Is Srcs Building Company Legit?

Spending Breakdown

How Srcs Building Company allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

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 Srcs Building Company

Is Srcs Building Company a legitimate charity?

Based on AI analysis of IRS 990 filings, Srcs Building Company (EIN: 201465061) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 1 strength noted.

Is Srcs Building Company a good charity to donate to?

Srcs Building Company has a Mission Score of 45/100. Revenue: $200K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Srcs Building Company?

The Employer Identification Number (EIN) for Srcs Building Company is 201465061. 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 Srcs Building Company spend its money?

Srcs Building Company allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Srcs Building Company's tax-exempt status?

You can verify Srcs Building Company's tax-exempt status using EIN 201465061 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

Srcs Building Company consistently reports revenues around $200,000 annually, but has shown a pattern of expenses exceeding revenue in most recent periods, leading to a decline in assets and an increase in liabilities. For instance, in 202306, expenses were $336,273 against revenues of $198,837, resulting in a significant deficit. This trend suggests potential long-term financial instability if not addressed. The organization's assets have decreased from $2,106,027 in 201506 to $1,092,831 in 202306, while liabilities have risen from $1,475,330 in 201406 to $1,744,470 in 202306. This indicates a deteriorating financial position over the past decade.

The consistent reporting of 0% officer compensation across all filings is a positive indicator of executive compensation control and transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency. The NTEE code B19 (Housing Development, Construction & Management) suggests a focus on tangible projects, but the financial data points to an operational model that is not self-sustaining based on current revenue streams.

Overall, while the organization demonstrates transparency in executive compensation, its financial health is concerning due to persistent operating deficits and a declining asset base coupled with increasing liabilities. A deeper understanding of the expense structure is needed to fully evaluate spending efficiency, but the current financial trajectory raises questions about long-term viability and impact.

Verdict: Srcs Building Company shows mixed signals

Red Flags

Strengths