Sinawik Inc
Sinawik Inc. operates with minimal revenue, relying on stable assets and volunteer leadership.
EIN: 10353202 · Presque Isle, ME · NTEE: S128 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $837 |
| Total Expenses | $768 |
| Program Spending | 80% |
| Net Assets | $87K |
| Transparency Score | 75/100 |
Is Sinawik Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sinawik Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sinawik Inc
Sinawik Inc (EIN: 10353202) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code S128. The organization reported total revenue of $837 and total assets of $106K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sinawik Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sinawik Inc is a micro nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -32.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $186 |
| Total Expenses | $768 |
| Surplus / Deficit | $-582 |
| Total Assets | $87K |
| Net Assets | $87K |
| Operating Margin | -312.9% |
| Months of Reserves | 1354.6 months |
Financial Health Grade: B
In 2023, Sinawik Inc reported a deficit of $582 with expenses exceeding revenue, holds 1354.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Sinawik Inc's revenue has declined at a compound annual growth rate (CAGR) of -32.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | -92.8% | +30.3% |
| 2022 | -7.1% | +1293.0% | -32.5% |
| 2021 | -1.6% | -86.7% | +10.7% |
| 2020 | +3.4% | +286.8% | +7.4% |
| 2019 | -5.8% | -86.2% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
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 Sinawik Inc 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Sinawik Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 deficit of $582, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization is run by volunteers and does not allocate any of its minimal funds to officer salaries, which is highly efficient for an organization of its size.
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 Sinawik Inc's IRS 990 filings:
- Significant operational deficits in multiple years (e.g., 2022 revenue $169 vs. expenses $10,698) without clear explanation of funding sources beyond existing assets.
- Lack of detailed expense breakdown makes it difficult to fully assess program efficiency and administrative overhead.
Strengths
The following positive indicators were identified for Sinawik Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven model and high efficiency in personnel costs.
- No reported liabilities across all filing periods, demonstrating strong financial stability in terms of debt management.
- Maintained a stable asset base (around $80,000 - $100,000) despite minimal operational revenue, suggesting careful asset management.
Frequently Asked Questions about Sinawik Inc
Is Sinawik Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sinawik Inc (EIN: 10353202) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Sinawik Inc spend its money?
Sinawik Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sinawik Inc tax-deductible?
Sinawik Inc is registered as a tax-exempt nonprofit (EIN: 10353202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sinawik Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Sinawik Inc is above average for NTEE category S128 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sinawik Inc located?
Sinawik Inc is headquartered in Presque Isle, Maine and files with the IRS under EIN 10353202. It is classified under NTEE code S128.
How many years of IRS 990 filings does Sinawik Inc have?
Sinawik Inc has 13 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 $837 in total revenue.
How does Sinawik Inc. fund its operations when expenses significantly exceed revenue, such as in 2022 ($169 revenue vs. $10,698 expenses)?
The organization likely draws from its accumulated assets, which have consistently been around $80,000 to $100,000, to cover operational deficits. The lack of liabilities suggests it is not incurring debt to cover these shortfalls.
What are the primary activities or programs of Sinawik Inc. given its NTEE code S128 (Youth Development Programs) and minimal financial activity?
Without detailed program expense breakdowns, it's challenging to pinpoint specific activities. However, given the NTEE code, it likely engages in small-scale youth development initiatives, possibly volunteer-led and with very low overhead, or acts as a holding entity for assets intended for future programming.
Why does Sinawik Inc. report such consistently low revenues, often in the hundreds of dollars?
The low revenue figures suggest that the organization may not actively fundraise or receive significant public donations. It could be sustained by a small endowment, private contributions not fully reflected as public support, or primarily operates with in-kind support not monetized as revenue.
Filing History
IRS 990 filing history for Sinawik Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sinawik Inc's revenue has declined by 99.1%, moving from $22K to $186. Total assets decreased by 0.8% over the same period, from $87K to $87K. Total functional expenses fell by 92.7%, from $11K to $768. In its most recent filing year (2023), Sinawik Inc reported a deficit of $582, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $186 | $768 | $87K | $0 | — | View 990 |
| 2022 | $169 | $11K | $67K | $0 | — | View 990 |
| 2021 | $182 | $768 | $99K | $0 | — | View 990 |
| 2020 | $185 | $6K | $89K | $0 | — | View 990 |
| 2019 | $179 | $1K | $83K | $0 | — | View 990 |
| 2018 | $190 | $11K | $84K | $0 | — | View 990 |
| 2017 | $106 | $125 | $95K | $0 | — | View 990 |
| 2016 | $6 | $2K | $95K | $0 | — | View 990 |
| 2015 | $11K | $12K | $97K | $0 | — | View 990 |
| 2014 | $20K | $11K | $98K | $0 | — | View 990 |
| 2013 | $8K | $17K | $88K | $0 | — | View 990 |
| 2012 | $15K | $5K | $97K | $0 | — | View 990 |
| 2011 | $22K | $11K | $87K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $186, expenses of $768, and assets of $87K (revenue +10.1% year-over-year).
- 2022: Revenue of $169, expenses of $11K, and assets of $67K (revenue -7.1% year-over-year).
- 2021: Revenue of $182, expenses of $768, and assets of $99K (revenue -1.6% year-over-year).
- 2020: Revenue of $185, expenses of $6K, and assets of $89K (revenue +3.4% year-over-year).
- 2019: Revenue of $179, expenses of $1K, and assets of $83K (revenue -5.8% year-over-year).
- 2018: Revenue of $190, expenses of $11K, and assets of $84K (revenue +79.2% year-over-year).
- 2017: Revenue of $106, expenses of $125, and assets of $95K (revenue +1666.7% year-over-year).
- 2016: Revenue of $6, expenses of $2K, and assets of $95K (revenue -99.9% year-over-year).
- 2015: Revenue of $11K, expenses of $12K, and assets of $97K (revenue -46.3% year-over-year).
- 2014: Revenue of $20K, expenses of $11K, and assets of $98K (revenue +169.7% year-over-year).
- 2013: Revenue of $8K, expenses of $17K, and assets of $88K (revenue -49.9% year-over-year).
- 2012: Revenue of $15K, expenses of $5K, and assets of $97K (revenue -31.3% year-over-year).
- 2011: Revenue of $22K, expenses of $11K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sinawik Inc:
Data Sources and Methodology
This transparency report for Sinawik 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.