The Spano Family Charitable Foundation Inc
Spano Family Charitable Foundation consistently reports zero officer compensation while spending down assets.
EIN: 203821314 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35K |
| Total Expenses | $15K |
| Program Spending | 85% |
| Net Assets | $525K |
| Transparency Score | 85/100 |
Is The Spano Family Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Spano Family Charitable Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Spano Family Charitable Foundation Inc
The Spano Family Charitable Foundation Inc (EIN: 203821314) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $35K and total assets of $481K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Spano Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Spano Family Charitable Foundation Inc is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -111.9% | -52.3% | -3.5% |
| 2020 | +153.4% | +37.9% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Spano Family Charitable Foundation Inc 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, The Spano Family Charitable Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient for a foundation of its size.
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 The Spano Family Charitable Foundation Inc's IRS 990 filings:
- Consistent negative revenue in recent years, indicating reliance on asset drawdowns rather than new income generation.
Strengths
The following positive indicators were identified for The Spano Family Charitable Foundation Inc:
- Consistent 0% officer compensation, demonstrating high efficiency in executive pay.
- Low liabilities ($1 in most periods), indicating strong financial stability.
- Consistent IRS 990 filing history, showing commitment to transparency and compliance.
Frequently Asked Questions about The Spano Family Charitable Foundation Inc
Is The Spano Family Charitable Foundation Inc a legitimate charity?
The Spano Family Charitable Foundation Inc (EIN: 203821314) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $35K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does The Spano Family Charitable Foundation Inc spend its money?
The Spano Family Charitable Foundation Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Spano Family Charitable Foundation Inc tax-deductible?
The Spano Family Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203821314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Spano Family Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Spano Family Charitable Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Spano Family Charitable Foundation Inc located?
The Spano Family Charitable Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203821314. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Spano Family Charitable Foundation Inc have?
The Spano Family Charitable Foundation Inc has 10 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 $35K in total revenue.
Is The Spano Family Charitable Foundation Inc actively fundraising?
Based on the consistent negative revenue reported in recent years (e.g., $-63,366 in 2023, $-40,395 in 2022), it appears the foundation is not actively fundraising for new contributions but rather operating from its existing endowment or investment returns.
What is the primary source of the foundation's expenses?
Without a detailed breakdown, it's difficult to pinpoint the exact nature of expenses. However, given the NTEE code T22 (Private Grantmaking Foundations) and the consistent spending, it's highly probable that the majority of expenses are grants paid to other organizations or individuals, along with minimal administrative costs.
Why are assets declining over time?
The decline in assets from $949,727 in 2011 to $480,640 currently, coupled with negative revenue and consistent expenses, suggests the foundation is spending down its principal or experiencing investment losses that outweigh any gains or new contributions.
Filing History
IRS 990 filing history for The Spano Family Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Spano Family Charitable Foundation Inc's revenue has declined by 136.9%, moving from $172K to $-63,366. Total assets decreased by 44.7% over the same period, from $950K to $525K. Total functional expenses fell by 94.1%, from $248K to $15K. The organization holds $1 in liabilities against $525K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $525K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-63,366 | $15K | $525K | $1 | — | — |
| 2022 | $-40,395 | $25K | $603K | $1 | — | View 990 |
| 2021 | $-5,183 | $19K | $668K | $1 | — | — |
| 2020 | $44K | $40K | $693K | $1 | — | View 990 |
| 2019 | $17K | $29K | $690K | $1 | — | — |
| 2015 | $-36,343 | $68K | $615K | $1 | — | View 990 |
| 2014 | $2K | $107K | $720K | $0 | — | View 990 |
| 2013 | $9K | $96K | $824K | $1 | — | View 990 |
| 2012 | $93K | $130K | $912K | $1 | — | View 990 |
| 2011 | $172K | $248K | $950K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-63,366, expenses of $15K, and assets of $525K.
- 2022: Revenue of $-40,395, expenses of $25K, and assets of $603K.
- 2021: Revenue of $-5,183, expenses of $19K, and assets of $668K (revenue -111.9% year-over-year).
- 2020: Revenue of $44K, expenses of $40K, and assets of $693K (revenue +153.4% year-over-year).
- 2019: Revenue of $17K, expenses of $29K, and assets of $690K.
- 2015: Revenue of $-36,343, expenses of $68K, and assets of $615K (revenue -1703.1% year-over-year).
- 2014: Revenue of $2K, expenses of $107K, and assets of $720K (revenue -74.8% year-over-year).
- 2013: Revenue of $9K, expenses of $96K, and assets of $824K (revenue -90.3% year-over-year).
- 2012: Revenue of $93K, expenses of $130K, and assets of $912K (revenue -46.2% year-over-year).
- 2011: Revenue of $172K, expenses of $248K, and assets of $950K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Spano Family Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for The Spano Family Charitable Foundation 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.