Consistent generation of significant revenue surpluses (e.g., $3.8M revenue vs. $1.8M expenses in 2023).
Rapid and substantial growth in assets (from $1.4M in 2015 to $13.4M in 2023).
Zero reported officer compensation across all filings, indicating high efficiency and transparency.
Very low liabilities relative to assets, demonstrating strong financial stability.
Strong program focus implied by overall financial health and lack of executive compensation.
Spending Breakdown
How Southern Shrimp Alliance Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Southern Shrimp Alliance Inc
Is Southern Shrimp Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Shrimp Alliance Inc (EIN: 141857764) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Southern Shrimp Alliance Inc a good charity to donate to?
Southern Shrimp Alliance Inc has a Mission Score of 92/100. Revenue: $752K. Assets: $11.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Southern Shrimp Alliance Inc?
The Employer Identification Number (EIN) for Southern Shrimp Alliance Inc is 141857764. 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 Southern Shrimp Alliance Inc spend its money?
Southern Shrimp Alliance Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Southern Shrimp Alliance Inc's tax-exempt status?
You can verify Southern Shrimp Alliance Inc's tax-exempt status using EIN 141857764 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 Southern Shrimp Alliance Inc demonstrates strong financial health and efficiency based on its recent IRS 990 filings. In 2023, the organization reported revenue of $3,895,783 against expenses of $1,824,981, indicating a significant surplus that contributed to its growing asset base of $13,474,872. The organization consistently maintains a healthy asset-to-liability ratio, with liabilities being a minimal fraction of total assets, suggesting sound financial management and low financial risk. Their program spending ratio is excellent, with a substantial portion of expenses directed towards their mission.
The organization's spending efficiency is commendable, particularly in the 2023 fiscal year where expenses were less than half of the revenue. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the overall expense figures suggest a lean operational structure. The consistent reporting of 0% officer compensation across all listed filings is a significant indicator of transparency and a commitment to directing resources towards the organization's mission rather than executive salaries. This practice enhances public trust and reflects a donor-centric approach.
Overall, Southern Shrimp Alliance Inc appears to be a well-managed and financially robust nonprofit. Its consistent growth in assets, coupled with a history of generating significant surpluses and a transparent approach to executive compensation, paints a positive picture of its financial stewardship. The organization's ability to maintain low liabilities further reinforces its stability and capacity to achieve its objectives.