Quick charity verification for Sharsheret Inc (EIN: 134198529)
Verdict: Sharsheret Inc appears trustworthy
95/100Mission Score
$13.9MRevenue
$21.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and strong revenue growth, from $2.2M in 2014 to $9.2M in 2023.
Healthy asset accumulation, with assets growing from $4.1M in 2014 to $17.8M in 2023.
Remarkable 0% reported officer compensation across all filings, indicating high efficiency and transparency.
Low liabilities relative to assets, demonstrating strong financial stability (e.g., $486,471 liabilities vs $17,891,640 assets in 2023).
Consistent surplus of revenue over expenses, allowing for reinvestment and growth (e.g., $9.2M revenue vs $7.0M expenses in 2023).
Spending Breakdown
How Sharsheret 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 Sharsheret Inc
Is Sharsheret Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sharsheret Inc (EIN: 134198529) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Sharsheret Inc a good charity to donate to?
Sharsheret Inc has a Mission Score of 95/100. Revenue: $13.9M. Assets: $21.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sharsheret Inc?
The Employer Identification Number (EIN) for Sharsheret Inc is 134198529. 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 Sharsheret Inc spend its money?
Sharsheret Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sharsheret Inc's tax-exempt status?
You can verify Sharsheret Inc's tax-exempt status using EIN 134198529 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
Sharsheret Inc. demonstrates strong financial health and consistent growth, as evidenced by its latest revenue of $13,854,747 and assets of $21,702,142. The organization has shown a remarkable upward trend in both revenue and assets over the past decade, with revenue increasing from $2,211,221 in 2014 to $9,291,335 in 2023 (based on the latest available period data). This sustained growth suggests effective fundraising and donor support. The organization consistently maintains a healthy asset-to-liability ratio, indicating good financial management and stability. For instance, in 2023, assets were $17,891,640 against liabilities of $486,471.
Spending efficiency appears robust, with expenses consistently lower than revenue, allowing for asset accumulation. For the 2023 period, expenses were $7,068,799 against revenue of $9,291,335, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice is highly commendable and suggests a volunteer-led or very low-cost leadership structure.
Overall, Sharsheret Inc. presents as a financially sound and efficiently managed nonprofit. Its consistent growth, healthy financial ratios, and transparent compensation practices contribute to a positive assessment of its financial health and operational integrity. The organization's ability to grow its asset base while keeping liabilities low further reinforces its long-term sustainability.