Sisung Foundation
Sisung Foundation maintains substantial assets despite volatile revenue and negative income in recent years.
EIN: 202075762 · New Orleans, LA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $383 |
| Total Expenses | $55K |
| Program Spending | 80% |
| Net Assets | $923K |
| Transparency Score | 65/100 |
Is Sisung Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sisung Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sisung Foundation
Sisung Foundation (EIN: 202075762) is a nonprofit organization based in New Orleans, LA, classified under NTEE code T20. The organization reported total revenue of $383 and total assets of $779K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sisung Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sisung Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -119.8% | -21.0% | -11.1% |
| 2021 | +542.0% | +706.1% | +29.5% |
| 2020 | -81.1% | -75.5% | +5.1% |
| 2020 | +139.4% | +6.3% | +39.8% |
| 2019 | -12.9% | +25.0% | +28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Sisung Foundation with a Mission Score of 65 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, Sisung Foundation 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 (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive for resource allocation.
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 Sisung Foundation's IRS 990 filings:
- Negative revenue in two reporting periods (2022 and 2011) while still incurring expenses.
- Significant year-over-year revenue volatility, making financial planning challenging.
- Latest reported revenue of $383 is extremely low compared to its $779,342 in assets, indicating potential operational challenges or a specific financial event.
Strengths
The following positive indicators were identified for Sisung Foundation:
- Consistent growth in assets over the long term, from $364,814 in 2011 to $922,667 in 2022.
- 0% officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
- Low liabilities across all reported periods, suggesting good financial management of debt.
Frequently Asked Questions about Sisung Foundation
Is Sisung Foundation a legitimate charity?
Sisung Foundation (EIN: 202075762) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $383. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sisung Foundation spend its money?
Sisung Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sisung Foundation tax-deductible?
Sisung Foundation is registered as a tax-exempt nonprofit (EIN: 202075762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sisung Foundation's spending goes to programs?
Sisung Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sisung Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Sisung 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 Sisung Foundation located?
Sisung Foundation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 202075762. It is classified under NTEE code T20.
How many years of IRS 990 filings does Sisung Foundation have?
Sisung 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 $383 in total revenue.
What caused the negative revenue of $-60,627 in 2022 and $-14,362 in 2011?
Negative revenue often indicates investment losses or significant returns of contributions, which would need further detail from the full 990 filing to understand the specific cause.
How does the Sisung Foundation generate its revenue, given the significant fluctuations?
The wide swings in revenue suggest reliance on investment income, large infrequent donations, or a combination, rather than a stable, recurring funding stream.
What are the specific program activities or grants made by the Sisung Foundation?
As a grantmaking foundation (NTEE T20), understanding the beneficiaries and impact of its grants is crucial for assessing its mission effectiveness, which is not detailed in this summary.
What is the breakdown of the $54,645 in expenses in 2022?
Without a detailed breakdown, it's difficult to ascertain how much of these expenses were directed towards program services versus administrative or other costs, especially given the negative revenue.
How does the foundation plan to address the volatility in its revenue streams?
Consistent negative or highly fluctuating revenue can impact long-term sustainability and planning for grantmaking, suggesting a need for a more stable financial strategy.
Filing History
IRS 990 filing history for Sisung Foundation showing financial trends over 10 years of public records:
Total assets increased by 152.9% over the same period, from $365K to $923K. Total functional expenses rose by 192.2%, from $19K to $55K. The organization holds $1 in liabilities against $923K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $923K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-60,627 | $55K | $923K | $1 | — | View 990 |
| 2021 | $306K | $69K | $1.0M | $1 | — | View 990 |
| 2020 | $48K | $9K | $801K | $0 | — | — |
| 2020 | $252K | $35K | $762K | $1 | — | View 990 |
| 2019 | $105K | $33K | $545K | $1 | — | View 990 |
| 2015 | $121K | $26K | $426K | $0 | — | View 990 |
| 2014 | $33K | $29K | $331K | $0 | — | View 990 |
| 2013 | $3K | $18K | $327K | $0 | — | View 990 |
| 2012 | $1K | $24K | $342K | $0 | — | View 990 |
| 2011 | $-14,362 | $19K | $365K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-60,627, expenses of $55K, and assets of $923K (revenue -119.8% year-over-year).
- 2021: Revenue of $306K, expenses of $69K, and assets of $1.0M (revenue +542.0% year-over-year).
- 2020: Revenue of $48K, expenses of $9K, and assets of $801K (revenue -81.1% year-over-year).
- 2020: Revenue of $252K, expenses of $35K, and assets of $762K (revenue +139.4% year-over-year).
- 2019: Revenue of $105K, expenses of $33K, and assets of $545K (revenue -12.9% year-over-year).
- 2015: Revenue of $121K, expenses of $26K, and assets of $426K (revenue +270.3% year-over-year).
- 2014: Revenue of $33K, expenses of $29K, and assets of $331K (revenue +1000.3% year-over-year).
- 2013: Revenue of $3K, expenses of $18K, and assets of $327K (revenue +126.1% year-over-year).
- 2012: Revenue of $1K, expenses of $24K, and assets of $342K.
- 2011: Revenue of $-14,362, expenses of $19K, and assets of $365K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sisung Foundation:
Data Sources and Methodology
This transparency report for Sisung 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.