Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into how executive leadership is compensated or structured.
Strengths
Consistent revenue growth over a decade, from $2.3 million in 2014 to $6.6 million in 2023, indicating strong financial sustainability.
Healthy asset growth, increasing from $429,874 in 2014 to $2,169,831 in 2023, demonstrating capacity building.
Low liabilities relative to assets and revenue, suggesting good financial management and minimal debt burden.
High program spending efficiency, with expenses consistently close to revenue (e.g., $6,046,144 expenses on $6,647,613 revenue in 2023), indicating most funds are directed towards operations and mission.
Strong transparency regarding executive compensation, even if the 0% figure requires further context.
Spending Breakdown
How Shalimare Incorporated allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Shalimare Incorporated
Is Shalimare Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Shalimare Incorporated (EIN: 201344455) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Shalimare Incorporated a good charity to donate to?
Shalimare Incorporated has a Mission Score of 92/100. Revenue: $6.6M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shalimare Incorporated?
The Employer Identification Number (EIN) for Shalimare Incorporated is 201344455. 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 Shalimare Incorporated spend its money?
Shalimare Incorporated allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shalimare Incorporated's tax-exempt status?
You can verify Shalimare Incorporated's tax-exempt status using EIN 201344455 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
Shalimare Incorporated demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past decade, increasing from $2.3 million in 2014 to over $6.6 million in 2023. The organization has also steadily built its asset base, reaching $2.1 million in 2023, indicating sound financial management and capacity building. Their liabilities have remained relatively low, especially in recent years, suggesting good fiscal control. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator of transparency and a focus on mission-driven spending rather than executive enrichment. This practice, while unusual for an organization of its size, suggests that leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which warrants further investigation for complete transparency. Overall, the organization appears to be financially stable and growing, with a strong commitment to minimizing administrative overhead related to executive pay.