Quick charity verification for Sisung Foundation (EIN: 202075762)
Verdict: Sisung Foundation shows mixed signals
65/100Mission Score
$383Revenue
$779KAssets
3Red Flags
3Strengths
Red Flags
Negative revenue in two reporting periods (2022 and 2011) while still incurring expenses.
Significant year-over-year revenue volatility, making financial planning challenging.
Latest reported revenue of $383 is extremely low compared to its $779,342 in assets, indicating potential operational challenges or a specific financial event.
Strengths
Consistent growth in assets over the long term, from $364,814 in 2011 to $922,667 in 2022.
0% officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
Low liabilities across all reported periods, suggesting good financial management of debt.
Spending Breakdown
How Sisung Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Sisung Foundation
Is Sisung Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sisung Foundation (EIN: 202075762) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Sisung Foundation a good charity to donate to?
Sisung Foundation has a Mission Score of 65/100. Revenue: $383. Assets: $779K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sisung Foundation?
The Employer Identification Number (EIN) for Sisung Foundation is 202075762. 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 Sisung Foundation spend its money?
Sisung Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sisung Foundation's tax-exempt status?
You can verify Sisung Foundation's tax-exempt status using EIN 202075762 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 Sisung Foundation exhibits a fluctuating financial performance over the past decade, with significant swings in revenue, including negative revenue in 2022 and 2011. Despite these fluctuations, the organization has consistently maintained a strong asset base, growing from $364,814 in 2011 to $922,667 in 2022. The foundation's expenses have generally remained low relative to its assets, suggesting a conservative spending approach. However, the negative revenue in 2022 ($-60,627) while incurring $54,645 in expenses raises questions about the sustainability of its funding model or potential investment losses.
Spending efficiency appears to be a mixed bag. While the organization has kept officer compensation at 0% across all reported periods, indicating a volunteer-driven or minimally compensated leadership, the low and sometimes negative revenue figures make it difficult to assess program spending efficiency without more detailed expense breakdowns. The NTEE code T20 (Philanthropy, Voluntarism & Grantmaking Foundations) suggests its primary activity is grantmaking, which typically involves distributing funds to other nonprofits. The lack of detailed program expense information in the provided data limits a thorough assessment of how effectively its funds are being deployed towards its mission.
Transparency is generally good in terms of filing history, with 10 filings available. The consistent reporting of 0% officer compensation is a positive indicator. However, the absence of detailed program spending versus administrative or fundraising costs in the provided summary makes it challenging to fully understand where the organization's money is going beyond total expenses. Further investigation into the specific grants made and their impact would be necessary for a complete transparency assessment.