Quick charity verification for Singomaha Inc (EIN: 208776656)
Verdict: Singomaha Inc appears trustworthy
90/100Mission Score
$318KRevenue
$83KAssets
1Red Flags
5Strengths
Red Flags
Occasional deficit spending, such as in 2022 where expenses ($312,775) exceeded revenue ($259,957) by $52,818.
Strengths
Consistent 0% officer compensation across all filings, indicating strong commitment to mission spending.
Significant revenue growth from $96,152 in 2015 to $379,388 in 2023.
Healthy asset growth, reaching $140,657 in 2023 from $24,903 in 2015.
Maintained zero liabilities in most recent years, indicating strong financial management.
Consistent filing of IRS 990 forms over nine periods, demonstrating transparency.
Spending Breakdown
How Singomaha Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Singomaha Inc
Is Singomaha Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Singomaha Inc (EIN: 208776656) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Singomaha Inc a good charity to donate to?
Singomaha Inc has a Mission Score of 90/100. Revenue: $318K. Assets: $83K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Singomaha Inc?
The Employer Identification Number (EIN) for Singomaha Inc is 208776656. 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 Singomaha Inc spend its money?
Singomaha Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Singomaha Inc's tax-exempt status?
You can verify Singomaha Inc's tax-exempt status using EIN 208776656 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
Singomaha Inc demonstrates generally sound financial health, with recent filings showing positive net income in 2023 ($13,373) and 2021 ($132,764), contributing to growing assets. While there have been periods of deficit spending, such as in 2022 where expenses exceeded revenue by $52,818, the organization has consistently maintained a strong asset base relative to its liabilities, which have been zero in most recent years. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards its mission rather than executive salaries, enhancing its spending efficiency and transparency.
The organization's spending efficiency appears robust, particularly given the absence of officer compensation. This suggests that a significant portion of its operational budget is likely allocated directly to program services. The growth in revenue from $96,152 in 2015 to $379,388 in 2023, alongside an increase in assets from $24,903 to $140,657 over the same period, indicates effective financial management and fundraising capabilities. The consistent filing of IRS 990 forms over nine periods also points to a good level of transparency and adherence to regulatory requirements.
Overall, Singomaha Inc appears to be a well-managed nonprofit with a strong focus on its mission, supported by efficient spending practices and a transparent financial reporting history. The organization's ability to grow its revenue and assets while maintaining low liabilities and no executive compensation are key indicators of its financial health and commitment to its charitable purpose.