The Spivey Family Foundation Inc
The Spivey Family Foundation consistently grows assets with zero officer compensation.
EIN: 201296242 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is The Spivey Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Spivey Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Spivey Family Foundation Inc
The Spivey Family Foundation Inc (EIN: 201296242) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $209K and total assets of $832K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Spivey Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Spivey Family Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $49K |
| Surplus / Deficit | +$8K |
| Total Assets | $767K |
| Total Liabilities | $1 |
| Net Assets | $767K |
| Operating Margin | 14.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 187.7 months |
Financial Health Grade: A
In 2023, The Spivey Family Foundation Inc reported a surplus of $8K with revenue exceeding expenses, holds 187.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Spivey Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.8% | -2.8% | +1.1% |
| 2022 | -15.4% | +15.1% | +4.0% |
| 2021 | +197.0% | +25.3% | +7.4% |
| 2020 | -84.6% | -26.2% | -0.5% |
| 2019 | +453.3% | +30.2% | +36.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Spivey Family Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Spivey Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all ten filings, indicating that the foundation's leadership is unpaid. This is highly commendable for an organization of its size, ensuring that all available funds are directed towards its charitable mission rather than administrative salaries.
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 The Spivey Family Foundation Inc:
- Zero officer compensation across all filings, maximizing funds for mission.
- Consistent asset growth from $500,105 in 2011 to $831,810 currently.
- Minimal liabilities ($1 reported consistently), indicating strong financial health.
- Expenses consistently below revenue in most periods, allowing for asset accumulation.
- Consistent IRS 990 filing history over ten periods, demonstrating transparency.
Frequently Asked Questions about The Spivey Family Foundation Inc
Is The Spivey Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Spivey Family Foundation Inc (EIN: 201296242) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does The Spivey Family Foundation Inc spend its money?
The Spivey Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Spivey Family Foundation Inc tax-deductible?
The Spivey Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201296242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Spivey Family Foundation Inc a good charity?
Based on the provided data, The Spivey Family Foundation Inc appears to be a very good charity. It consistently reports 0% officer compensation, maintains minimal liabilities, and has steadily grown its assets over more than a decade, indicating strong financial management and a commitment to its mission.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent growth, increasing from $500,105 in 2011 to $831,810 currently, demonstrating sound financial stewardship and accumulation of resources for its charitable activities.
What is the trend in revenue and expenses?
Revenue and expenses fluctuate year-to-year, but expenses generally remain below revenue, contributing to asset growth. For instance, in 2023, revenue was $57,535 while expenses were $49,052, and in 2022, revenue was $79,635 against expenses of $50,443.
Filing History
IRS 990 filing history for The Spivey Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Spivey Family Foundation Inc's revenue has grown by 189.2%, moving from $20K to $58K. Total assets increased by 53.4% over the same period, from $500K to $767K. Total functional expenses rose by 59.9%, from $31K to $49K. In its most recent filing year (2023), The Spivey Family Foundation Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $1 in liabilities against $767K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $767K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $49K | $767K | $1 | — | View 990 |
| 2022 | $80K | $50K | $759K | $1 | — | View 990 |
| 2021 | $94K | $44K | $730K | $1 | — | View 990 |
| 2020 | $32K | $35K | $679K | $1 | — | — |
| 2019 | $205K | $47K | $683K | $1 | — | — |
| 2015 | $37K | $36K | $501K | $1 | — | View 990 |
| 2014 | $34K | $34K | $501K | $1 | — | View 990 |
| 2013 | $48K | $33K | $500K | $1 | — | View 990 |
| 2012 | $17K | $32K | $485K | $1 | — | View 990 |
| 2011 | $20K | $31K | $500K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $49K, and assets of $767K (revenue -27.8% year-over-year).
- 2022: Revenue of $80K, expenses of $50K, and assets of $759K (revenue -15.4% year-over-year).
- 2021: Revenue of $94K, expenses of $44K, and assets of $730K (revenue +197.0% year-over-year).
- 2020: Revenue of $32K, expenses of $35K, and assets of $679K (revenue -84.6% year-over-year).
- 2019: Revenue of $205K, expenses of $47K, and assets of $683K (revenue +453.3% year-over-year).
- 2015: Revenue of $37K, expenses of $36K, and assets of $501K (revenue +8.1% year-over-year).
- 2014: Revenue of $34K, expenses of $34K, and assets of $501K (revenue -27.9% year-over-year).
- 2013: Revenue of $48K, expenses of $33K, and assets of $500K (revenue +178.9% year-over-year).
- 2012: Revenue of $17K, expenses of $32K, and assets of $485K (revenue -14.2% year-over-year).
- 2011: Revenue of $20K, expenses of $31K, and assets of $500K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Spivey Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Spivey Family 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.