Sasco Foundation
Sasco Foundation shows stable assets and zero officer compensation, with recent revenue surge.
EIN: 136046567 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $340K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.6M |
| Transparency Score | 75/100 |
Is Sasco Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sasco Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sasco Foundation
Sasco Foundation (EIN: 136046567) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $1.7M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sasco Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sasco Foundation is a mid-size nonprofit that has been operating for 72 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $453K |
| Total Expenses | $340K |
| Surplus / Deficit | +$112K |
| Total Assets | $5.6M |
| Total Liabilities | $1 |
| Net Assets | $5.6M |
| Operating Margin | 24.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 196.7 months |
Financial Health Grade: A
In 2019, Sasco Foundation reported a surplus of $112K with revenue exceeding expenses, holds 196.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Sasco Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +40.1% | -2.0% | +5.9% |
| 2015 | -33.5% | -11.2% | -0.5% |
| 2014 | +46.2% | +10.1% | +1.8% |
| 2013 | +43.5% | +7.4% | -0.5% |
| 2012 | -34.8% | -2.7% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sasco Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Sasco Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Sasco Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is a strong positive for donor trust, especially for an organization with assets exceeding $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sasco Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes full spending efficiency assessment difficult
- Sudden, large increase in revenue without explanation could indicate a one-time event rather than sustainable growth
Strengths
The following positive indicators were identified for Sasco Foundation:
- Consistent zero officer compensation across all filings
- Stable asset base exceeding $5 million
- Consistently low to zero liabilities, indicating strong financial management
- Positive net income in the latest filing ($1,733,891 revenue vs. $340,380 expenses)
Frequently Asked Questions about Sasco Foundation
Is Sasco Foundation a legitimate charity?
Sasco Foundation (EIN: 136046567) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Sasco Foundation spend its money?
Sasco Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Sasco Foundation tax-deductible?
Sasco Foundation is registered as a tax-exempt nonprofit (EIN: 136046567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sasco Foundation CEO make?
Sasco Foundation's highest-compensated officer earns $5 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sasco Foundation's spending goes to programs?
Sasco Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sasco Foundation located?
Sasco Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 136046567.
How many years of IRS 990 filings does Sasco Foundation have?
Sasco Foundation has 6 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 $1.7M in total revenue.
What caused the significant increase in revenue to $1,733,891 in the latest period, compared to previous years' typical revenue of $200k-$400k?
The provided data does not specify the source of this revenue increase. Further investigation into the detailed IRS Form 990 would be necessary to understand if it's from a large one-time donation, investment gains, or a new sustainable funding stream.
What are the specific program activities and their associated costs, given the lack of detailed expense breakdowns?
The provided summary data does not offer a detailed breakdown of program expenses. To understand the organization's programmatic impact and efficiency, one would need to review the full IRS Form 990, specifically Part IX, Statement of Functional Expenses.
How does the organization manage its assets of over $5 million without incurring liabilities?
The consistent reporting of $0 in liabilities across multiple years suggests prudent financial management and potentially a conservative approach to debt. It could also indicate that the organization primarily operates on its endowment or current donations without needing to borrow.
Filing History
IRS 990 filing history for Sasco Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Sasco Foundation's revenue has grown by 27.5%, moving from $355K to $453K. Total assets increased by 4.4% over the same period, from $5.3M to $5.6M. Total functional expenses rose by 0.1%, from $340K to $340K. In its most recent filing year (2019), Sasco Foundation reported a surplus of $112K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $453K | $340K | $5.6M | $1 | — | View 990 |
| 2015 | $323K | $347K | $5.3M | $0 | — | View 990 |
| 2014 | $485K | $391K | $5.3M | $0 | — | View 990 |
| 2013 | $332K | $355K | $5.2M | $0 | — | View 990 |
| 2012 | $231K | $331K | $5.2M | $0 | — | View 990 |
| 2011 | $355K | $340K | $5.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $453K, expenses of $340K, and assets of $5.6M (revenue +40.1% year-over-year).
- 2015: Revenue of $323K, expenses of $347K, and assets of $5.3M (revenue -33.5% year-over-year).
- 2014: Revenue of $485K, expenses of $391K, and assets of $5.3M (revenue +46.2% year-over-year).
- 2013: Revenue of $332K, expenses of $355K, and assets of $5.2M (revenue +43.5% year-over-year).
- 2012: Revenue of $231K, expenses of $331K, and assets of $5.2M (revenue -34.8% year-over-year).
- 2011: Revenue of $355K, expenses of $340K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sasco Foundation:
Data Sources and Methodology
This transparency report for Sasco Foundation 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.