Is Southern Education Foundation Inc Legit?

Quick charity verification for Southern Education Foundation Inc (EIN: 135562388)

Verdict: Southern Education Foundation Inc appears trustworthy

85/100Mission Score
$28.6MRevenue
$36.4MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The Southern Education Foundation Inc. demonstrates generally sound financial health, with assets consistently exceeding liabilities across its filing history, indicating a stable balance sheet. While revenue has fluctuated significantly year-to-year, ranging from a low of $1,354,220 in 2019 to a high of $8,861,264 in 2022, the organization has managed its expenses, often operating with a surplus, such as in 2022 where revenue was $8,861,264 against expenses of $4,267,510. However, there have been periods of deficit spending, notably in 2023 where expenses of $6,534,265 slightly exceeded revenue of $6,457,126, and more significantly in 2019 where expenses were $4,393,255 against revenue of $1,354,220. The consistent reporting of 0% for officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this specific field, which warrants further investigation into their full 990 forms for detailed compensation schedules. The organization's asset base has shown growth over the decade, from $23,120,169 in 2014 to $34,001,067 in 2023, reflecting prudent financial management and accumulation of resources.

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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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