Sincerely Yours Foundation
EIN: 474429244 · Falls Rough, KY · NTEE: T23
| Metric | Value |
|---|---|
| Total Revenue | $399 |
| Total Expenses | $3K |
| Net Assets | $109K |
Is Sincerely Yours Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sincerely Yours Foundation
Sincerely Yours Foundation (EIN: 474429244) is a nonprofit organization based in Falls Rough, KY, classified under NTEE code T23. The organization reported total revenue of $399 and total assets of $108K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sincerely Yours Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sincerely Yours Foundation is a micro nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -46.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $3K |
| Surplus / Deficit | $-3,385 |
| Total Assets | $109K |
| Total Liabilities | $1 |
| Net Assets | $109K |
| Operating Margin | -338500.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 386.1 months |
Financial Health Grade: B
In 2023, Sincerely Yours Foundation reported a deficit of $3K with expenses exceeding revenue, holds 386.1 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 (2015–2023), Sincerely Yours Foundation's revenue has declined at a compound annual growth rate (CAGR) of -46.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -12.8% | -3.0% |
| 2022 | -99.7% | +936.0% | -2.8% |
| 2021 | +106.7% | -86.9% | +6.3% |
| 2020 | -72.0% | -26.2% | +1.3% |
| 2019 | +287.7% | +116.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sincerely Yours Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sincerely Yours Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Sincerely Yours Foundation
Is Sincerely Yours Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sincerely Yours Foundation (EIN: 474429244) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sincerely Yours Foundation spend its money?
Detailed spending breakdown data is not yet available for Sincerely Yours Foundation. Check back for updated IRS 990 analysis.
Are donations to Sincerely Yours Foundation tax-deductible?
Sincerely Yours Foundation is registered as a tax-exempt nonprofit (EIN: 474429244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sincerely Yours Foundation located?
Sincerely Yours Foundation is headquartered in Falls Rough, Kentucky and files with the IRS under EIN 474429244. It is classified under NTEE code T23.
How many years of IRS 990 filings does Sincerely Yours Foundation have?
Sincerely Yours 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 $399 in total revenue.
Filing History
IRS 990 filing history for Sincerely Yours Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Sincerely Yours Foundation's revenue has declined by 99.3%, moving from $138 to $1. Total assets increased by 1% over the same period, from $108K to $109K. Total functional expenses rose by 88.1%, from $2K to $3K. In its most recent filing year (2023), Sincerely Yours Foundation reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $109K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $109K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $3K | $109K | $1 | — | — |
| 2022 | $1 | $4K | $112K | $1 | — | — |
| 2021 | $310 | $375 | $116K | $1 | — | — |
| 2020 | $150 | $3K | $109K | $1 | — | — |
| 2019 | $535 | $4K | $107K | $1 | — | View 990 |
| 2015 | $138 | $2K | $108K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $3K, and assets of $109K (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $4K, and assets of $112K (revenue -99.7% year-over-year).
- 2021: Revenue of $310, expenses of $375, and assets of $116K (revenue +106.7% year-over-year).
- 2020: Revenue of $150, expenses of $3K, and assets of $109K (revenue -72.0% year-over-year).
- 2019: Revenue of $535, expenses of $4K, and assets of $107K (revenue +287.7% year-over-year).
- 2015: Revenue of $138, expenses of $2K, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sincerely Yours Foundation:
Data Sources and Methodology
This transparency report for Sincerely Yours 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.