Sasamani Foundation Inc
EIN: 900728498 · Old Mystic, CT · NTEE: Q30
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $254K |
| Net Assets | $73K |
Is Sasamani Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sasamani Foundation Inc
Sasamani Foundation Inc (EIN: 900728498) is a nonprofit organization based in Old Mystic, CT, classified under NTEE code Q30. The organization reported total revenue of $240K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sasamani Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sasamani Foundation Inc is a small nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $240K |
| Total Expenses | $254K |
| Surplus / Deficit | $-13,593 |
| Total Assets | $103K |
| Total Liabilities | $31K |
| Net Assets | $73K |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 29.7% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2023, Sasamani Foundation Inc reported a deficit of $14K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 29.7% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Sasamani Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | +29.3% | -21.1% |
| 2022 | +6.2% | +38.4% | +36.9% |
| 2021 | +61.8% | +14.4% | +53.4% |
| 2020 | -18.0% | -20.5% | +20.8% |
| 2019 | -5.5% | -30.1% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sasamani Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sasamani Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.7%.
Frequently Asked Questions about Sasamani Foundation Inc
Is Sasamani Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sasamani Foundation Inc (EIN: 900728498) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sasamani Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Sasamani Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Sasamani Foundation Inc tax-deductible?
Sasamani Foundation Inc is registered as a tax-exempt nonprofit (EIN: 900728498). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sasamani Foundation Inc located?
Sasamani Foundation Inc is headquartered in Old Mystic, Connecticut and files with the IRS under EIN 900728498. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Sasamani Foundation Inc have?
Sasamani Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $240K in total revenue.
Filing History
IRS 990 filing history for Sasamani Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Sasamani Foundation Inc's revenue has grown by 71.8%, moving from $140K to $240K. Total assets increased by 239.8% over the same period, from $30K to $103K. Total functional expenses rose by 130.9%, from $110K to $254K. In its most recent filing year (2023), Sasamani Foundation Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $31K in liabilities against $103K in assets (debt-to-asset ratio: 29.7%), resulting in net assets of $73K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $240K | $254K | $103K | $31K | — | — |
| 2022 | $232K | $196K | $131K | $45K | — | View 990 |
| 2021 | $218K | $142K | $96K | $45K | — | — |
| 2020 | $135K | $124K | $62K | $88K | — | View 990 |
| 2019 | $164K | $156K | $52K | $88K | — | View 990 |
| 2018 | $174K | $224K | $51K | $95K | — | View 990 |
| 2017 | $105K | $135K | $30K | $25K | — | View 990 |
| 2016 | $85K | $75K | $35K | $0 | — | View 990 |
| 2015 | $64K | $70K | $25K | $0 | — | View 990 |
| 2014 | $140K | $110K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $240K, expenses of $254K, and assets of $103K (revenue +3.7% year-over-year).
- 2022: Revenue of $232K, expenses of $196K, and assets of $131K (revenue +6.2% year-over-year).
- 2021: Revenue of $218K, expenses of $142K, and assets of $96K (revenue +61.8% year-over-year).
- 2020: Revenue of $135K, expenses of $124K, and assets of $62K (revenue -18.0% year-over-year).
- 2019: Revenue of $164K, expenses of $156K, and assets of $52K (revenue -5.5% year-over-year).
- 2018: Revenue of $174K, expenses of $224K, and assets of $51K (revenue +65.4% year-over-year).
- 2017: Revenue of $105K, expenses of $135K, and assets of $30K (revenue +23.7% year-over-year).
- 2016: Revenue of $85K, expenses of $75K, and assets of $35K (revenue +32.4% year-over-year).
- 2015: Revenue of $64K, expenses of $70K, and assets of $25K (revenue -54.1% year-over-year).
- 2014: Revenue of $140K, expenses of $110K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sasamani Foundation Inc:
Data Sources and Methodology
This transparency report for Sasamani Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.