Is Solid Foundation Broadcasting Corporation Legit?
Quick charity verification for Solid Foundation Broadcasting Corporation (EIN: 113816920)
Verdict: Solid Foundation Broadcasting Corporation appears trustworthy
85/100Mission Score
$96KRevenue
$110KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, especially in recent years (e.g., $46,017 in 202112 to $131,207 in 202312).
Strong asset accumulation, increasing from $51,973 in 201412 to $128,121 in 202312.
Zero reported officer compensation across all filings, indicating high efficiency and dedication to mission.
Low liabilities, demonstrating strong financial stability (e.g., $97 in 202312).
Consistent operational surpluses in most recent years (e.g., $131,207 revenue vs. $89,084 expenses in 202312).
Spending Breakdown
How Solid Foundation Broadcasting Corporation 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 Solid Foundation Broadcasting Corporation
Is Solid Foundation Broadcasting Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Solid Foundation Broadcasting Corporation (EIN: 113816920) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Solid Foundation Broadcasting Corporation a good charity to donate to?
Solid Foundation Broadcasting Corporation has a Mission Score of 85/100. Revenue: $96K. Assets: $110K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Solid Foundation Broadcasting Corporation?
The Employer Identification Number (EIN) for Solid Foundation Broadcasting Corporation is 113816920. 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 Solid Foundation Broadcasting Corporation spend its money?
Solid Foundation Broadcasting Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Solid Foundation Broadcasting Corporation's tax-exempt status?
You can verify Solid Foundation Broadcasting Corporation's tax-exempt status using EIN 113816920 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
Solid Foundation Broadcasting Corporation demonstrates a generally stable financial trajectory, with recent growth in revenue and assets. In the latest filing (202312), the organization reported revenue of $131,207 against expenses of $89,084, resulting in a surplus that contributed to an increase in assets to $128,121. This indicates sound financial management and an ability to operate within its means, often generating a surplus. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. The organization's liabilities have remained very low, further reinforcing its financial stability. While specific program spending details are not provided in the summary data, the overall financial health appears robust for an organization of its size, with a clear pattern of growth in recent years.