Quick charity verification for Simadon Corporation (EIN: 208473080)
Verdict: Simadon Corporation shows mixed signals
65/100Mission Score
$130KRevenue
$914KAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in all reported periods)
Declining asset base over the past decade (from $1,160,304 in 2014 to $944,369 in 2023)
Strengths
No officer compensation reported (0% in all filings), indicating efficient use of funds for leadership
Maintains a substantial asset base ($944,369 in 2023) relative to annual revenue
Consistent filing of IRS 990 forms, indicating good transparency
Spending Breakdown
How Simadon Corporation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Simadon Corporation
Is Simadon Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Simadon Corporation (EIN: 208473080) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Simadon Corporation a good charity to donate to?
Simadon Corporation has a Mission Score of 65/100. Revenue: $130K. Assets: $914K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Simadon Corporation?
The Employer Identification Number (EIN) for Simadon Corporation is 208473080. 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 Simadon Corporation spend its money?
Simadon Corporation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Simadon Corporation's tax-exempt status?
You can verify Simadon Corporation's tax-exempt status using EIN 208473080 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
Simadon Corporation consistently operates at a deficit, with expenses exceeding revenue in all reported periods. For example, in 2023, expenses were $140,537 against revenues of $118,151, indicating a reliance on existing assets or other funding sources to cover operational costs. This trend has led to a gradual decline in assets over the past decade, from $1,160,304 in 2014 to $944,369 in 2023. While the organization maintains a healthy asset base relative to its annual revenue, the sustained deficit spending is a concern for long-term financial sustainability.
The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational deficit suggests that current revenue streams are insufficient to cover its activities. Transparency is generally good given the availability of 990 filings, and the reported 0% officer compensation indicates that executive pay is not a drain on resources, which is a positive sign for donor confidence.
Overall, Simadon Corporation appears to be a stable organization in terms of assets, but its consistent operational losses warrant closer examination of its financial model and spending priorities to ensure future viability. The lack of officer compensation is a strong point for transparency and efficient use of funds.