Quick charity verification for Social Venture Partners Charlotte Inc (EIN: 202745238)
Verdict: Social Venture Partners Charlotte Inc appears trustworthy
85/100Mission Score
$476KRevenue
$440KAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in summary data
Significant liabilities in 2017-2018 ($234,957) without immediate explanation in summary
Strengths
Consistent positive net income in recent years (e.g., $92,689 in 2023)
Growing net assets from $59,298 in 2019 to $384,148 in 2023
Extremely low liabilities in recent years ($405 in 2023)
0% reported officer compensation across all filings, indicating efficient use of funds for leadership
Consistent IRS 990 filing history (11 filings) demonstrating transparency
Spending Breakdown
How Social Venture Partners Charlotte Inc 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 Social Venture Partners Charlotte Inc
Is Social Venture Partners Charlotte Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Social Venture Partners Charlotte Inc (EIN: 202745238) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Social Venture Partners Charlotte Inc a good charity to donate to?
Social Venture Partners Charlotte Inc has a Mission Score of 85/100. Revenue: $476K. Assets: $440K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Social Venture Partners Charlotte Inc?
The Employer Identification Number (EIN) for Social Venture Partners Charlotte Inc is 202745238. 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 Venture Partners Charlotte Inc spend its money?
Social Venture Partners Charlotte Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Social Venture Partners Charlotte Inc's tax-exempt status?
You can verify Social Venture Partners Charlotte Inc's tax-exempt status using EIN 202745238 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 Venture Partners Charlotte Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $400k-$500k annually. The organization has shown a positive trend in net assets, growing from $59,298 in 2019 to $384,148 in 2023, indicating effective financial management and accumulation of resources. Their liabilities have also been well-managed, significantly decreasing from a high of $234,957 in 2018 to $405 in 2023, which is a strong indicator of financial health and low debt burden.
The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests a volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation, which can contribute to lower administrative overhead. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the consistent positive net income in recent years (e.g., $92,689 in 2023 and $49,370 in 2022) suggests that expenses are well-controlled relative to revenue.
In terms of transparency, the consistent filing of IRS Form 990 over 11 periods is a positive sign. The absence of officer compensation reported on these forms, while potentially indicating volunteer leadership, could also warrant further inquiry to understand the full compensation structure if any key personnel are compensated through other mechanisms. Overall, the organization appears to be financially sound and responsibly managed based on the provided data.