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.
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.