Is Selamta Family Project Inc Legit? —…

Spending Breakdown

How Selamta Family Project 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

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 Selamta Family Project Inc

Is Selamta Family Project Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Selamta Family Project Inc (EIN: 202199559) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Selamta Family Project Inc a good charity to donate to?

Selamta Family Project Inc has a Mission Score of 75/100. Revenue: $560K. Assets: $139K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Selamta Family Project Inc?

The Employer Identification Number (EIN) for Selamta Family Project Inc is 202199559. 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 Selamta Family Project Inc spend its money?

Selamta Family Project Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Selamta Family Project Inc's tax-exempt status?

You can verify Selamta Family Project Inc's tax-exempt status using EIN 202199559 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

Selamta Family Project Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing (202312), the organization reported expenses of $604,509 against revenues of $572,179, indicating a slight operating deficit. This trend of expenses exceeding revenue is also observed in the 202212 period, where expenses were $743,038 against revenues of $620,639. While the organization has experienced periods of surplus, such as in 202112 and 202012, the recent deficits suggest a need for careful financial management to ensure long-term sustainability. The organization's assets have fluctuated, decreasing from $193,931 in 202112 to $46,895 in 202312, which warrants attention.

The organization's spending efficiency appears strong, with a significant portion of its expenses directed towards program services. The absence of reported officer compensation across all available filings is a notable positive for transparency and donor confidence, indicating that leadership is not drawing a salary from the organization. However, the consistent operating deficits in recent years could impact its ability to maintain or expand programs without increased fundraising or more stringent cost controls. The relatively low asset base compared to annual expenses also suggests limited reserves to weather financial downturns.

Overall, Selamta Family Project Inc exhibits good transparency regarding executive compensation and a strong program focus. However, the recent trend of spending exceeding revenue and declining assets are areas that potential donors and stakeholders should monitor. A detailed breakdown of program, administrative, and fundraising expenses would provide a clearer picture of operational efficiency.

Is Selamta Family Project Inc Legit?

Verdict: Selamta Family Project Inc appears trustworthy

Red Flags

Strengths