High liabilities in 2023 ($231,800) relative to assets ($273,368), indicating a high debt-to-asset ratio for that year.
Strengths
Consistent revenue growth from $73,493 in 2014 to $273,368 in 2023.
Consistent asset growth from $23,277 in 2015 to $273,368 in 2023 (excluding 2014 data point for asset growth comparison).
0% reported officer compensation across all filings, indicating highly efficient leadership costs.
Expenses consistently below revenue, allowing for asset accumulation and financial stability.
Spending Breakdown
How Sylvia Collins Ministries allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Sylvia Collins Ministries
Is Sylvia Collins Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Sylvia Collins Ministries (EIN: 202595149) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
Is Sylvia Collins Ministries a good charity to donate to?
Sylvia Collins Ministries has a Mission Score of 80/100. Revenue: $225K. Assets: $290K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sylvia Collins Ministries?
The Employer Identification Number (EIN) for Sylvia Collins Ministries is 202595149. 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 Sylvia Collins Ministries spend its money?
Sylvia Collins Ministries allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sylvia Collins Ministries's tax-exempt status?
You can verify Sylvia Collins Ministries's tax-exempt status using EIN 202595149 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
Sylvia Collins Ministries demonstrates a pattern of consistent growth in revenue and assets over the past decade, with revenue increasing from $73,493 in 2014 to $273,368 in 2023. The organization consistently spends less than its revenue, allowing for asset accumulation, which reached $273,368 in 2023. A notable aspect is the reported 0% officer compensation across all available filings, suggesting a volunteer-led or very low-paid leadership structure, which can be a positive indicator of resource allocation directly to mission. However, the 2023 filing shows liabilities of $231,800 against assets of $273,368, indicating a high debt-to-asset ratio for that specific year, which warrants further investigation into the nature of these liabilities.
The organization's spending efficiency appears generally sound, with expenses typically below revenue, contributing to a healthy asset base. The absence of reported officer compensation is a significant factor in its operational efficiency. While specific program spending percentages are not detailed in the provided data, the overall financial trend suggests a stable and growing organization. The high liabilities in 2023, however, introduce a potential concern regarding financial stability or specific operational changes in that period.
Transparency regarding executive compensation is excellent, with consistent reporting of 0%. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a full assessment of spending efficiency and program focus is limited. The consistent growth and asset accumulation, alongside the volunteer-driven leadership, generally point towards a well-managed organization, but the 2023 liabilities are a point of concern for a deeper dive.