Frank K Spain Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Frank K Spain Foundation Inc is a 501(c)(3) organization based in Tupelo, Mississippi, registered in 1999, with -$123,181 in FY2023 revenue. CharityIndex grades it D.
Po Box 3477, Tupelo, MS, 38803 EIN 31-1644348 Since 1999
Revenue (FY2023)
-$123K
▼ 165.6% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$578K
Net assets
$7.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Frank K Spain Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating159 mo reserves · -569% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Frank K Spain Foundation Inc: 159 mo reserves · -569% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Frank K Spain Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Frank K Spain Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 3477, Tupelo, MS, 38803
- City
- Tupelo
- State
- Mississippi
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Website
- …
Financial trends
Revenue declined from $3,272 (FY2020) to -$123K (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $7.7M
Operating margin
-569.1%
Spent more than it raised in the latest fiscal year.
Total assets
$7.7M
Total liabilities
$0
Net assets
$7.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | -$123,181▼166% | $577,800▲17.4% | $7,668,327▼8.1% | $7,668,327▼8.1% | 990PF |
| 2022 | $187,877▲30.5% | $492,126▼9.6% | $8,339,745▼4.1% | $8,339,745▼4.1% | 990PF |
| 2021 | $143,938▲4299% | $544,290▼7.4% | $8,698,711▼4.4% | $8,698,711▼4.4% | 990PF |
| 2020 | $3,272 | $587,867 | $9,099,063 | $9,099,063 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Frank K Spain Foundation Inc a legitimate nonprofit?
- Yes. Frank K Spain Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1644348, based in Tupelo, Mississippi. Donations are tax-deductible.
- What is Frank K Spain Foundation Inc's EIN?
- Frank K Spain Foundation Inc's Employer Identification Number (EIN) is 31-1644348.
- How much revenue does Frank K Spain Foundation Inc report?
- Frank K Spain Foundation Inc reported -$123,181 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Frank K Spain Foundation Inc have?
- CharityIndex grades Frank K Spain Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Frank K Spain Foundation Inc (EIN 31-1644348) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.