Quick charity verification for Sharing Network Foundation Inc (EIN: 202737719)
Verdict: Sharing Network Foundation Inc appears trustworthy
85/100Mission Score
$1.8MRevenue
$5.5MAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed functional expense breakdown in summary data prevents precise spending efficiency analysis.
Strengths
Consistent revenue generation, with latest revenue at $1,686,098 (202312).
Positive net assets growth over the decade, from $453,677 (201412) to $1,679,869 (202312).
No reported officer compensation across all filings, indicating strong commitment to mission-focused spending.
Generally manages expenses below or close to revenue, demonstrating financial stability.
Spending Breakdown
How Sharing Network Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Network Foundation Inc
Is Sharing Network Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharing Network Foundation Inc (EIN: 202737719) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Sharing Network Foundation Inc a good charity to donate to?
Sharing Network Foundation Inc has a Mission Score of 85/100. Revenue: $1.8M. Assets: $5.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sharing Network Foundation Inc?
The Employer Identification Number (EIN) for Sharing Network Foundation Inc is 202737719. 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 Network Foundation Inc spend its money?
Sharing Network Foundation Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sharing Network Foundation Inc's tax-exempt status?
You can verify Sharing Network Foundation Inc's tax-exempt status using EIN 202737719 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
Sharing Network Foundation Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade. In the latest filing (202312), the organization reported revenues of $1,686,098 against expenses of $1,469,842, indicating a surplus. The organization's assets have shown growth, reaching $1,679,869 in 2023, up from $453,677 in 2014, suggesting prudent financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial health appears sound. The organization consistently manages to keep expenses below or close to revenue, avoiding significant deficits in most years. The absence of reported officer compensation enhances its transparency profile, as it suggests that leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which warrants further investigation into full compensation details if available.
Overall, Sharing Network Foundation Inc appears to be a financially responsible organization based on the provided data. Its consistent revenue generation, asset growth, and lack of reported officer compensation contribute to a positive assessment of its financial health and transparency. To fully assess spending efficiency, a detailed breakdown of functional expenses would be beneficial.