Is Surf Point Foundation Trust Agree 04 07 88 Legit?

Quick charity verification for Surf Point Foundation Trust Agree 04 07 88 (EIN: 16084742)

Verdict: Surf Point Foundation Trust Agree 04 07 88 appears trustworthy

70/100Mission Score
$621KRevenue
$3.4MAssets
2Red Flags
2Strengths

Red Flags

Strengths

AI Transparency Report

Surf Point Foundation Trust Agree 04 07 88 exhibits a fluctuating financial profile, with significant variations in revenue and assets over the years. For instance, revenue jumped from $2,882 in 2015 to $2,384,916 in 2019, then decreased to $423,223 in 2020. Similarly, assets saw a substantial increase from $429 in 2015 to $14,438,995 in 2020, indicating periods of substantial growth and asset accumulation. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging. The significant liabilities reported in 2020 ($27,577) compared to previous years (often $0 or $1) warrant further investigation to understand their nature and impact on financial stability. Overall, while the absence of officer compensation is a strength, the variability in financial metrics and limited expense detail suggest a need for deeper scrutiny into operational efficiency and financial management practices.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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