Expenses frequently exceed revenue (e.g., $127,487 expenses vs. $93,260 revenue in 202312), indicating potential operational deficits.
Significant fluctuation in annual revenue, making financial planning and stability challenging.
Strengths
Consistent 0% officer compensation, demonstrating a highly efficient use of funds for leadership.
Maintained a positive net asset position ($141,958 assets vs. $34,744 liabilities in 202312) despite revenue fluctuations.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Spending Breakdown
How Sharing Resources Worldwide 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 Sharing Resources Worldwide Inc
Is Sharing Resources Worldwide Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharing Resources Worldwide Inc (EIN: 202702372) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Sharing Resources Worldwide Inc a good charity to donate to?
Sharing Resources Worldwide Inc has a Mission Score of 75/100. Revenue: $185K. Assets: $116K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sharing Resources Worldwide Inc?
The Employer Identification Number (EIN) for Sharing Resources Worldwide Inc is 202702372. 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 Resources Worldwide Inc spend its money?
Sharing Resources Worldwide Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sharing Resources Worldwide Inc's tax-exempt status?
You can verify Sharing Resources Worldwide Inc's tax-exempt status using EIN 202702372 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 Resources Worldwide Inc has demonstrated consistent financial activity over the past decade, with revenues fluctuating but generally staying within the $30,000 to $140,000 range. The organization's latest filing (202312) shows expenses exceeding revenue ($127,487 vs. $93,260), resulting in a net deficit for the period. This trend of expenses occasionally surpassing revenue is observed in several past years (e.g., 202212, 201712, 201612, 201412), indicating a need for careful financial management to ensure long-term sustainability. Despite these fluctuations, the organization has maintained a healthy asset base, with assets of $141,958 in the latest period, significantly exceeding liabilities of $34,744.
The organization's spending efficiency appears to be strong in terms of executive compensation, as officer compensation has consistently been reported as 0% across all available filings. This suggests that resources are not being diverted to high executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is limited. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and basic financial transparency.
Overall, Sharing Resources Worldwide Inc appears to be a lean operation, focused on its mission without significant overhead in executive pay. While revenue generation can be inconsistent, the organization has managed to maintain a positive net asset position. Further detail on program spending versus administrative and fundraising costs would provide a more complete picture of its operational efficiency and impact.