Is Swedenborg Foundation Inc Legit? —…

Spending Breakdown

How Swedenborg 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 Swedenborg Foundation Inc

Is Swedenborg Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Swedenborg Foundation Inc (EIN: 131362850) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Swedenborg Foundation Inc a good charity to donate to?

Swedenborg Foundation Inc has a Mission Score of 75/100. Revenue: $3.7M. Assets: $19.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Swedenborg Foundation Inc?

The Employer Identification Number (EIN) for Swedenborg Foundation Inc is 131362850. 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 Swedenborg Foundation Inc spend its money?

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

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

You can verify Swedenborg Foundation Inc's tax-exempt status using EIN 131362850 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 Swedenborg Foundation Inc. demonstrates a consistent operational pattern, with expenses frequently exceeding revenue in recent years. For instance, in 2023, expenses were $2,896,013 against revenues of $2,152,805, and a similar trend is observed in 2022 and 2021. Despite this, the organization maintains substantial assets, reported at $17,748,195 in 2023, indicating a strong financial reserve built over time, possibly from significant past contributions like the $5,953,149 revenue in 2014. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead related to executive pay, which is a positive indicator of financial stewardship and transparency.

The organization's financial health appears stable due to its significant asset base, which can absorb periods of operational deficits. However, the recurring deficit trend warrants attention to ensure long-term sustainability without solely relying on asset depletion. The absence of officer compensation is a strong point for transparency and efficiency, as it directly reduces administrative costs. While specific program spending ratios are not provided in the raw data, the overall financial structure suggests a focus on mission delivery, supported by a robust endowment.

Is Swedenborg Foundation Inc Legit?

Verdict: Swedenborg Foundation Inc appears trustworthy

Red Flags

Strengths