Quick charity verification for Sebco Development Inc (EIN: 132944013)
Verdict: Sebco Development Inc appears trustworthy
75/100Mission Score
$1.8MRevenue
$8.1MAssets
2Red Flags
2Strengths
Red Flags
Recurring operating deficits (e.g., 202304: Expenses $3.5M vs. Revenue $2.6M)
Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual leadership costs or indicate reliance on external support.
Strengths
Consistent reporting of 0% officer compensation, indicating resources are not allocated to executive salaries.
Stable asset base over time, suggesting financial resilience despite operating deficits (e.g., $8.3M in 202304, $9.5M in 202204).
Spending Breakdown
How Sebco Development Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Sebco Development Inc
Is Sebco Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sebco Development Inc (EIN: 132944013) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
Is Sebco Development Inc a good charity to donate to?
Sebco Development Inc has a Mission Score of 75/100. Revenue: $1.8M. Assets: $8.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sebco Development Inc?
The Employer Identification Number (EIN) for Sebco Development Inc is 132944013. 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 Sebco Development Inc spend its money?
Sebco Development Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sebco Development Inc's tax-exempt status?
You can verify Sebco Development Inc's tax-exempt status using EIN 132944013 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
Sebco Development Inc. demonstrates a consistent operational history, with assets generally stable around $8-9 million in recent years, though there was a notable dip in 2022 to $9.5 million from $10.1 million in 2016. The organization's revenue has fluctuated, with a significant spike in 2016 to over $6 million, but typically hovers between $1.2 million and $2.6 million. In the most recent filing (202304), expenses ($3,536,256) exceeded revenue ($2,661,379), indicating an operating deficit for that period. This trend of expenses exceeding revenue is also visible in 202204, 202004, 201704, 201404, and 201304, suggesting a reliance on prior reserves or other funding sources to cover operational costs in several years. The organization consistently reports 0% officer compensation, which is a positive indicator for resource allocation directly to mission-related activities.