Friends of@spero Academy
Only null% goes to programs Thin reserves Growing revenue
Friends of@spero Academy is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2017, with $1,721,442 in FY2023 revenue. CharityIndex grades it D.
2701 California St Ne, Minneapolis, MN, 55418 EIN 81-5382949 Since 2017
Revenue (FY2023)
$1.7M
▲ 4.4% vs prior year
Education median: $200K
Expenses (FY2023)
$1.4M
Net assets
-$2.1M
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 Friends of@spero Academy— 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 rating0 mo reserves · +16% 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 Friends of@spero Academy: 0 mo reserves · +16% 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 Friends of@spero Academy— 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 Friends of@spero Academy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2701 California St Ne, Minneapolis, MN, 55418
- City
- Minneapolis
- State
- Minnesota
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $0 (FY2016) to $1.7M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $18.7MNet assets -$2.1M
Operating margin
16.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16.6M
Total liabilities
$18.7M
Net assets
-$2.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,721,442▲4.4% | $1,443,363▼4.8% | -$2,082,354▲11.8% | $16,611,319▼0.1% | 990 |
| 2022 | $1,648,771▲14.9% | $1,516,261▼27.4% | -$2,360,433▲5.3% | $16,633,129▼0.1% | 990 |
| 2021 | $1,435,490▲5.2% | $2,088,155▲43.7% | -$2,492,943▼35.5% | $16,643,995▼0.2% | 990 |
| 2020 | $1,364,803▲3.0% | $1,452,831▲3.3% | -$1,840,278▼5.0% | $16,674,660▼0.5% | 990 |
| 2019 | $1,325,426▼3.4% | $1,406,446▼1.1% | -$1,752,250▼4.8% | $16,762,638▼0.5% | 990 |
| 2018 | $1,371,451▲1375% | $1,422,355▼17.0% | -$1,671,230▼3.1% | $16,843,683▼16.1% | 990 |
| 2017 | $92,961 | $1,713,287 | -$1,620,326 | $20,079,132▲49053% | 990 |
| 2016 | $0 | $0 | $0 | $40,850 | 990EZ |
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.
Similar organizations in Education
Education
Terra Nova School
Buffalo, MN
$1.7M
C+annual revenue
Education
Sahan Journal
Saint Paul, MN
$1.8M
Dannual revenue
Education
Friends of Nova Classical Academy
Saint Paul, MN
$1.8M
Dannual revenue
Education
Breakthrough Twin Cities
Saint Paul, MN
$1.8M
Dannual revenue
Education
Nlaabc
Forest Lake, MN
$1.7M
Dannual revenue
Education
Movefwd Inc
Hopkins, MN
$1.7M
Bannual revenue
Education
Nasha Shkola
Brooklyn Park, MN
$1.7M
Dannual revenue
Education
Sonshine Learning Center
Mendota Hts, MN
$1.8M
C+annual revenue
Education
Minnesota Private College Fund
St Paul, MN
$1.8M
C+annual revenue
Education
South St Paul Educational Foundation
South St Paul, MN
$1.7M
Bannual revenue
Compare Friends of@spero Academy
Frequently asked questions
- Is Friends of@spero Academy a legitimate nonprofit?
- Yes. Friends of@spero Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-5382949, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Friends of@spero Academy's EIN?
- Friends of@spero Academy's Employer Identification Number (EIN) is 81-5382949.
- How much revenue does Friends of@spero Academy report?
- Friends of@spero Academy reported $1,721,442 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Friends of@spero Academy have?
- CharityIndex grades Friends of@spero Academy D, based on financial health (reserves and operating margin).
More nonprofits in Minneapolis
Explore more
Data for Friends of@spero Academy (EIN 81-5382949) 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.