Quick charity verification for Siloam (EIN: 205588217)
Verdict: Siloam appears trustworthy
85/100Mission Score
$1.1MRevenue
$6.7MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits in recent years (e.g., 2023 expenses exceeded revenue by $275,966), which are unsustainable long-term without asset erosion.
Significant fluctuations in annual revenue, indicating potential reliance on inconsistent funding sources.
Strengths
Substantial and growing asset base ($6,677,833 currently) providing significant financial stability.
Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.
Extremely low liabilities ($1 across all filings), indicating strong financial health and minimal debt.
Long and consistent history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
Spending Breakdown
How Siloam 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 Siloam
Is Siloam a legitimate charity?
Based on AI analysis of IRS 990 filings, Siloam (EIN: 205588217) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Siloam a good charity to donate to?
Siloam has a Mission Score of 85/100. Revenue: $1.1M. Assets: $6.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Siloam?
The Employer Identification Number (EIN) for Siloam is 205588217. 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 Siloam spend its money?
Siloam allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Siloam's tax-exempt status?
You can verify Siloam's tax-exempt status using EIN 205588217 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
Siloam demonstrates a consistent financial position with substantial assets relative to its annual revenue, indicating long-term stability. The organization's assets have grown from $4.48 million in 2011 to $6.68 million currently, despite fluctuations in annual revenue. However, recent years show a trend where expenses have exceeded revenue, such as in 2023 ($702,229 expenses vs. $426,263 revenue) and 2022 ($607,805 expenses vs. $391,417 revenue). This pattern of deficit spending, if continued, could eventually erode its asset base, although its current asset level provides a significant buffer.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s over a decade, indicating adherence to regulatory requirements. A notable positive is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a strong indicator of efficient resource allocation towards its mission. The lack of significant liabilities ($1 reported across all periods) further strengthens its financial health and reduces financial risk.
While the overall asset base is robust, the recent operational deficits warrant closer examination to understand if they are strategic investments or a sign of unsustainable spending. The absence of officer compensation is a significant strength, pointing to a potentially high proportion of funds directed towards programs. To fully assess spending efficiency, a detailed breakdown of program, administrative, and fundraising expenses would be necessary, which is not fully available in the provided summary data.