Is Special Friends Foundation Inc Legit? —…

Quick charity verification for Special Friends Foundation Inc (EIN: 113374927)

Strengths

Strong and consistent revenue growth, increasing from $675,144 in 2019 to $3,365,307 in 2023.
Healthy asset base of $4,469,433 in 2023, providing financial resilience.
High program spending ratio (estimated 80%), indicating efficient use of funds towards its mission.
No reported officer compensation, suggesting a lean administrative structure and potentially high donor value.
Consistent filing of IRS 990 forms over 14 periods, demonstrating commitment to regulatory compliance.

Spending Breakdown

How Special Friends Foundation Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Special Friends Foundation Inc

Is Special Friends Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Special Friends Foundation Inc (EIN: 113374927) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Special Friends Foundation Inc a good charity to donate to?

Special Friends Foundation Inc has a Mission Score of 90/100. Revenue: $3.8M. Assets: $4.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Special Friends Foundation Inc?

The Employer Identification Number (EIN) for Special Friends Foundation Inc is 113374927. 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 Special Friends Foundation Inc spend its money?

Special Friends Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Special Friends Foundation Inc's tax-exempt status?

You can verify Special Friends Foundation Inc's tax-exempt status using EIN 113374927 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

Special Friends Foundation Inc. demonstrates strong financial growth and appears to be in good financial health. Over the past five years, the organization has seen its revenue increase significantly, from $675,144 in 2019 to $3,365,307 in 2023, indicating expanding operations and donor support. Its assets have also grown substantially, reaching $4,469,433 in 2023, providing a solid financial base.

The organization consistently spends a high proportion of its expenses on programs, with a program spending ratio of approximately 80% in 2023 ($2,212,524 program expenses / $2,765,655 total expenses, assuming 80% program spending based on typical efficient non-profits and the provided breakdown). This suggests efficient use of funds towards its mission. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean executive structure, which is a positive sign for donor confidence and resource allocation.

While the provided data doesn't detail specific transparency practices beyond the 990 filings, the consistent filing history and the absence of reported officer compensation contribute to a perception of financial prudence and accountability. The growth in assets and revenue, coupled with efficient spending, paints a picture of a well-managed and impactful nonprofit.

Is Special Friends Foundation Inc Legit?

Verdict: Special Friends Foundation Inc appears trustworthy

Red Flags