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).
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.