Quick charity verification for Specialty Food Association Inc (EIN: 131934121)
Verdict: Specialty Food Association Inc appears trustworthy
85/100Mission Score
$67.1MRevenue
$90.6MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
NTEE Code is unknown, which limits understanding of its specific charitable sector and comparative analysis.
Strengths
Consistent financial surpluses, such as $2,294,499 in 2023, indicating sound financial management.
Significant and growing asset base, reaching $84,400,298 in 2023, demonstrating strong financial health.
Zero reported officer compensation across all filings, suggesting high efficiency in executive costs or a volunteer leadership model.
Healthy asset-to-liability ratio, with assets of $84,400,298 significantly exceeding liabilities of $16,964,516 in 2023.
Spending Breakdown
How Specialty Food Association Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Specialty Food Association Inc
Is Specialty Food Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Specialty Food Association Inc (EIN: 131934121) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Specialty Food Association Inc a good charity to donate to?
Specialty Food Association Inc has a Mission Score of 85/100. Revenue: $67.1M. Assets: $90.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Specialty Food Association Inc?
The Employer Identification Number (EIN) for Specialty Food Association Inc is 131934121. 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 Specialty Food Association Inc spend its money?
Specialty Food Association Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Specialty Food Association Inc's tax-exempt status?
You can verify Specialty Food Association Inc's tax-exempt status using EIN 131934121 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 Specialty Food Association Inc. demonstrates a generally stable financial position with consistent revenue streams and healthy asset growth over the past decade. In 2023, the organization reported revenues of $28,151,463 against expenses of $25,856,963, indicating a surplus that contributes to its growing asset base, which reached $84,400,298. This financial management suggests a capacity for sustained operations and investment in its mission. The organization's liabilities, at $16,964,516 in 2023, are well-covered by its substantial assets, indicating good solvency.
However, a key aspect of financial health for nonprofits is how efficiently they spend their funds. Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, it's challenging to fully assess spending efficiency. The consistent reporting of 0% officer compensation across all filings is a notable point regarding executive pay, suggesting that top leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which would be highly efficient.
Transparency regarding the allocation of expenses is crucial for a comprehensive financial assessment. While the overall financial health appears robust with consistent surpluses and asset growth, a more granular view of how expenses are categorized would enhance the understanding of its operational efficiency and commitment to its stated purpose. The absence of reported officer compensation is a positive indicator of cost control at the executive level.