Is Kiwanis Foundation Of Sanford Inc Legit?…

Quick charity verification for Kiwanis Foundation Of Sanford Inc (EIN: 10508198)

Spending Breakdown

How Kiwanis Foundation Of Sanford Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Kiwanis Foundation Of Sanford Inc

Is Kiwanis Foundation Of Sanford Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Kiwanis Foundation Of Sanford Inc (EIN: 10508198) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Kiwanis Foundation Of Sanford Inc a good charity to donate to?

Kiwanis Foundation Of Sanford Inc has a Mission Score of 85/100. Revenue: $87K. Assets: $318K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kiwanis Foundation Of Sanford Inc?

The Employer Identification Number (EIN) for Kiwanis Foundation Of Sanford Inc is 10508198. 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 Kiwanis Foundation Of Sanford Inc spend its money?

Kiwanis Foundation Of Sanford Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kiwanis Foundation Of Sanford Inc's tax-exempt status?

You can verify Kiwanis Foundation Of Sanford Inc's tax-exempt status using EIN 10508198 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 Kiwanis Foundation Of Sanford Inc demonstrates a generally stable financial position, with assets growing from $101,824 in 2014 to $193,328 in 2023, and reaching a high of $221,630 in 2021. Revenue has fluctuated significantly, from a low of $19,837 in 2020 to a high of $65,366 in 2018, and most recently $38,188 in 2023. The organization consistently reports 0% officer compensation, indicating a volunteer-driven leadership, which is a positive sign for donor confidence and efficient use of funds. However, the expense figures are not broken down into program, administrative, and fundraising categories in the provided data, making a precise assessment of spending efficiency challenging. 

The organization's financial health appears sound, with assets consistently exceeding liabilities. The most recent filing shows assets of $193,328 against liabilities of $7,000. The significant drop in assets from $221,630 in 2021 to $179,142 in 2022, despite a revenue of $27,153, is notable, especially considering expenses of $61,530 in 2022. This suggests a year where expenses significantly outstripped revenue, drawing down reserves. The subsequent year (2023) shows a recovery with revenue exceeding expenses ($38,188 vs $27,502), leading to an increase in assets. 

Without detailed expense breakdowns, it's difficult to fully evaluate spending efficiency. However, the consistent lack of executive compensation is a strong indicator of transparency and a commitment to directing funds towards the mission. The organization's consistent filing of IRS 990 forms over 13 periods also demonstrates a commitment to regulatory compliance and transparency.

Is Kiwanis Foundation Of Sanford Inc Legit?

Verdict: Kiwanis Foundation Of Sanford Inc appears trustworthy

Red Flags

Strengths