Quick charity verification for Shared Support Maryland Inc (EIN: 205302788)
Verdict: Shared Support Maryland Inc shows mixed signals
55/100Mission Score
$280KRevenue
$43KAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits in recent years (2023, 2022)
Significant decline in assets from $160,553 in 2020 to $39,280 in 2023
Liabilities ($130,079 in 2023) significantly exceed current assets ($39,280 in 2023)
Declining revenue trend from a high of $522,601 in 2021 to $272,068 in 2023
Strengths
Consistent reporting of 0% officer compensation, indicating no executive salaries.
Long history of IRS 990 filings (13 filings), suggesting transparency in reporting.
Spending Breakdown
How Shared Support Maryland 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
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 Shared Support Maryland Inc
Is Shared Support Maryland Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shared Support Maryland Inc (EIN: 205302788) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Shared Support Maryland Inc a good charity to donate to?
Shared Support Maryland Inc has a Mission Score of 55/100. Revenue: $280K. Assets: $43K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shared Support Maryland Inc?
The Employer Identification Number (EIN) for Shared Support Maryland Inc is 205302788. 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 Shared Support Maryland Inc spend its money?
Shared Support Maryland Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shared Support Maryland Inc's tax-exempt status?
You can verify Shared Support Maryland Inc's tax-exempt status using EIN 205302788 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
Shared Support Maryland Inc. exhibits a concerning trend of operating deficits in recent years, with expenses exceeding revenue in 2023 ($287,419 vs. $272,068) and 2022 ($407,978 vs. $367,170). This consistent spending beyond income suggests potential financial instability. The organization's assets have also shown a significant decline from a high of $160,553 in 2020 to $39,280 in 2023, while liabilities remain substantial at $130,079 in 2023, far exceeding its current assets. This indicates a weak balance sheet and a reliance on debt or future funding to cover obligations.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent operating deficits are a red flag for overall efficiency. The organization reports 0% officer compensation across all filings, which is a positive indicator for minimizing executive overhead and potentially directing more funds to its mission. Transparency appears adequate given the consistent filing of IRS Form 990s, but the financial trends warrant closer scrutiny.
The organization's financial health appears to be deteriorating, marked by declining revenues, persistent operating losses, and a weakening asset base relative to liabilities. While the lack of officer compensation is commendable, the broader financial picture suggests a need for strategic adjustments to ensure long-term sustainability and mission delivery.