Quick charity verification for Social Enterprises Trust Inc (EIN: 201452405)
Verdict: Social Enterprises Trust Inc appears trustworthy
92/100Mission Score
$885KRevenue
$634KAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets in some periods, which could indicate specific funding structures or rapid asset acquisition.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary data, making precise efficiency calculations difficult without full 990 review.
Strengths
Consistent 0% officer compensation across all filings, indicating high dedication of resources to mission.
Significant revenue growth, nearly doubling from $620,393 in 2022 to $1,215,937 in 2023.
Strong asset growth, increasing from $415,279 in 2022 to $685,630 in 2023, enhancing financial stability.
Positive net income in most recent periods (e.g., $1,215,937 revenue vs. $927,703 expenses in 2023), demonstrating effective financial management.
Healthy net asset position, with net assets growing to $441,992 in 2023.
Spending Breakdown
How Social Enterprises Trust Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Social Enterprises Trust Inc
Is Social Enterprises Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Social Enterprises Trust Inc (EIN: 201452405) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Social Enterprises Trust Inc a good charity to donate to?
Social Enterprises Trust Inc has a Mission Score of 92/100. Revenue: $885K. Assets: $634K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Social Enterprises Trust Inc?
The Employer Identification Number (EIN) for Social Enterprises Trust Inc is 201452405. 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 Social Enterprises Trust Inc spend its money?
Social Enterprises Trust Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Social Enterprises Trust Inc's tax-exempt status?
You can verify Social Enterprises Trust Inc's tax-exempt status using EIN 201452405 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
Social Enterprises Trust Inc demonstrates a generally healthy financial trajectory, with significant revenue growth in recent years, particularly from $620,393 in 2022 to $1,215,937 in 2023. This growth is accompanied by a positive net income in most periods, indicating effective financial management. The organization's assets have also shown substantial growth, increasing from $415,279 in 2022 to $685,630 in 2023, which strengthens its financial stability.
Spending efficiency appears strong, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This suggests that resources are being directed towards the organization's mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation.
Transparency is high regarding executive compensation, as the organization consistently reports no compensation for officers, directors, trustees, or key employees. This level of transparency is commendable and builds trust with donors and the public. Further transparency could be enhanced by providing a more granular breakdown of functional expenses in publicly available summaries, though the current data points to a well-managed and accountable organization.