Is Self Initiated Living Options Inc Legit?

Quick charity verification for Self Initiated Living Options Inc (EIN: 112721260)

Verdict: Self Initiated Living Options Inc appears trustworthy

85/100Mission Score

$4.8MRevenue

$5.8MAssets

2Red Flags

4Strengths

Red Flags

High liabilities relative to assets in recent filings (e.g., $5,479,372 liabilities vs. $5,713,065 assets in 2023)
Consistent 0% officer compensation, which is unusual for an organization of this size and warrants further inquiry into executive compensation structure.

Strengths

Consistent and significant revenue growth over the past decade, from $1.2M in 2014 to $4.6M in 2023.
Substantial asset growth, from $412,092 in 2014 to $5,713,065 in 2023, indicating increasing financial capacity.
No reported officer compensation across all available filings, suggesting a strong commitment to directing funds to mission.
Expenses generally kept close to revenue, indicating prudent financial management.

Spending Breakdown

How Self Initiated Living Options Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Self Initiated Living Options Inc

Is Self Initiated Living Options Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Self Initiated Living Options Inc (EIN: 112721260) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Self Initiated Living Options Inc a good charity to donate to?

Self Initiated Living Options Inc has a Mission Score of 85/100. Revenue: $4.8M. Assets: $5.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Self Initiated Living Options Inc?

The Employer Identification Number (EIN) for Self Initiated Living Options Inc is 112721260. 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 Self Initiated Living Options Inc spend its money?

Self Initiated Living Options Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Self Initiated Living Options Inc's tax-exempt status?

You can verify Self Initiated Living Options Inc's tax-exempt status using EIN 112721260 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

Self Initiated Living Options Inc (SILO) demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding operation. In the latest filing (202309), the organization reported revenues of $4,641,682 against expenses of $4,681,869, showing a slight deficit for the period, which is not uncommon for growing nonprofits. However, its assets have significantly increased from $412,092 in 2014 to $5,713,065 in 2023, suggesting strong financial management and accumulation of resources. The organization's liabilities have also grown in proportion to its assets, with $5,479,372 in liabilities against $5,713,065 in assets in 2023, indicating a high reliance on debt or deferred revenue, which warrants closer examination.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries. This is a positive indicator for donor confidence and operational efficiency. The organization's ability to manage expenses closely to revenue, as seen in most years where expenses are slightly below or very close to revenue, suggests prudent financial control.

Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is a notable point of transparency. However, the lack of detailed expense categories in the provided data limits a full assessment of how efficiently funds are allocated across programs, administration, and fundraising. Further detail on these breakdowns would enhance transparency and allow for a more granular analysis of spending efficiency.

View Full Transparency Report →

Disclaimer

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