Quick charity verification for Souly Business Inc (EIN: 201438541)
Verdict: Souly Business Inc appears trustworthy
85/100Mission Score
$236KRevenue
$195KAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full efficiency analysis.
Strengths
Consistent reporting of $0 liabilities across all filings, indicating strong financial health.
No officer compensation reported, suggesting efficient use of funds or volunteer leadership.
Stable asset growth, reaching $181,949 in the latest period.
Consistent revenue generation over a decade, demonstrating organizational stability.
Spending Breakdown
How Souly Business Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Souly Business Inc
Is Souly Business Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Souly Business Inc (EIN: 201438541) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Souly Business Inc a good charity to donate to?
Souly Business Inc has a Mission Score of 85/100. Revenue: $236K. Assets: $195K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Souly Business Inc?
The Employer Identification Number (EIN) for Souly Business Inc is 201438541. 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 Souly Business Inc spend its money?
Souly Business Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Souly Business Inc's tax-exempt status?
You can verify Souly Business Inc's tax-exempt status using EIN 201438541 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
Souly Business Inc demonstrates consistent financial activity over the past decade, with revenues generally fluctuating between $144,947 and $244,862. The organization appears to maintain a healthy financial position, consistently reporting zero liabilities across all available filings, indicating strong fiscal management and no reliance on debt. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests a volunteer-driven or highly efficient operational model, which can be a positive indicator for donor confidence. However, without a breakdown of expenses into program, administrative, and fundraising categories, a comprehensive assessment of spending efficiency is challenging. The organization's assets have shown steady growth, reaching $181,949 in the latest period, further solidifying its financial stability. To fully assess transparency, more detailed expense breakdowns would be beneficial.