Is Street Sense Inc Legit?

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating low administrative overhead.
Significant growth in assets from $126,898 in 2014 to $291,573 in 2023, demonstrating financial stability.
Generally stable and growing revenue streams, with 2023 revenue at $829,442.
Consistent filing of IRS 990s over 14 periods, indicating strong transparency.
NTEE code P85 (Homeless, Housing & Shelter) aligns well with a direct service mission.

Spending Breakdown

How Street Sense 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 Street Sense Inc

Is Street Sense Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Street Sense Inc (EIN: 201297050) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Street Sense Inc a good charity to donate to?

Street Sense Inc has a Mission Score of 90/100. Revenue: $660K. Assets: $329K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Street Sense Inc?

The Employer Identification Number (EIN) for Street Sense Inc is 201297050. 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 Street Sense Inc spend its money?

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

How can I verify Street Sense Inc's tax-exempt status?

You can verify Street Sense Inc's tax-exempt status using EIN 201297050 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

Street Sense Inc demonstrates a generally stable financial position with consistent revenue streams over the past several years. In 2023, the organization reported revenues of $829,442 against expenses of $825,920, indicating a near break-even operation. While there have been fluctuations, such as a deficit in 2022 where expenses ($882,773) exceeded revenue ($755,551), the organization has shown resilience, often recovering with surpluses in subsequent years, like the $145,861 surplus in 2021. The asset base has grown significantly over the decade, from $126,898 in 2014 to $291,573 in 2023, suggesting prudent financial management and accumulation of resources.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence regarding administrative overhead. The NTEE code P85 (Homeless, Housing & Shelter) aligns with their mission, and the financial data supports a focus on program delivery, though specific program spending percentages would provide a clearer picture. The consistent filing of IRS 990s over 14 periods demonstrates a commitment to transparency.

Overall, Street Sense Inc appears to be a financially sound and transparent organization. Their ability to manage expenses close to revenue, maintain a healthy asset base, and report no officer compensation are strong indicators of responsible stewardship. While some years show minor deficits, these are often offset by surpluses in other periods, suggesting effective financial planning and adaptability.

Verdict: Street Sense Inc appears trustworthy

Red Flags