Is Sanborn Seminary Legit?

Quick charity verification for Sanborn Seminary (EIN: 20222233)

Verdict: Sanborn Seminary appears trustworthy

85/100Mission Score
$390KRevenue
$909KAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Sanborn Seminary demonstrates a consistent operational history with fluctuating but generally positive net assets over the past decade, currently holding $909,389 in assets. The organization's revenue has varied significantly, from a low of $-13,047 in 2016 to a high of $75,527 in 2022, with the latest reported revenue at $390,441. This latest figure is a substantial increase compared to previous years, which warrants further investigation to understand its source and sustainability. The organization consistently reports 0% officer compensation, indicating a volunteer-led or very lean executive structure, which can be a positive sign for donor confidence regarding administrative overhead. However, the presence of liabilities, particularly $2,497 in 2023, after several years of zero liabilities, suggests a recent change in financial structure or obligations that should be monitored. The NTEE code B58Z suggests a focus on educational support, and the financial data, while showing some volatility, indicates a stable asset base supporting its mission.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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