Is Sonshine Ministries International Legit?

Quick charity verification for Sonshine Ministries International (EIN: 202792741)

Verdict: Sonshine Ministries International appears trustworthy

85/100Mission Score
$125KRevenue
$851KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Sonshine Ministries International demonstrates consistent financial stability with growing assets over the past decade, reaching $871,838 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $150,303 exceeded expenses of $132,805. This indicates sound financial management and an ability to build reserves. The organization's liabilities have remained relatively stable, at $79,700 in the last three reported periods, which is a manageable amount compared to its total assets. Regarding spending efficiency, the organization's program spending appears to be a significant portion of its total expenses, although specific breakdowns are not provided in the summary data. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which can contribute to higher program efficiency. However, without detailed expense categories, a precise assessment of administrative and fundraising efficiency is challenging. Transparency is generally good given the consistent filing of IRS Form 990s over 13 periods. The consistent reporting of zero officer compensation is a notable aspect of its financial transparency. To further enhance transparency, providing a more detailed breakdown of expenses beyond total expenses would be beneficial for donors and analysts.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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