Is Spanx By Sara Blakely Foundation Inc…

Quick charity verification for Spanx By Sara Blakely Foundation Inc (EIN: 205088833)

Strengths

Consistent 0% officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
Substantial and growing asset base ($26,537,096 in 2023), indicating strong financial health and capacity.
Extremely low liabilities (often $1), reflecting excellent financial management and minimal debt.
Expenses consistently well below revenue in most periods, allowing for asset accumulation.
Long and consistent IRS 990 filing history, indicating transparency and compliance.

Spending Breakdown

How Spanx By Sara Blakely Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Spanx By Sara Blakely Foundation Inc

Is Spanx By Sara Blakely Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Spanx By Sara Blakely Foundation Inc (EIN: 205088833) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Spanx By Sara Blakely Foundation Inc a good charity to donate to?

Spanx By Sara Blakely Foundation Inc has a Mission Score of 92/100. Revenue: $15.7M. Assets: $26.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Spanx By Sara Blakely Foundation Inc?

The Employer Identification Number (EIN) for Spanx By Sara Blakely Foundation Inc is 205088833. 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 Spanx By Sara Blakely Foundation Inc spend its money?

Spanx By Sara Blakely Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Spanx By Sara Blakely Foundation Inc's tax-exempt status?

You can verify Spanx By Sara Blakely Foundation Inc's tax-exempt status using EIN 205088833 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 Spanx By Sara Blakely Foundation Inc demonstrates strong financial health with substantial assets of $26,537,096 as of the latest filing (202312). The organization consistently maintains very low liabilities, often reported as $1, indicating excellent financial stability and minimal debt. Revenue streams have fluctuated significantly over the years, with a notable peak of $16,449,328 in 2021, followed by lower figures in subsequent years. This suggests a reliance on large, potentially infrequent, contributions rather than consistent operational income.

Spending efficiency appears to be robust, with expenses generally well below revenue in most periods, allowing for asset growth. For instance, in 2023, expenses were $797,321 against revenues of $871,338. The consistent reporting of 0% officer compensation across all filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice, combined with minimal liabilities, paints a picture of a well-managed and financially prudent organization.

The foundation's transparency is further bolstered by its consistent filing history and the clear financial data provided. The absence of officer compensation is a key factor in assessing its dedication to its charitable purpose. While the NTEE code T30 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, a detailed breakdown of program spending versus administrative and fundraising costs would provide even greater insight into its operational efficiency.

Is Spanx By Sara Blakely Foundation Inc Legit?

Verdict: Spanx By Sara Blakely Foundation Inc appears trustworthy

Red Flags