Quick charity verification for Sharing Foundation (EIN: 10518534)
Verdict: Sharing Foundation appears trustworthy
95/100Mission Score
$1.2MRevenue
$9.4MAssets
1Red Flags
5Strengths
Red Flags
Slight deficit in the most recent filing (202303) where expenses ($688,693) exceeded revenue ($680,173), though this is a minor deviation from historical trends.
Strengths
Consistent zero executive compensation across all filings, indicating high efficiency and volunteer leadership.
Strong and growing asset base, currently at $9,378,382, providing significant financial stability.
Extremely low liabilities across all periods, demonstrating sound financial management and minimal debt.
Generally effective expense management, with expenses often below or comparable to revenue.
Long and consistent filing history (13 filings), indicating transparency and compliance.
Spending Breakdown
How Sharing Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Sharing Foundation
Is Sharing Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharing Foundation (EIN: 10518534) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Sharing Foundation a good charity to donate to?
Sharing Foundation has a Mission Score of 95/100. Revenue: $1.2M. Assets: $9.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sharing Foundation?
The Employer Identification Number (EIN) for Sharing Foundation is 10518534. 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 Sharing Foundation spend its money?
Sharing Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sharing Foundation's tax-exempt status?
You can verify Sharing Foundation's tax-exempt status using EIN 10518534 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
The Sharing Foundation demonstrates consistent financial health with a strong asset base, currently at $9,378,382, significantly exceeding its annual revenue. The organization has shown a pattern of managing expenses effectively, often spending less than or comparable to its revenue, as seen in 202203 where revenue was $781,837 against expenses of $595,500. While the latest filing (202303) shows a slight deficit with expenses ($688,693) exceeding revenue ($680,173), this appears to be an anomaly rather than a trend, and the organization's substantial assets provide a robust buffer. The absence of officer compensation reported across all filings indicates a high degree of volunteerism at the leadership level, which is a strong positive for spending efficiency and donor confidence. The organization's liabilities have consistently remained very low, indicating sound financial management and minimal debt burden. This financial stability, combined with no reported executive compensation, suggests a highly efficient and transparent operation focused on its mission.