Quick charity verification for Share Of New Square Inc (EIN: 133475062)
Verdict: Share Of New Square Inc appears trustworthy
85/100Mission Score
$38.1MRevenue
$15.6MAssets
3Red Flags
4Strengths
Red Flags
Significant increase in liabilities relative to assets over time, from $1.07M in 2014 to $10.43M in 2023, which could indicate reliance on debt or other obligations.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Consistent 0% officer compensation for an organization with over $24M in revenue is highly unusual and may suggest alternative compensation structures or reporting methods not fully transparent.
Strengths
Consistent and substantial revenue growth, from $6.19M in 2014 to $24.20M in 2023, demonstrating strong financial health and fundraising capabilities.
Healthy asset accumulation, increasing from $3.25M in 2014 to $13.75M in 2023, indicating financial stability.
Expenses generally kept below revenue, leading to positive net assets in most years.
No reported officer compensation, suggesting a strong commitment to directing funds towards the mission or volunteer leadership.
Spending Breakdown
How Share Of New Square 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
5%
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 Share Of New Square Inc
Is Share Of New Square Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Share Of New Square Inc (EIN: 133475062) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Share Of New Square Inc a good charity to donate to?
Share Of New Square Inc has a Mission Score of 85/100. Revenue: $38.1M. Assets: $15.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Share Of New Square Inc?
The Employer Identification Number (EIN) for Share Of New Square Inc is 133475062. 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 Share Of New Square Inc spend its money?
Share Of New Square Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Share Of New Square Inc's tax-exempt status?
You can verify Share Of New Square Inc's tax-exempt status using EIN 133475062 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
Share Of New Square Inc demonstrates consistent growth in revenue and assets over the past decade, indicating a financially stable and expanding organization. For instance, revenue grew from $6.19 million in 2014 to $24.20 million in 2023, and assets increased from $3.25 million to $13.75 million in the same period. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The consistent increase in liabilities alongside assets warrants further investigation to understand the nature of these obligations and their impact on long-term financial health.
The organization's financial health appears robust, with revenue generally exceeding expenses, leading to a healthy accumulation of assets. The significant growth in both revenue and assets suggests effective fundraising and financial management. The absence of reported officer compensation is a notable positive for transparency, as it implies that leadership is either unpaid or compensated through other means not captured in this specific metric, which is rare for an organization of this size. To fully evaluate spending efficiency, a more granular breakdown of expenses beyond total expenses would be beneficial, particularly to understand the proportion dedicated directly to programs versus overhead.