Is Sharon E Sigesmund Charitablefoundation Inc Legit?
Quick charity verification for Sharon E Sigesmund Charitablefoundation Inc (EIN: 205898859)
Verdict: Sharon E Sigesmund Charitablefoundation Inc appears trustworthy
95/100Mission Score
$394KRevenue
$1.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $1,182,404 in 2011 to $1,781,554 currently.
Zero officer compensation reported across all filings, indicating high dedication of funds to mission.
Minimal to zero liabilities consistently reported, suggesting strong financial management and low risk.
Strong revenue exceeding expenses in recent periods, such as 202312 where revenue was $241,030 and expenses were $43,784.
High spending efficiency, with expenses often being a small fraction of revenue in recent years.
Spending Breakdown
How Sharon E Sigesmund Charitablefoundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Sharon E Sigesmund Charitablefoundation Inc
Is Sharon E Sigesmund Charitablefoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharon E Sigesmund Charitablefoundation Inc (EIN: 205898859) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Sharon E Sigesmund Charitablefoundation Inc a good charity to donate to?
Sharon E Sigesmund Charitablefoundation Inc has a Mission Score of 95/100. Revenue: $394K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sharon E Sigesmund Charitablefoundation Inc?
The Employer Identification Number (EIN) for Sharon E Sigesmund Charitablefoundation Inc is 205898859. 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 Sharon E Sigesmund Charitablefoundation Inc spend its money?
Sharon E Sigesmund Charitablefoundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sharon E Sigesmund Charitablefoundation Inc's tax-exempt status?
You can verify Sharon E Sigesmund Charitablefoundation Inc's tax-exempt status using EIN 205898859 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 Sharon E Sigesmund Charitablefoundation Inc demonstrates a consistent pattern of financial stability, with assets growing from $1,182,404 in 2011 to $1,781,554 currently. The organization's latest filing (202312) shows strong financial health, with revenue of $241,030 significantly exceeding expenses of $43,784, indicating efficient management of resources. Over the past decade, the foundation has generally maintained a healthy balance sheet, with liabilities consistently reported as minimal or zero, suggesting a low-risk financial structure. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the overall low expense figures relative to revenue in recent years (e.g., 202312 expenses at 18.16% of revenue) suggest a high degree of spending efficiency. The absence of officer compensation further enhances its transparency and dedication to its charitable mission.