Is Setton Foundation Legit?

Quick charity verification for Setton Foundation (EIN: 113577481)

Verdict: Setton Foundation appears trustworthy

85/100Mission Score
$6.6MRevenue
$9.8MAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

The Setton Foundation demonstrates consistent financial activity over the past decade, with revenues fluctuating but generally in the multi-million dollar range. In the most recent filing (202312), the organization reported revenues of $3,310,617 against expenses of $3,954,182, indicating a deficit for that period. However, prior years like 202212 and 202112 showed surpluses, suggesting a variable operational model. The foundation maintains a healthy asset base, growing from $4,494,440 in 2011 to $7,389,999 in 2023, indicating good long-term financial stability. The consistent reporting of zero officer compensation across all available filings suggests a high degree of transparency regarding executive pay and potentially a volunteer-driven leadership structure, which is a positive indicator for donor confidence. The NTEE code T22 (Private Grantmaking Foundations) implies that the majority of their expenses would be program-related grants, which aligns with efficient spending for their mission.

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Disclaimer

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

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