Siop Foundation Inc
EIN: 341875995 · Drayton, SC · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $458K |
| Total Expenses | $24K |
| Net Assets | $350K |
Is Siop Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Siop Foundation Inc
Siop Foundation Inc (EIN: 341875995) is a nonprofit organization based in Drayton, SC, classified under NTEE code B82. The organization reported total revenue of $458K and total assets of $644K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Siop Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Siop Foundation Inc is a small nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $24K |
| Surplus / Deficit | +$59K |
| Total Assets | $350K |
| Net Assets | $350K |
| Operating Margin | 71.0% |
| Months of Reserves | 175.2 months |
Financial Health Grade: A
In 2023, Siop Foundation Inc reported a surplus of $59K with revenue exceeding expenses, holds 175.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), Siop Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.6% | -93.6% | +20.2% |
| 2023 | +19.7% | +328.7% | -13.8% |
| 2022 | +8.7% | -51.7% | +121.8% |
| 2021 | +8.4% | -38.6% | +86.5% |
| 2020 | +11.9% | +172.9% | -43.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Siop Foundation Inc 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 Siop Foundation Inc 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 surplus of $59K, with revenue exceeding expenses.
Frequently Asked Questions about Siop Foundation Inc
Is Siop Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Siop Foundation Inc (EIN: 341875995) insufficient data. 0 red flags identified, 0 strengths noted.
How does Siop Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Siop Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Siop Foundation Inc tax-deductible?
Siop Foundation Inc is registered as a tax-exempt nonprofit (EIN: 341875995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Siop Foundation Inc located?
Siop Foundation Inc is headquartered in Drayton, South Carolina and files with the IRS under EIN 341875995. It is classified under NTEE code B82.
How many years of IRS 990 filings does Siop Foundation Inc have?
Siop Foundation Inc has 14 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 $458K in total revenue.
Filing History
IRS 990 filing history for Siop Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Siop Foundation Inc's revenue has declined by 38.7%, moving from $135K to $83K. Total assets increased by 350224% over the same period, from $100 to $350K. Total functional expenses fell by 82.3%, from $136K to $24K. In its most recent filing year (2023), Siop Foundation Inc reported a surplus of $59K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $24K | $350K | $0 | — | — |
| 2023 | $326K | $373K | $291K | $0 | — | View 990 |
| 2022 | $273K | $87K | $338K | $0 | — | View 990 |
| 2021 | $251K | $180K | $152K | $0 | — | View 990 |
| 2020 | $231K | $293K | $82K | $0 | — | View 990 |
| 2019 | $207K | $107K | $144K | $102K | — | View 990 |
| 2018 | $206K | $178K | $44K | $0 | — | View 990 |
| 2017 | $93K | $113K | $17K | $0 | — | View 990 |
| 2016 | $98K | $108K | $38K | $0 | — | View 990 |
| 2015 | $133K | $135K | $48K | $0 | — | View 990 |
| 2014 | $169K | $174K | $50K | $0 | — | View 990 |
| 2013 | $244K | $194K | $56K | $0 | — | View 990 |
| 2012 | $231K | $226K | $6K | $0 | — | View 990 |
| 2011 | $135K | $136K | $100 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83K, expenses of $24K, and assets of $350K (revenue -74.6% year-over-year).
- 2023: Revenue of $326K, expenses of $373K, and assets of $291K (revenue +19.7% year-over-year).
- 2022: Revenue of $273K, expenses of $87K, and assets of $338K (revenue +8.7% year-over-year).
- 2021: Revenue of $251K, expenses of $180K, and assets of $152K (revenue +8.4% year-over-year).
- 2020: Revenue of $231K, expenses of $293K, and assets of $82K (revenue +11.9% year-over-year).
- 2019: Revenue of $207K, expenses of $107K, and assets of $144K (revenue +0.5% year-over-year).
- 2018: Revenue of $206K, expenses of $178K, and assets of $44K (revenue +121.9% year-over-year).
- 2017: Revenue of $93K, expenses of $113K, and assets of $17K (revenue -5.2% year-over-year).
- 2016: Revenue of $98K, expenses of $108K, and assets of $38K (revenue -26.3% year-over-year).
- 2015: Revenue of $133K, expenses of $135K, and assets of $48K (revenue -21.4% year-over-year).
- 2014: Revenue of $169K, expenses of $174K, and assets of $50K (revenue -30.8% year-over-year).
- 2013: Revenue of $244K, expenses of $194K, and assets of $56K (revenue +5.6% year-over-year).
- 2012: Revenue of $231K, expenses of $226K, and assets of $6K (revenue +71.2% year-over-year).
- 2011: Revenue of $135K, expenses of $136K, and assets of $100.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Siop Foundation Inc:
Data Sources and Methodology
This transparency report for Siop Foundation 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.