Quick charity verification for Matthew Siravo Memorial Foundation Inc (EIN: 200096759)
Verdict: Matthew Siravo Memorial Foundation Inc has notable concerns
20/100Mission Score
$0Revenue
$0Assets
3Red Flags
2Strengths
Red Flags
Latest filing shows $0 revenue and assets, indicating potential insolvency or inactivity.
Consistent trend of expenses exceeding revenue in multiple historical periods (e.g., 2016, 2015, 2014).
Significant decline in assets over time, from $647,487 in 2012 to $0 in the latest filing.
Strengths
No reported officer compensation across all filings, indicating a volunteer-driven leadership.
Historically managed significant revenues and assets before the recent decline.
Spending Breakdown
How Matthew Siravo Memorial Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Matthew Siravo Memorial Foundation Inc
Is Matthew Siravo Memorial Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Matthew Siravo Memorial Foundation Inc (EIN: 200096759) has notable concerns. Mission Score: 20/100. 3 red flags identified, 2 strengths noted.
Is Matthew Siravo Memorial Foundation Inc a good charity to donate to?
Matthew Siravo Memorial Foundation Inc has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Matthew Siravo Memorial Foundation Inc?
The Employer Identification Number (EIN) for Matthew Siravo Memorial Foundation Inc is 200096759. 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 Matthew Siravo Memorial Foundation Inc spend its money?
Matthew Siravo Memorial Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Matthew Siravo Memorial Foundation Inc's tax-exempt status?
You can verify Matthew Siravo Memorial Foundation Inc's tax-exempt status using EIN 200096759 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 Matthew Siravo Memorial Foundation Inc. appears to be in a state of significant decline, as evidenced by its latest reported revenue and assets of $0. This contrasts sharply with its financial activity in prior years, where it consistently reported revenues in the hundreds of thousands (e.g., $223,043 in 2016 and $291,283 in 2015) and substantial assets (e.g., $548,962 in 2016). The sudden drop to zero suggests either a cessation of operations, a significant change in reporting, or a complete depletion of funds. Without further context, this abrupt change raises serious questions about the organization's current status and financial viability.
Historically, the organization demonstrated a pattern of expenses often exceeding revenue, such as in 2016 where expenses were $260,402 against $223,043 in revenue, and in 2015 with $327,499 in expenses against $291,283 in revenue. While this isn't inherently problematic for all nonprofits, a sustained trend can erode assets over time, which aligns with the observed decrease in assets from $647,487 in 2012 to $548,962 in 2016, before the ultimate drop to zero. The lack of reported officer compensation across all filings indicates a volunteer-led structure, which can be a positive for efficiency, but the current financial state overshadows this.
The most recent filing showing $0 revenue and assets indicates a critical financial situation. While past filings showed some financial activity, the current data suggests the organization is no longer operational or has been fully depleted. This lack of current financial activity makes it difficult to assess ongoing spending efficiency or program focus, as there are no funds being managed. Transparency is limited by the absence of current financial details beyond the $0 figures.