Selfreliance Foundation
Selfreliance Foundation consistently grows assets with zero reported officer compensation.
EIN: 205423872 · Chicago, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $932K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $17.0M |
| Transparency Score | 92/100 |
Is Selfreliance Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Selfreliance Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Selfreliance Foundation
Selfreliance Foundation (EIN: 205423872) is a nonprofit organization based in Chicago, IL, classified under NTEE code T20. The organization reported total revenue of $1.9M and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Selfreliance Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Selfreliance Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $932K |
| Surplus / Deficit | +$1.5M |
| Total Assets | $17.0M |
| Total Liabilities | $1 |
| Net Assets | $17.0M |
| Operating Margin | 61.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 218.4 months |
Financial Health Grade: A
In 2023, Selfreliance Foundation reported a surplus of $1.5M with revenue exceeding expenses, holds 218.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Selfreliance Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.1% | +5.9% | +9.8% |
| 2022 | -57.7% | +35.7% | +3.6% |
| 2021 | +508.5% | -4.6% | +22.1% |
| 2020 | -62.9% | -3.2% | -1.1% |
| 2019 | +3688.0% | +94.4% | +114.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Selfreliance Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Selfreliance Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Selfreliance Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with assets exceeding $16 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 Selfreliance Foundation's IRS 990 filings:
- Significant revenue volatility year-over-year (e.g., $3,342,463 in 2021 vs. $549,276 in 2020), which could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Selfreliance Foundation:
- Consistent 0% officer compensation, indicating a strong commitment to mission over executive pay.
- Significant and consistent asset growth, from $4,013,739 in 2011 to $16,961,939 in 2023.
- Extremely low liabilities (often $1), demonstrating excellent financial stability and minimal debt.
- Expenses consistently well below revenue in most recent years, leading to strong net asset accumulation.
- Long filing history (10 filings) indicating sustained operation and transparency.
Frequently Asked Questions about Selfreliance Foundation
Is Selfreliance Foundation a legitimate charity?
Selfreliance Foundation (EIN: 205423872) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Selfreliance Foundation spend its money?
Selfreliance Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Selfreliance Foundation tax-deductible?
Selfreliance Foundation is registered as a tax-exempt nonprofit (EIN: 205423872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Selfreliance Foundation CEO make?
Selfreliance Foundation's highest-compensated officer earns $16 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Selfreliance Foundation's spending goes to programs?
Selfreliance Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Selfreliance Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Selfreliance Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Selfreliance Foundation located?
Selfreliance Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 205423872. It is classified under NTEE code T20.
How many years of IRS 990 filings does Selfreliance Foundation have?
Selfreliance 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 $1.9M in total revenue.
Is Selfreliance Foundation a good charity?
Based on the available financial data, Selfreliance Foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains minimal liabilities, and has significantly grown its assets from $4,013,739 in 2011 to $16,961,939 in 2023, demonstrating strong financial health and efficient use of funds.
How does Selfreliance Foundation manage its expenses?
Selfreliance Foundation manages its expenses very effectively. In 2023, expenses were $932,175 against revenue of $2,448,527, indicating that a significant portion of revenue is retained or invested. Expenses have remained relatively stable and low compared to revenue and asset growth over the past decade.
What is the trend in Selfreliance Foundation's assets?
Selfreliance Foundation shows a strong upward trend in assets, growing from $4,013,739 in 2011 to $16,961,939 in 2023. This consistent growth, even with fluctuating revenues, suggests sound financial management and accumulation of resources.
Does Selfreliance Foundation pay its executives?
No, Selfreliance Foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.
Filing History
IRS 990 filing history for Selfreliance Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Selfreliance Foundation's revenue has grown by 1.6%, moving from $2.4M to $2.4M. Total assets increased by 322.6% over the same period, from $4.0M to $17.0M. Total functional expenses rose by 121.8%, from $420K to $932K. In its most recent filing year (2023), Selfreliance Foundation reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $17.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $932K | $17.0M | $1 | — | — |
| 2022 | $1.4M | $880K | $15.4M | $1 | — | — |
| 2021 | $3.3M | $648K | $14.9M | $1 | — | View 990 |
| 2020 | $549K | $680K | $12.2M | $1 | — | — |
| 2019 | $1.5M | $702K | $12.3M | $1 | — | — |
| 2015 | $39K | $361K | $5.8M | $0 | — | View 990 |
| 2014 | $347K | $334K | $6.1M | $0 | — | View 990 |
| 2013 | $645K | $320K | $6.1M | $0 | — | View 990 |
| 2012 | $2.0M | $323K | $5.7M | $0 | — | View 990 |
| 2011 | $2.4M | $420K | $4.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $932K, and assets of $17.0M (revenue +73.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $880K, and assets of $15.4M (revenue -57.7% year-over-year).
- 2021: Revenue of $3.3M, expenses of $648K, and assets of $14.9M (revenue +508.5% year-over-year).
- 2020: Revenue of $549K, expenses of $680K, and assets of $12.2M (revenue -62.9% year-over-year).
- 2019: Revenue of $1.5M, expenses of $702K, and assets of $12.3M (revenue +3688.0% year-over-year).
- 2015: Revenue of $39K, expenses of $361K, and assets of $5.8M (revenue -88.7% year-over-year).
- 2014: Revenue of $347K, expenses of $334K, and assets of $6.1M (revenue -46.2% year-over-year).
- 2013: Revenue of $645K, expenses of $320K, and assets of $6.1M (revenue -68.5% year-over-year).
- 2012: Revenue of $2.0M, expenses of $323K, and assets of $5.7M (revenue -15.0% year-over-year).
- 2011: Revenue of $2.4M, expenses of $420K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Selfreliance Foundation:
Data Sources and Methodology
This transparency report for Selfreliance 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.