Sicot Foundation Incorporated
Sicot Foundation shows volatile revenue but stable assets and no officer compensation.
EIN: 20444466 · Portsmouth, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $101K |
| Total Expenses | $9K |
| Program Spending | 80% |
| Net Assets | $314K |
| Transparency Score | 75/100 |
Is Sicot Foundation Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sicot Foundation Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sicot Foundation Incorporated
Sicot Foundation Incorporated (EIN: 20444466) is a nonprofit organization based in Portsmouth, NH. The organization reported total revenue of $101K and total assets of $323K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sicot Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sicot Foundation Incorporated is a small nonprofit that has been operating for 33 years, with 9 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of 31.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $9K |
| Surplus / Deficit | +$15K |
| Total Assets | $314K |
| Total Liabilities | $1 |
| Net Assets | $314K |
| Operating Margin | 61.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 403.1 months |
Financial Health Grade: A
In 2021, Sicot Foundation Incorporated reported a surplus of $15K with revenue exceeding expenses, holds 403.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2010–2021), Sicot Foundation Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 31.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +405.5% | +75.8% | +5.0% |
| 2020 | -47.6% | -72.1% | -0.2% |
| 2019 | -96.2% | +40.1% | -11.6% |
| 2015 | +722.5% | -54.1% | +204.3% |
| 2014 | -40.2% | +130.6% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Sicot Foundation Incorporated 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sicot Foundation Incorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that compensation falls below reporting thresholds, which is positive for resource allocation to mission.
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 Sicot Foundation Incorporated's IRS 990 filings:
- Highly volatile revenue streams, making long-term planning difficult.
- Lack of detailed program expense breakdown in available data.
Strengths
The following positive indicators were identified for Sicot Foundation Incorporated:
- Consistent asset growth over the long term, from $1,646 in 2010 to $323,472 currently.
- Minimal liabilities reported across all filing periods, indicating strong financial solvency.
- No reported officer compensation, suggesting efficient use of funds for mission-related activities.
Frequently Asked Questions about Sicot Foundation Incorporated
Is Sicot Foundation Incorporated a legitimate charity?
Sicot Foundation Incorporated (EIN: 20444466) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $101K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Sicot Foundation Incorporated spend its money?
Sicot Foundation Incorporated directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sicot Foundation Incorporated tax-deductible?
Sicot Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 20444466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sicot Foundation Incorporated's spending goes to programs?
Sicot Foundation Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sicot Foundation Incorporated located?
Sicot Foundation Incorporated is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20444466.
How many years of IRS 990 filings does Sicot Foundation Incorporated have?
Sicot Foundation Incorporated has 9 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 $101K in total revenue.
What are the primary sources of the Sicot Foundation's highly variable revenue?
The IRS 990 data shows significant fluctuations in revenue, from $241,187 in 2015 to $4,825 in 2020. Understanding the specific types of contributions or grants driving these changes would provide insight into funding stability.
How does the Sicot Foundation manage its programs with such inconsistent annual revenue?
Given the wide swings in revenue, it's unclear how the organization maintains consistent program delivery or adapts its activities to match available funding. Further details on program expenditures would be beneficial.
What are the specific program activities undertaken by the Sicot Foundation?
Without an NTEE code or detailed program expense breakdowns, it's difficult to assess the impact or nature of the foundation's charitable work, despite its consistent asset base.
Filing History
IRS 990 filing history for Sicot Foundation Incorporated showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2021), Sicot Foundation Incorporated's revenue has grown by 1932.4%, moving from $1K to $24K. Total assets increased by 18986.5% over the same period, from $2K to $314K. Total functional expenses fell by 4.1%, from $10K to $9K. In its most recent filing year (2021), Sicot Foundation Incorporated reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1 in liabilities against $314K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $314K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $24K | $9K | $314K | $1 | — | — |
| 2020 | $5K | $5K | $299K | $1 | — | — |
| 2019 | $9K | $19K | $300K | $1 | — | View 990 |
| 2015 | $241K | $14K | $339K | $1 | — | View 990 |
| 2014 | $29K | $30K | $111K | $0 | — | View 990 |
| 2013 | $49K | $13K | $112K | $1 | — | View 990 |
| 2012 | $24K | $28K | $76K | $1 | — | View 990 |
| 2011 | $0 | $22K | $79K | $0 | — | View 990 |
| 2010 | $1K | $10K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $24K, expenses of $9K, and assets of $314K (revenue +405.5% year-over-year).
- 2020: Revenue of $5K, expenses of $5K, and assets of $299K (revenue -47.6% year-over-year).
- 2019: Revenue of $9K, expenses of $19K, and assets of $300K (revenue -96.2% year-over-year).
- 2015: Revenue of $241K, expenses of $14K, and assets of $339K (revenue +722.5% year-over-year).
- 2014: Revenue of $29K, expenses of $30K, and assets of $111K (revenue -40.2% year-over-year).
- 2013: Revenue of $49K, expenses of $13K, and assets of $112K (revenue +100.8% year-over-year).
- 2012: Revenue of $24K, expenses of $28K, and assets of $76K.
- 2011: Revenue of $0, expenses of $22K, and assets of $79K (revenue -100.0% year-over-year).
- 2010: Revenue of $1K, expenses of $10K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sicot Foundation Incorporated:
Data Sources and Methodology
This transparency report for Sicot Foundation Incorporated 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.