Is Silver Foundation Legit?

Strengths

Consistent asset growth, increasing from $1,109,371 in 2011 to $1,677,011 in 2023.
Zero reported officer compensation across all filings, indicating a highly efficient or volunteer-driven leadership.
Consistent financial surpluses, with expenses generally lower than revenue (e.g., 2023: Revenue $169,141, Expenses $134,038).
Very low and stable liabilities ($644 across all reported periods), indicating minimal debt.
Long history of IRS 990 filings (10 filings), demonstrating consistent transparency.

Spending Breakdown

How Silver Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Silver Foundation

Is Silver Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Silver Foundation (EIN: 200511961) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.

Is Silver Foundation a good charity to donate to?

Silver Foundation has a Mission Score of 85/100. Revenue: $442K. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Silver Foundation?

The Employer Identification Number (EIN) for Silver Foundation is 200511961. 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 Silver Foundation spend its money?

Silver Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Silver Foundation's tax-exempt status?

You can verify Silver Foundation's tax-exempt status using EIN 200511961 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 Silver Foundation demonstrates consistent financial stability with growing assets over the past decade, increasing from $1,109,371 in 2011 to $1,677,011 in 2023. The organization consistently spends less than its revenue, indicating sound financial management and the ability to build reserves. For instance, in 2023, revenue was $169,141 against expenses of $134,038, resulting in a surplus. This trend is visible across most years, contributing to its asset growth.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely assess efficiency. However, the consistent surplus suggests that the organization is not overspending. The absence of reported officer compensation across all filings indicates a lean operational structure, which can be a positive sign for donor confidence, as more funds are likely directed towards the mission rather than executive salaries. The organization's liabilities have remained consistently low at $644, further indicating strong financial health and minimal debt burden.

Transparency is generally good, with 10 years of publicly available 990 filings. The consistent reporting of zero officer compensation is a notable aspect of its financial transparency. While a more detailed functional expense breakdown would enhance the assessment of spending efficiency, the overall financial picture suggests a well-managed and fiscally prudent organization.

Verdict: Silver Foundation appears trustworthy

Red Flags