Sda Foundation
Sda Foundation shows highly volatile revenue and consistent multi-million dollar liabilities exceeding assets.
EIN: 137235530 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.9M |
| Total Expenses | $353K |
| Program Spending | 70% |
| Net Assets | $-2,436,831 |
| Transparency Score | 45/100 |
Is Sda Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sda Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Sda Foundation
Sda Foundation (EIN: 137235530) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $13.9M and total assets of $15.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sda Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sda Foundation is a large nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -31.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $353K |
| Surplus / Deficit | $-292,875 |
| Total Assets | $5.1M |
| Total Liabilities | $7.5M |
| Net Assets | $-2,436,831 |
| Operating Margin | -485.9% |
| Debt-to-Asset Ratio | 148.2% |
| Months of Reserves | 171.7 months |
Financial Health Grade: C
In 2023, Sda Foundation reported a deficit of $293K with expenses exceeding revenue, holds 171.7 months of operating reserves (strong position), has a debt-to-asset ratio of 148.2% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Sda Foundation's revenue has declined at a compound annual growth rate (CAGR) of -31.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +190.6% | +462.9% | -1.8% |
| 2022 | +4133.7% | -66.4% | +2.6% |
| 2021 | -100.0% | +221.8% | -2.5% |
| 2020 | +582.0% | -74.5% | +861.7% |
| 2019 | -21.3% | -86.3% | +5056.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Sda Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Sda Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $293K, with expenses exceeding revenue.
- Debt-to-asset ratio: 148.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is structured in a way not captured by this specific metric on the 990, which is a positive indicator for minimizing overhead if accurate.
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 Sda Foundation's IRS 990 filings:
- Consistent multi-million dollar liabilities significantly exceeding assets (e.g., $7,490,000 liabilities vs. $5,053,169 assets in 2023).
- Highly volatile revenue streams, making financial planning and stability uncertain (e.g., $490 in 2021 vs. $8.8M in 2020).
- Expenses frequently exceeding revenue by a large margin in recent years (e.g., $353,151 expenses vs. $60,276 revenue in 2023).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering assessment of spending efficiency.
Strengths
The following positive indicators were identified for Sda Foundation:
- Consistently reported 0% officer compensation, indicating low executive overhead or volunteer leadership.
- Significant assets reported in the latest filing ($15,483,115), though this conflicts with the 2023 filing's $5,053,169, suggesting a need for clarification or a recent substantial increase.
Frequently Asked Questions about Sda Foundation
Is Sda Foundation a legitimate charity?
Sda Foundation (EIN: 137235530) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $13.9M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Sda Foundation spend its money?
Sda Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Sda Foundation tax-deductible?
Sda Foundation is registered as a tax-exempt nonprofit (EIN: 137235530). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sda Foundation's spending goes to programs?
Sda Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Sda Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Sda Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sda Foundation located?
Sda Foundation is headquartered in New York, New York and files with the IRS under EIN 137235530. It is classified under NTEE code T22.
How many years of IRS 990 filings does Sda Foundation have?
Sda Foundation 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 $13.9M in total revenue.
What is the nature of the consistent multi-million dollar liabilities (e.g., $7,490,000 in 2023) and how does the organization plan to address them?
The filings consistently show liabilities far exceeding assets, such as $7,490,000 in liabilities against $5,053,169 in assets in 2023. Understanding the source and repayment plan for these liabilities is critical for assessing financial stability.
Given the significant fluctuations in annual revenue (e.g., $490 in 2021 vs. $8,853,559 in 2020), what is the organization's strategy for sustainable funding?
The extreme volatility in revenue makes long-term financial planning challenging. A clear strategy for consistent funding is essential for operational stability.
How does the organization manage periods where expenses significantly exceed revenue, such as in 2023 where expenses were $353,151 against revenue of $60,276?
Operating with expenses far greater than revenue is unsustainable. The organization needs to clarify how these deficits are covered and if this trend is expected to continue.
What are the specific program activities and how much of the total expenses are directly allocated to these programs?
Without a detailed breakdown of expenses, it's difficult to assess the organization's program efficiency and impact. Knowing the program spending ratio is key for evaluating effectiveness.
Filing History
IRS 990 filing history for Sda Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sda Foundation's revenue has declined by 98.9%, moving from $5.6M to $60K. Total assets increased by 16583.2% over the same period, from $30K to $5.1M. Total functional expenses fell by 93.8%, from $5.7M to $353K. In its most recent filing year (2023), Sda Foundation reported a deficit of $293K, with expenses exceeding revenue. The organization holds $7.5M in liabilities against $5.1M in assets (debt-to-asset ratio: 148.2%), resulting in net assets of $-2,436,831.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $353K | $5.1M | $7.5M | — | — |
| 2022 | $21K | $63K | $5.1M | $7.5M | — | View 990 |
| 2021 | $490 | $187K | $5.0M | $7.5M | — | View 990 |
| 2020 | $8.9M | $58K | $5.1M | $7.5M | — | View 990 |
| 2019 | $1.3M | $228K | $535K | $7.5M | — | View 990 |
| 2015 | $1.7M | $1.7M | $10K | $7.5M | — | View 990 |
| 2014 | $5.8M | $3.3M | $2K | $7.5M | — | View 990 |
| 2013 | $5.5M | $5.5M | $7K | $10.0M | — | View 990 |
| 2012 | $7.5M | $7.6M | $847 | $10.0M | — | View 990 |
| 2011 | $5.6M | $5.7M | $30K | $10.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $353K, and assets of $5.1M (revenue +190.6% year-over-year).
- 2022: Revenue of $21K, expenses of $63K, and assets of $5.1M (revenue +4133.7% year-over-year).
- 2021: Revenue of $490, expenses of $187K, and assets of $5.0M (revenue -100.0% year-over-year).
- 2020: Revenue of $8.9M, expenses of $58K, and assets of $5.1M (revenue +582.0% year-over-year).
- 2019: Revenue of $1.3M, expenses of $228K, and assets of $535K (revenue -21.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $10K (revenue -71.5% year-over-year).
- 2014: Revenue of $5.8M, expenses of $3.3M, and assets of $2K (revenue +5.0% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.5M, and assets of $7K (revenue -26.9% year-over-year).
- 2012: Revenue of $7.5M, expenses of $7.6M, and assets of $847 (revenue +36.0% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.7M, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sda Foundation:
Data Sources and Methodology
This transparency report for Sda 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.