Is Larry Sharley Institute Of Evangelism Inc Legit?
Quick charity verification for Larry Sharley Institute Of Evangelism Inc (EIN: 202447490)
Verdict: Larry Sharley Institute Of Evangelism Inc appears trustworthy
85/100Mission Score
$146KRevenue
$111KAssets
1Red Flags
4Strengths
Red Flags
Inconsistent revenue streams leading to periodic deficits (e.g., 2022, 2020, 2017, 2016, 2014).
Strengths
Consistent reporting of 0% officer compensation across all filings.
Significant financial surplus in 2023 ($295,250 revenue vs. $182,243 expenses).
Strong asset growth in the most recent period, from $37,566 in 2022 to $151,676 in 2023.
Consistent filing of IRS Form 990s over 13 periods, indicating good transparency and compliance.
Spending Breakdown
How Larry Sharley Institute Of Evangelism Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Larry Sharley Institute Of Evangelism Inc
Is Larry Sharley Institute Of Evangelism Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Larry Sharley Institute Of Evangelism Inc (EIN: 202447490) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Larry Sharley Institute Of Evangelism Inc a good charity to donate to?
Larry Sharley Institute Of Evangelism Inc has a Mission Score of 85/100. Revenue: $146K. Assets: $111K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Larry Sharley Institute Of Evangelism Inc?
The Employer Identification Number (EIN) for Larry Sharley Institute Of Evangelism Inc is 202447490. 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 Larry Sharley Institute Of Evangelism Inc spend its money?
Larry Sharley Institute Of Evangelism Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Larry Sharley Institute Of Evangelism Inc's tax-exempt status?
You can verify Larry Sharley Institute Of Evangelism Inc's tax-exempt status using EIN 202447490 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 Larry Sharley Institute Of Evangelism Inc demonstrates a generally stable financial position over the past decade, with revenues and expenses fluctuating but often showing a positive net income in recent years. For instance, in 2023, the organization reported revenues of $295,250 against expenses of $182,243, leading to a significant surplus. This trend of positive net income in 2023, 2021, 2019, and 2018 suggests a capacity to manage its financial resources effectively, building its asset base to $151,676 in 2023 from $37,566 in 2022. However, there have been periods of deficit spending, notably in 2022, 2020, 2017, 2016, and 2014, which indicates some variability in financial performance.
The organization's transparency appears strong regarding executive compensation, as all filings consistently report 0% officer compensation. This suggests that the leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to regulatory compliance and public disclosure. While specific program spending ratios are not provided in the summary data, the overall financial health, marked by growing assets and recent surpluses, suggests a well-managed operation.
Overall, the Larry Sharley Institute Of Evangelism Inc exhibits a sound financial footing with a history of responsible financial management, particularly in recent years. The absence of officer compensation is a notable strength in terms of transparency and resource allocation. While revenue can fluctuate, the organization has demonstrated an ability to recover and build its asset base, indicating resilience and a focus on long-term sustainability.