Is Sorrento Village Improvement Association Legit?
Quick charity verification for Sorrento Village Improvement Association (EIN: 10162690)
Verdict: Sorrento Village Improvement Association appears trustworthy
85/100Mission Score
$285KRevenue
$788KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 by approximately $90,000, indicating an operating deficit for that period.
Strengths
Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
No reported liabilities across all 13 filings, demonstrating strong financial health and no reliance on debt.
Consistent growth in assets over the past decade, from $541,245 in 2014 to $773,537 in 2023.
Regular and extensive IRS 990 filing history (13 filings), indicating strong transparency.
Spending Breakdown
How Sorrento Village Improvement Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Sorrento Village Improvement Association
Is Sorrento Village Improvement Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Sorrento Village Improvement Association (EIN: 10162690) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Sorrento Village Improvement Association a good charity to donate to?
Sorrento Village Improvement Association has a Mission Score of 85/100. Revenue: $285K. Assets: $788K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sorrento Village Improvement Association?
The Employer Identification Number (EIN) for Sorrento Village Improvement Association is 10162690. 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 Sorrento Village Improvement Association spend its money?
Sorrento Village Improvement Association allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sorrento Village Improvement Association's tax-exempt status?
You can verify Sorrento Village Improvement Association's tax-exempt status using EIN 10162690 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
The Sorrento Village Improvement Association demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $773,537 in 2023. The organization's revenue has fluctuated, with a notable increase to $340,072 in 2023, but expenses exceeded revenue in the same year by approximately $90,000, indicating a deficit for that period. However, prior years, such as 2022, showed a surplus of nearly $94,000. The absence of liabilities across all reported periods is a significant strength, suggesting sound financial management and no reliance on debt.
Spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation, which indicates that leadership is likely volunteer-based, minimizing administrative overhead. While a detailed breakdown of program vs. administrative spending isn't explicitly provided in the summary data, the lack of paid executive compensation suggests a high proportion of funds are directed towards the organization's mission. The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency.
Overall, the Sorrento Village Improvement Association appears to be a well-managed organization with a strong financial foundation, characterized by healthy assets and no debt. The recent deficit in 2023 warrants monitoring but does not overshadow a history of prudent financial operations and a clear commitment to its mission, likely supported by a volunteer leadership structure.