Quick charity verification for Side By Side Inc (EIN: 205405562)
Verdict: Side By Side Inc appears trustworthy
88/100Mission Score
$106KRevenue
$113KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent 2023 filing ($75,500 expenses vs. $57,400 revenue).
Strengths
Consistent asset growth from $25,701 in 2014 to $82,216 in 2023.
Zero officer compensation reported across all filings, indicating high efficiency and volunteer reliance.
Minimal liabilities reported in most years, suggesting sound financial management.
Consistent IRS 990 filing history (13 filings), demonstrating transparency.
Spending Breakdown
How Side By Side 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 Side By Side Inc
Is Side By Side Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Side By Side Inc (EIN: 205405562) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Side By Side Inc a good charity to donate to?
Side By Side Inc has a Mission Score of 88/100. Revenue: $106K. Assets: $113K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Side By Side Inc?
The Employer Identification Number (EIN) for Side By Side Inc is 205405562. 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 Side By Side Inc spend its money?
Side By Side Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Side By Side Inc's tax-exempt status?
You can verify Side By Side Inc's tax-exempt status using EIN 205405562 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
Side By Side Inc demonstrates consistent, albeit modest, financial activity over the past decade, with annual revenues generally fluctuating between $50,000 and $80,000. The organization's assets have shown a steady growth trend, increasing from $25,701 in 2014 to $82,216 in 2023, indicating responsible asset management. However, the most recent filing for 2023 shows expenses ($75,500) exceeding revenue ($57,400), resulting in a deficit for that period, which warrants monitoring.
The organization appears to maintain a lean operational structure, as evidenced by zero officer compensation reported across all available filings. This suggests a strong volunteer-driven model or very low administrative overhead, which is generally positive for spending efficiency. The absence of significant liabilities in most years also points to sound financial practices, though the $225 liability in 2023 is a minor increase.
Given the available data, Side By Side Inc exhibits a good level of transparency by consistently filing its IRS 990s. The consistent reporting of zero officer compensation is a clear indicator of its compensation practices. While the recent deficit is a point to watch, the overall trend of asset growth and minimal liabilities suggests a financially stable, albeit small, operation.