Quick charity verification for Sandy Bay Lighthouse Ministries Inc (EIN: 202749619)
Verdict: Sandy Bay Lighthouse Ministries Inc appears trustworthy
85/100Mission Score
$590KRevenue
$1.1MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed functional expense breakdown in provided data, limiting granular efficiency analysis
Strengths
Consistent revenue growth, from $123,148 in 2014 to $649,523 in 2023
Strong asset growth, from $81,365 in 2014 to $1,114,782 in 2023
Zero reported liabilities across all filings, indicating excellent financial stability and no debt
No reported officer compensation, suggesting low administrative overhead at the leadership level
Consistent generation of financial surpluses in most years, contributing to asset accumulation
Spending Breakdown
How Sandy Bay Lighthouse Ministries Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Sandy Bay Lighthouse Ministries Inc
Is Sandy Bay Lighthouse Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sandy Bay Lighthouse Ministries Inc (EIN: 202749619) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Sandy Bay Lighthouse Ministries Inc a good charity to donate to?
Sandy Bay Lighthouse Ministries Inc has a Mission Score of 85/100. Revenue: $590K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sandy Bay Lighthouse Ministries Inc?
The Employer Identification Number (EIN) for Sandy Bay Lighthouse Ministries Inc is 202749619. 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 Sandy Bay Lighthouse Ministries Inc spend its money?
Sandy Bay Lighthouse Ministries Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sandy Bay Lighthouse Ministries Inc's tax-exempt status?
You can verify Sandy Bay Lighthouse Ministries Inc's tax-exempt status using EIN 202749619 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
Sandy Bay Lighthouse Ministries Inc demonstrates a generally healthy financial position with consistent revenue growth over the past decade, culminating in $649,523 in revenue in 2023. The organization maintains a strong asset base, reaching $1,114,782 in 2023, with no reported liabilities across all available filings, indicating excellent financial stability and a lack of debt. Spending efficiency appears robust, as evidenced by the significant surplus in most years, such as the $338,393 surplus in 2022 when expenses were $390,818 against $729,211 in revenue. The absence of officer compensation reported in all filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator for donor confidence regarding administrative costs. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.
The organization's financial health is further bolstered by its consistent growth in assets, from $81,365 in 2014 to over $1.1 million in 2023, reflecting effective management of resources and accumulation of reserves. The lack of liabilities is a significant strength, providing financial resilience. While the overall financial picture is positive, the absence of detailed expense categorization in the provided data prevents a granular analysis of how funds are allocated between direct program services, administrative overhead, and fundraising efforts. This lack of detail slightly impacts transparency regarding operational efficiency.
Overall, Sandy Bay Lighthouse Ministries Inc appears to be a financially sound organization with a strong balance sheet and a history of generating surpluses. Its growth trajectory and debt-free status are commendable. To enhance transparency further, providing a clear breakdown of functional expenses would allow for a more comprehensive evaluation of its spending efficiency and program impact.