Charity Search / SPIRITWOOD FOUNDATION
Medical Research (H12) 990 on File

SPIRITWOOD FOUNDATION

EIN: 20-3170734 · ELY, MN 55731-0179 · United States · FY 2025 Data
2 out of 5 31 / 100 Based on 2+ years of filings
Financial strength (30%) 58/100
Reliability (20%) 40/100
Effectiveness (25%) 21/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$24K
Total Revenue
$28K
Total Expenses
$20K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 54.5%
Fundraising Efficiency N/A
Operating Reserve 8.85x
Liability-to-Asset 0.0%
Revenue Diversification 90.3%
Executive Compensation $10K
Compared with Peers
FY 2025
Compared with 378 similar organizations (United States, Medical Research, under $100K in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
54.5% 75.9%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
8.9 mo 44.2 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
90.3% 100.0%
P10P90
Above median
Revenue growth
Year over year revenue growth
-45.4% 2.1%
P10P90
Expense growth
Year over year expense growth
-39.1% -2.5%
P10P90
Surplus margin
Surplus as a share of revenue
-16.2% 20.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $24K $28K $20K 54.5% —
2024 $44K $45K $24K 25.9% —
2023 $48K $53K $26K 82.6% —
2022 $44K $30K $3K 0.0% —
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Organization Details
EIN
20-3170734
State
MN
City
ELY
ZIP
55731-0179
Classification
H12
Category
Medical Research
Rating
2★
Coverage
A
Last Updated
Sep 2026
Form 990
On File
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