Is Al Sigl Foundation Inc Legit?

Quick charity verification for Al Sigl Foundation Inc (EIN: 161544847)

Verdict: Al Sigl Foundation Inc appears trustworthy

85/100Mission Score

$3.5MRevenue

$36.1MAssets

1Red Flags

4Strengths

Red Flags

0% officer compensation reported for an organization of this size and asset base is highly unusual and warrants further investigation into how leadership is compensated or structured.

Strengths

Consistent asset growth over a decade, from $24 million to over $36 million.
Positive net income in most recent years, including $773,940 in 2023.
No reported officer compensation, suggesting a high proportion of funds directed to mission.
Strong financial reserves with assets significantly exceeding liabilities (e.g., $33M assets vs. $1.1M liabilities in 2023).

Spending Breakdown

How Al Sigl Foundation Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

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 Al Sigl Foundation Inc

Is Al Sigl Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Al Sigl Foundation Inc (EIN: 161544847) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Al Sigl Foundation Inc a good charity to donate to?

Al Sigl Foundation Inc has a Mission Score of 85/100. Revenue: $3.5M. Assets: $36.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Al Sigl Foundation Inc?

The Employer Identification Number (EIN) for Al Sigl Foundation Inc is 161544847. 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 Al Sigl Foundation Inc spend its money?

Al Sigl Foundation Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Al Sigl Foundation Inc's tax-exempt status?

You can verify Al Sigl Foundation Inc's tax-exempt status using EIN 161544847 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 Al Sigl Foundation Inc demonstrates a generally healthy financial position, with assets consistently growing over the past decade, reaching $36,089,547 in the latest filing. The organization has shown a positive net income in most recent years, with 2023 revenue of $3,294,160 exceeding expenses of $2,520,220. While there have been periods of deficit spending, such as in 2022 ($1,724,733 revenue vs. $2,664,468 expenses) and 2019 ($2,001,430 revenue vs. $2,102,165 expenses), these appear to be managed within the context of their substantial asset base. The consistent growth in assets suggests effective long-term financial management and stability.

The organization's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is a positive sign for donor funds being directed towards the mission. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated, but the overall financial health and lack of reported officer compensation suggest a focus on mission. The foundation's transparency is commendable in its consistent filing history and the clear reporting of financial metrics.

Overall, the Al Sigl Foundation Inc appears to be a financially stable and well-managed organization. Its consistent asset growth, positive net income in recent years, and the absence of reported officer compensation contribute to a favorable assessment of its financial health and potential for efficient use of funds. Further detailed expense breakdowns would enhance the analysis of spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.