High liabilities-to-assets ratio, consistently close to 1:1, suggesting significant financial obligations.
NTEE code W99 (Unknown) indicates a lack of clear mission or program classification, hindering transparency.
Lack of detailed expense breakdown in available data makes it difficult to precisely assess program efficiency.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for non-executive purposes.
Generally stable revenue generation, with revenues often exceeding or closely matching expenses over the past decade (e.g., $612,926 revenue vs. $573,092 expenses in 2023).
Maintained substantial assets over time, with assets reaching $2,793,295 in 2023.
Spending Breakdown
How Secure Benefit Services Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Secure Benefit Services Inc
Is Secure Benefit Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Secure Benefit Services Inc (EIN: 20616337) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is Secure Benefit Services Inc a good charity to donate to?
Secure Benefit Services Inc has a Mission Score of 60/100. Revenue: $562K. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Secure Benefit Services Inc?
The Employer Identification Number (EIN) for Secure Benefit Services Inc is 20616337. 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 Secure Benefit Services Inc spend its money?
Secure Benefit Services Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Secure Benefit Services Inc's tax-exempt status?
You can verify Secure Benefit Services Inc's tax-exempt status using EIN 20616337 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
Secure Benefit Services Inc. demonstrates consistent financial activity with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, the organization reported revenues of $612,926 against expenses of $573,092, indicating a surplus. The organization's assets have fluctuated but remained substantial, reaching $2,793,295 in 2023. A notable aspect of their financial structure is the high proportion of liabilities relative to assets, with liabilities often very close to total assets, such as $2,737,009 in liabilities against $2,793,295 in assets in 2023. This suggests a significant reliance on debt or other obligations, which warrants further investigation into the nature of these liabilities.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent zero officer compensation reported across all filings is a positive indicator for donor confidence, suggesting that leadership is not drawing a salary from the organization. The organization's NTEE code W99 (Unknown) is a concern for transparency, as it does not clearly define its programmatic area, making it difficult for stakeholders to understand its mission and impact. This lack of clarity could hinder a comprehensive evaluation of its program effectiveness and overall financial health.
Overall, while the organization appears to manage its revenues and expenses effectively, the high liabilities-to-assets ratio and the ambiguous NTEE code are areas that could impact its perceived financial stability and transparency. Further disclosure on the nature of its liabilities and a more specific mission classification would enhance its transparency and allow for a more robust assessment of its financial health and spending efficiency.