73.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $97,955,297 |
| Net Assets | $23.0M |
| Transparency Score | 85/100 |
Is Spurwink Services Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spurwink Services Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spurwink Services Incorporated
Spurwink Services Incorporated (EIN: 10319802) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $98.0M and total assets of $51.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spurwink Services Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spurwink Services Incorporated is a major nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74.6M |
| Total Expenses | $73.8M |
| Surplus / Deficit | +$767K |
| Total Assets | $41.9M |
| Total Liabilities | $18.9M |
| Net Assets | $23.0M |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 45.1% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, Spurwink Services Incorporated reported a surplus of $767K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 45.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spurwink Services Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.9% | -5.9% | +1.4% |
| 2022 | +6.4% | +4.4% | -16.9% |
| 2021 | -4.5% | -3.4% | +19.0% |
| 2020 | +4.0% | +5.5% | +3.7% |
| 2019 | +15.4% | +14.1% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1973 |
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 Spurwink Services Incorporated with a Mission Score of 85 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, Spurwink Services Incorporated 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 surplus of $767K, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.1%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed periods, which is highly unusual for an organization of this size (latest revenue $97,955,297). This suggests that executive compensation may be reported under different categories or that the provided summary data is incomplete regarding this specific detail, requiring a deeper dive into the full 990 forms for accurate assessment.
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 Spurwink Services Incorporated's IRS 990 filings:
- Lack of detailed executive compensation reporting in summary data (0% reported for all periods, which is highly improbable for an organization of this size)
- NTEE code is unknown, hindering peer comparison and mission alignment assessment.
Strengths
The following positive indicators were identified for Spurwink Services Incorporated:
- Consistent positive operating margins, with revenues generally exceeding expenses (e.g., 202306: Revenue $74.6M, Expenses $73.8M).
- Steady growth in assets over time, indicating financial stability (e.g., from $25.7M in 201406 to $51.5M latest).
- Strong revenue growth trend over the past decade (from $51M in 201406 to $97.9M latest).
Frequently Asked Questions about Spurwink Services Incorporated
Is Spurwink Services Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Spurwink Services Incorporated (EIN: 10319802) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Spurwink Services Incorporated spend its money?
Spurwink Services Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spurwink Services Incorporated tax-deductible?
Spurwink Services Incorporated is registered as a tax-exempt nonprofit (EIN: 10319802). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spurwink Services Incorporated CEO make?
Spurwink Services Incorporated's highest-compensated officer earns $97,955,297 annually. The organization reported $98.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spurwink Services Incorporated's spending goes to programs?
Spurwink Services Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Spurwink Services Incorporated located?
Spurwink Services Incorporated is headquartered in Portland, Maine and files with the IRS under EIN 10319802.
How many years of IRS 990 filings does Spurwink Services Incorporated have?
Spurwink Services Incorporated 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 $98.0M in total revenue.
How is executive compensation truly structured given the 0% reported in summary data?
The summary data consistently reports 0% for officer compensation. This is highly unusual for an organization with revenues consistently in the tens of millions. A full review of the IRS Form 990, Part VII, Section A would be necessary to understand how compensation for key employees and officers is reported and distributed.
What are the specific breakdowns of program, administrative, and fundraising expenses?
The provided summary data does not detail the specific percentages for program, administrative, and fundraising expenses. To assess spending efficiency accurately, one would need to examine the full IRS Form 990, Part IX, Statement of Functional Expenses.
What is the organization's primary NTEE code and mission focus?
The NTEE code is listed as 'Unknown' in the provided data. Understanding the specific NTEE code and detailed mission statement would help in benchmarking its financial performance against similar organizations and assessing its programmatic impact.
Filing History
IRS 990 filing history for Spurwink Services Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spurwink Services Incorporated's revenue has grown by 40.4%, moving from $53.1M to $74.6M. Total assets increased by 44% over the same period, from $29.1M to $41.9M. Total functional expenses rose by 38.2%, from $53.4M to $73.8M. In its most recent filing year (2023), Spurwink Services Incorporated reported a surplus of $767K, with revenue exceeding expenses. The organization holds $18.9M in liabilities against $41.9M in assets (debt-to-asset ratio: 45.1%), resulting in net assets of $23.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74.6M | $73.8M | $41.9M | $18.9M | — | View 990 |
| 2022 | $80.1M | $78.5M | $41.3M | $19.8M | — | View 990 |
| 2021 | $75.3M | $75.2M | $49.7M | $30.8M | — | View 990 |
| 2020 | $78.8M | $77.9M | $41.8M | $26.6M | — | — |
| 2019 | $75.8M | $73.8M | $40.3M | $22.7M | — | View 990 |
| 2018 | $65.7M | $64.7M | $39.8M | $20.6M | — | View 990 |
| 2017 | $57.2M | $56.5M | $32.0M | $19.7M | — | — |
| 2016 | $57.5M | $55.9M | $27.2M | $20.0M | — | View 990 |
| 2015 | $54.1M | $51.1M | $27.7M | $18.9M | — | View 990 |
| 2014 | $51.0M | $50.1M | $25.8M | $17.0M | — | View 990 |
| 2013 | $51.3M | $51.0M | $25.3M | $19.5M | — | View 990 |
| 2012 | $51.6M | $51.0M | $27.2M | $23.0M | — | View 990 |
| 2011 | $53.1M | $53.4M | $29.1M | $21.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74.6M, expenses of $73.8M, and assets of $41.9M (revenue -6.9% year-over-year).
- 2022: Revenue of $80.1M, expenses of $78.5M, and assets of $41.3M (revenue +6.4% year-over-year).
- 2021: Revenue of $75.3M, expenses of $75.2M, and assets of $49.7M (revenue -4.5% year-over-year).
- 2020: Revenue of $78.8M, expenses of $77.9M, and assets of $41.8M (revenue +4.0% year-over-year).
- 2019: Revenue of $75.8M, expenses of $73.8M, and assets of $40.3M (revenue +15.4% year-over-year).
- 2018: Revenue of $65.7M, expenses of $64.7M, and assets of $39.8M (revenue +14.9% year-over-year).
- 2017: Revenue of $57.2M, expenses of $56.5M, and assets of $32.0M (revenue -0.5% year-over-year).
- 2016: Revenue of $57.5M, expenses of $55.9M, and assets of $27.2M (revenue +6.2% year-over-year).
- 2015: Revenue of $54.1M, expenses of $51.1M, and assets of $27.7M (revenue +6.1% year-over-year).
- 2014: Revenue of $51.0M, expenses of $50.1M, and assets of $25.8M (revenue -0.6% year-over-year).
- 2013: Revenue of $51.3M, expenses of $51.0M, and assets of $25.3M (revenue -0.5% year-over-year).
- 2012: Revenue of $51.6M, expenses of $51.0M, and assets of $27.2M (revenue -2.9% year-over-year).
- 2011: Revenue of $53.1M, expenses of $53.4M, and assets of $29.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spurwink Services Incorporated:
Data Sources and Methodology
This transparency report for Spurwink Services Incorporated 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.