Iola L Spencer Memorial Tr
501(c)(92)
Only null% goes to programs Strong reserves
Iola L Spencer Memorial Tr is a 501(c)(92) organization based in Birmingham, Alabama, with $24,997 in FY2024 revenue. CharityIndex grades it C+.
Po Box 11647, Birmingham, AL, 35202 EIN 64-6201020
Revenue (FY2024)
$25K
▲ 388.0% vs prior year
Expenses (FY2024)
$18K
Net assets
$281K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Iola L Spencer Memorial Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating183 mo reserves · +26% 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 Iola L Spencer Memorial Tr: 183 mo reserves · +26% margin earns a B+ 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 Iola L Spencer Memorial Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Iola L Spencer Memorial Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 11647, Birmingham, AL, 35202
- City
- Birmingham
- State
- Alabama
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $14K (FY2020) to $25K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $281K
Operating margin
26.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$281K
Total liabilities
$0
Net assets
$281K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $24,997▲388% | $18,397▼7.2% | $281,133▲2.4% | $281,133▲2.4% | 990PF |
| 2023 | $5,122▼38.0% | $19,821▼16.2% | $274,537▼5.1% | $274,537▼5.1% | 990PF |
| 2022 | $8,257▼71.5% | $23,640▲42.5% | $289,415▼5.3% | $289,415▼5.3% | 990PF |
| 2021 | $28,936▲106% | $16,587▲62.7% | $305,537▲4.1% | $305,537▲4.1% | 990PF |
| 2020 | $14,074 | $10,195 | $293,412 | $293,412 | 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.
Frequently asked questions
- Is Iola L Spencer Memorial Tr a legitimate nonprofit?
- Yes. Iola L Spencer Memorial Tr is a 501(c)(92) organization registered with the U.S. Internal Revenue Service under EIN 64-6201020, based in Birmingham, Alabama.
- What is Iola L Spencer Memorial Tr's EIN?
- Iola L Spencer Memorial Tr's Employer Identification Number (EIN) is 64-6201020.
- How much revenue does Iola L Spencer Memorial Tr report?
- Iola L Spencer Memorial Tr reported $24,997 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Iola L Spencer Memorial Tr have?
- CharityIndex grades Iola L Spencer Memorial Tr C+, based on financial health (reserves and operating margin).
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Data for Iola L Spencer Memorial Tr (EIN 64-6201020) 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.