Is Simon Bolivar Foundation Inc Legit?

Quick charity verification for Simon Bolivar Foundation Inc (EIN: 205787382)

Verdict: Simon Bolivar Foundation Inc appears trustworthy

70/100Mission Score
$7.6MRevenue
$4.8MAssets
2Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Simon Bolivar Foundation Inc allocates its funds across programs, administration, and fundraising.

70%
Program Spending
Below average — room for improvement
20%
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 Simon Bolivar Foundation Inc

Is Simon Bolivar Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Simon Bolivar Foundation Inc (EIN: 205787382) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Simon Bolivar Foundation Inc a good charity to donate to?

Simon Bolivar Foundation Inc has a Mission Score of 70/100. Revenue: $7.6M. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Simon Bolivar Foundation Inc?

The Employer Identification Number (EIN) for Simon Bolivar Foundation Inc is 205787382. 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 Simon Bolivar Foundation Inc spend its money?

Simon Bolivar Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Simon Bolivar Foundation Inc's tax-exempt status?

You can verify Simon Bolivar Foundation Inc's tax-exempt status using EIN 205787382 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 Simon Bolivar Foundation Inc. exhibits fluctuating financial health over its filing history. In its latest period (202312), the organization reported revenue of $7,817,067 against expenses of $8,188,294, indicating a deficit for the year. This trend of expenses exceeding revenue is observed in several past periods, such as 202212 ($3,907,429 revenue vs. $4,063,935 expenses) and 202112 ($2,050,041 revenue vs. $3,401,238 expenses). While the organization has shown periods of significant revenue, such as $14,249,590 in 201512, its asset base has also seen considerable variation, from a high of $15,032,301 in 201512 to $3,591,933 in 202312. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator for spending efficiency. However, without a detailed functional expense breakdown (program, administrative, fundraising), a complete assessment of spending efficiency is challenging. The organization's consistent filing of IRS Form 990s demonstrates a basic level of transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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