Quick charity verification for Sioda Family Foundation Inc (EIN: 204004369)
Verdict: Sioda Family Foundation Inc appears trustworthy
85/100Mission Score
$247KRevenue
$599KAssets
1Red Flags
4Strengths
Red Flags
Fluctuating revenue and expense patterns in earlier years, indicating potential instability before recent growth.
Strengths
Consistent 0% officer compensation across all reported periods.
Significant revenue growth and positive net income in the latest filing period (202312: Revenue=$342,000, Expenses=$97,368).
Low liabilities reported across most filing periods, indicating sound financial management.
Substantial increase in assets from $145,917 in 202212 to $390,549 in 202312.
Spending Breakdown
How Sioda Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Sioda Family Foundation Inc
Is Sioda Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sioda Family Foundation Inc (EIN: 204004369) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Sioda Family Foundation Inc a good charity to donate to?
Sioda Family Foundation Inc has a Mission Score of 85/100. Revenue: $247K. Assets: $599K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sioda Family Foundation Inc?
The Employer Identification Number (EIN) for Sioda Family Foundation Inc is 204004369. 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 Sioda Family Foundation Inc spend its money?
Sioda Family Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sioda Family Foundation Inc's tax-exempt status?
You can verify Sioda Family Foundation Inc's tax-exempt status using EIN 204004369 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 Sioda Family Foundation Inc. demonstrates a generally healthy financial position, particularly in its most recent filing period (202312) where it reported revenue of $342,000 against expenses of $97,368, leading to a significant surplus. This trend of revenue exceeding expenses is positive, contributing to a substantial increase in assets from $145,917 in 202212 to $390,549 in 202312. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of funds, enhancing its transparency and public trust. While specific program spending details are not provided in the summary data, the low overall expenses relative to revenue suggest a focus on mission-related activities or accumulation of assets for future programs.
The foundation's financial health has shown considerable fluctuation over its history, with periods of lower revenue and higher expenses, such as in 201112 where expenses ($192,268) significantly outstripped revenue ($103,750), resulting in a liability of $100,000. However, the recent trend indicates a more stable and growing financial base. The consistent reporting of minimal liabilities across most periods further underscores a prudent financial management approach. The absence of officer compensation across all reported periods is a significant strength, indicating that donor funds are not being used for executive salaries, which is a key aspect of spending efficiency and transparency for a family foundation.