Is Abel And Sophia Sheng Charitablefoundation Legit?
Quick charity verification for Abel And Sophia Sheng Charitablefoundation (EIN: 208028091)
Verdict: Abel And Sophia Sheng Charitablefoundation appears trustworthy
85/100Mission Score
$708KRevenue
$520KAssets
2Red Flags
3Strengths
Red Flags
Significant year-over-year fluctuations in revenue and expenses, indicating potential instability or inconsistent funding.
Expenses exceeding revenue in some years (e.g., 2023: $810,948 expenses vs. $674,772 revenue), leading to operational deficits.
Strengths
Consistent reporting of 0% officer compensation, indicating strong financial stewardship and dedication of resources to the mission.
Minimal liabilities ($1 across all filings) suggesting a very healthy balance sheet in terms of debt.
Maintained a substantial asset base over time, demonstrating financial resilience and capacity for future grantmaking.
Spending Breakdown
How Abel And Sophia Sheng Charitablefoundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Abel And Sophia Sheng Charitablefoundation
Is Abel And Sophia Sheng Charitablefoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Abel And Sophia Sheng Charitablefoundation (EIN: 208028091) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Abel And Sophia Sheng Charitablefoundation a good charity to donate to?
Abel And Sophia Sheng Charitablefoundation has a Mission Score of 85/100. Revenue: $708K. Assets: $520K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Abel And Sophia Sheng Charitablefoundation?
The Employer Identification Number (EIN) for Abel And Sophia Sheng Charitablefoundation is 208028091. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Abel And Sophia Sheng Charitablefoundation spend its money?
Abel And Sophia Sheng Charitablefoundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Abel And Sophia Sheng Charitablefoundation's tax-exempt status?
You can verify Abel And Sophia Sheng Charitablefoundation's tax-exempt status using EIN 208028091 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Abel And Sophia Sheng Charitablefoundation demonstrates a fluctuating financial performance over the past decade. While the organization reported $708,357 in latest revenue and $519,832 in assets, its financial health has seen significant swings. For instance, in 2023, expenses ($810,948) exceeded revenue ($674,772), leading to a deficit, whereas in 2022, revenue ($855,480) significantly outpaced expenses ($563,741). The organization consistently reports minimal liabilities ($1), suggesting a stable balance sheet in that regard. The absence of officer compensation across all reported filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for spending efficiency and transparency.
However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, which typically involves lower administrative overhead compared to direct service charities. The consistent reporting of zero officer compensation enhances transparency and suggests a volunteer-driven or minimally compensated leadership structure. The foundation's asset base has also fluctuated, reaching a high of $1,060,712 in 2022 before decreasing to $924,536 in 2023, indicating active management of its endowment or investment portfolio.