Quick charity verification for Simple Living Inc (EIN: 141900290)
Verdict: Simple Living Inc shows mixed signals
65/100Mission Score
$266KRevenue
$616KAssets
4Red Flags
2Strengths
Red Flags
Recurring deficits where expenses exceed revenue (e.g., 2023, 2021, 2018).
Significant decline in total assets over time (from $1,515,952 in 2015 to $550,846 in 2023).
High liabilities relative to assets in recent years (e.g., $382,657 liabilities vs. $550,846 assets in 2023).
Highly volatile revenue stream, including a negative revenue year in 2018.
Strengths
Consistent reporting of 0% officer compensation, indicating strong transparency in executive pay.
Long filing history (13 filings), suggesting consistent compliance with IRS reporting requirements.
Spending Breakdown
How Simple Living Inc 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 Simple Living Inc
Is Simple Living Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Simple Living Inc (EIN: 141900290) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
Is Simple Living Inc a good charity to donate to?
Simple Living Inc has a Mission Score of 65/100. Revenue: $266K. Assets: $616K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Simple Living Inc?
The Employer Identification Number (EIN) for Simple Living Inc is 141900290. 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 Simple Living Inc spend its money?
Simple Living Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Simple Living Inc's tax-exempt status?
You can verify Simple Living Inc's tax-exempt status using EIN 141900290 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
Simple Living Inc. demonstrates a mixed financial picture. While the organization consistently reports 0% officer compensation, indicating good transparency regarding executive pay, its financial stability has fluctuated significantly. In fiscal year 2023, expenses ($299,995) exceeded revenue ($280,312), leading to a deficit. This trend of expenses often outpacing revenue is visible in multiple years, such as 2021 ($262,537 expenses vs. $223,395 revenue) and 2018 (a significant -$125,554 revenue against $302,546 expenses).
The organization's assets have also seen a substantial decline over time, from a high of $1,515,952 in 2015 to $550,846 in 2023, while liabilities have generally remained high relative to assets in recent years, such as $382,657 in liabilities against $550,846 in assets in 2023. This suggests potential long-term financial challenges and a reliance on existing assets or future funding to cover operational costs. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging beyond the general revenue-expense relationship.