Is S Glass Foundation Inc Legit?

Strengths

Zero officer compensation reported across all filings, indicating low executive overhead.
Very low liabilities reported in recent years (e.g., $1 in 2023 and 2022), indicating strong debt management.
Substantial asset base ($23,114,696 latest) provides financial stability and capacity for grantmaking.
Consistent IRS 990 filing history (10 filings) demonstrates transparency and compliance.

Spending Breakdown

How S Glass Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

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 S Glass Foundation Inc

Is S Glass Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, S Glass Foundation Inc (EIN: 200404148) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is S Glass Foundation Inc a good charity to donate to?

S Glass Foundation Inc has a Mission Score of 75/100. Revenue: $10.5M. Assets: $23.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for S Glass Foundation Inc?

The Employer Identification Number (EIN) for S Glass Foundation Inc is 200404148. 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 S Glass Foundation Inc spend its money?

S Glass Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify S Glass Foundation Inc's tax-exempt status?

You can verify S Glass Foundation Inc's tax-exempt status using EIN 200404148 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 S Glass Foundation Inc. demonstrates a consistent pattern of spending exceeding its revenue in recent years, as evidenced by expenses of $779,195 against revenue of $404,861 in 2023, and $957,406 against $297,669 in 2022. This trend suggests the organization is drawing down on its assets or relying on prior period surpluses, which is reflected in the fluctuation of its asset base, from $13,853,210 in 2022 to $13,600,540 in 2023. While the foundation has a substantial asset base of $23,114,696, the sustained operational deficit warrants closer examination of its long-term financial sustainability.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available, and a clear indication of zero officer compensation across all reported periods. This suggests a commitment to minimizing administrative overhead related to executive pay. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency beyond the top-line revenue and expense figures.

Given the foundation's NTEE code T22 (Foundations, Grantmaking & Giving Services), its primary function is likely grantmaking. The consistent operational deficits, while potentially part of a planned spending strategy for a foundation, still require careful monitoring to ensure the long-term viability of its mission. The lack of liabilities across most recent filings (e.g., $1 in 2023 and 2022) is a positive indicator of financial health in terms of debt management.

Verdict: S Glass Foundation Inc appears trustworthy

Red Flags