Quick charity verification for Saddleup Foundation (EIN: 202751374)
Verdict: Saddleup Foundation has notable concerns
20/100Mission Score
$0Revenue
$0Assets
2Red Flags
1Strengths
Red Flags
Latest filing shows $0 revenue and assets, indicating potential dormancy or closure.
Historical trend of expenses exceeding revenue, leading to negative net assets in some periods (e.g., 2014: Liabilities $432,246 vs. Assets $358,714).
Strengths
Consistent reporting of 0% officer compensation across all available filings, indicating no executive salary burden on the organization's finances.
Spending Breakdown
How Saddleup Foundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Saddleup Foundation
Is Saddleup Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Saddleup Foundation (EIN: 202751374) has notable concerns. Mission Score: 20/100. 2 red flags identified, 1 strength noted.
Is Saddleup Foundation a good charity to donate to?
Saddleup Foundation 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 Saddleup Foundation?
The Employer Identification Number (EIN) for Saddleup Foundation is 202751374. 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 Saddleup Foundation spend its money?
Saddleup Foundation allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Saddleup Foundation's tax-exempt status?
You can verify Saddleup Foundation's tax-exempt status using EIN 202751374 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
Saddleup Foundation appears to be in a precarious financial position, as indicated by its latest filing showing $0 in revenue and assets. This is a significant decline from previous years where the organization consistently reported revenues around $500,000-$600,000. The organization has historically operated with expenses often exceeding revenue, leading to negative net assets in some periods, such as 2014 where liabilities ($432,246) significantly outstripped assets ($358,714). While the organization has consistently reported 0% officer compensation, which is a positive sign for donor trust, the current financial state raises serious concerns about its operational viability and future. Without current financial activity, it's difficult to assess spending efficiency or program impact.