Quick charity verification for Silverwing Foundation (EIN: 202110480)
Verdict: Silverwing Foundation appears trustworthy
70/100Mission Score
$6.6MRevenue
$24.2MAssets
4Red Flags
3Strengths
Red Flags
Significant and consistent decline in assets over the past decade (from $53.8M in 2012 to $23.3M in 2023).
Highly volatile revenue streams, making financial planning and consistent program delivery challenging.
Expenses frequently exceed revenue, indicating reliance on asset drawdowns or prior year surpluses.
Lack of NTEE code or detailed program information makes it difficult to assess mission alignment and impact.
Strengths
Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds away from executive salaries.
Maintains a substantial asset base ($23.3M in 2023) despite declines, providing a buffer for operations.
Demonstrates financial transparency by consistently filing IRS Form 990s.
Spending Breakdown
How Silverwing 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
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 Silverwing Foundation
Is Silverwing Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Silverwing Foundation (EIN: 202110480) appears trustworthy. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
Is Silverwing Foundation a good charity to donate to?
Silverwing Foundation has a Mission Score of 70/100. Revenue: $6.6M. Assets: $24.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Silverwing Foundation?
The Employer Identification Number (EIN) for Silverwing Foundation is 202110480. 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 Silverwing Foundation spend its money?
Silverwing Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Silverwing Foundation's tax-exempt status?
You can verify Silverwing Foundation's tax-exempt status using EIN 202110480 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 Silverwing Foundation exhibits a highly variable financial history, with revenue fluctuating significantly over the past decade, from a high of $36,047,660 in 2012 to a low of $157,080 in 2020. Despite these fluctuations, the organization consistently reports zero officer compensation across all available filings, which is a positive indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the consistent decline in assets from a peak of $53,835,611 in 2012 to $23,361,902 in 2023, alongside periods where expenses significantly outstripped revenue (e.g., 2022 with $559,558 revenue vs. $2,959,616 expenses), raises questions about long-term financial sustainability and the strategic management of its endowment.
The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of zero officer compensation suggests a lean operational structure at the top. The substantial asset base, even after its decline, indicates a significant capacity for grantmaking or program support, but the trend of declining assets warrants closer examination. The lack of specific NTEE code also makes it challenging to benchmark its financial performance against similar organizations.
Overall, while the Silverwing Foundation demonstrates strong transparency regarding executive compensation, its volatile revenue streams and declining asset base suggest potential challenges in maintaining consistent operational funding and long-term financial health. A deeper dive into the allocation of its expenses would be necessary to fully evaluate its spending efficiency and program impact.