Son Shine Corner Inc
Son Shine Corner Inc maintains stable finances with no reported officer compensation.
EIN: 203175538 · Plymouth, MN · NTEE: P33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $249K |
| Total Expenses | $179K |
| Program Spending | 90% |
| Net Assets | $223K |
| Transparency Score | 92/100 |
Is Son Shine Corner Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Son Shine Corner Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Son Shine Corner Inc
Son Shine Corner Inc (EIN: 203175538) is a nonprofit organization based in Plymouth, MN, classified under NTEE code P33. The organization reported total revenue of $249K and total assets of $283K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Son Shine Corner Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Son Shine Corner Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $179K |
| Surplus / Deficit | +$5K |
| Total Assets | $253K |
| Total Liabilities | $30K |
| Net Assets | $223K |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 11.8% |
| Months of Reserves | 17.0 months |
Financial Health Grade: A
In 2023, Son Shine Corner Inc reported a surplus of $5K with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Son Shine Corner Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.9% | -14.3% | +6.3% |
| 2022 | -13.7% | +3.2% | -9.2% |
| 2021 | +47.9% | +3.5% | +15.2% |
| 2020 | -24.6% | -7.1% | +2.2% |
| 2019 | -6.7% | -6.2% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Son Shine Corner Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Son Shine Corner Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.8%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly commendable for an organization of its size, ensuring that all funds are directed towards its programs and operations.
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.
Strengths
The following positive indicators were identified for Son Shine Corner Inc:
- Consistent 0% officer compensation, indicating strong commitment to mission spending.
- Stable financial health with revenues generally covering expenses (e.g., 202306 revenue $183,452 vs. expenses $178,713).
- Healthy and growing asset base, from $106,774 in 201406 to $252,624 in 202306.
- Manageable liabilities relative to assets (e.g., $29,780 liabilities vs. $252,624 assets in 202306).
Frequently Asked Questions about Son Shine Corner Inc
Is Son Shine Corner Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Son Shine Corner Inc (EIN: 203175538) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Son Shine Corner Inc spend its money?
Son Shine Corner Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Son Shine Corner Inc tax-deductible?
Son Shine Corner Inc is registered as a tax-exempt nonprofit (EIN: 203175538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Son Shine Corner Inc's spending goes to programs?
Son Shine Corner Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Son Shine Corner Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Son Shine Corner Inc is above average for NTEE category P33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Son Shine Corner Inc located?
Son Shine Corner Inc is headquartered in Plymouth, Minnesota and files with the IRS under EIN 203175538. It is classified under NTEE code P33.
How many years of IRS 990 filings does Son Shine Corner Inc have?
Son Shine Corner 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 $249K in total revenue.
Is Son Shine Corner Inc a good charity?
Based on the available financial data, Son Shine Corner Inc appears to be a good charity. It demonstrates strong financial health, efficient spending with expenses closely matching revenue, and a notable commitment to its mission by reporting 0% officer compensation across all filings.
How has Son Shine Corner Inc's revenue trended over the last few years?
Son Shine Corner Inc's revenue has fluctuated but remained relatively stable over the last few years. For example, it was $246,991 in 202106, $213,149 in 202206, and $183,452 in 202306, indicating consistent fundraising and operational activity.
What is the organization's asset growth like?
The organization's assets have shown consistent growth, increasing from $106,774 in 201406 to $252,624 in 202306, demonstrating a healthy accumulation of resources over time.
Filing History
IRS 990 filing history for Son Shine Corner Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Son Shine Corner Inc's revenue has declined by 18.5%, moving from $225K to $183K. Total assets increased by 104.7% over the same period, from $123K to $253K. Total functional expenses fell by 26.9%, from $245K to $179K. In its most recent filing year (2023), Son Shine Corner Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $30K in liabilities against $253K in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $223K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $183K | $179K | $253K | $30K | — | View 990 |
| 2022 | $213K | $208K | $238K | $20K | — | View 990 |
| 2021 | $247K | $202K | $262K | $26K | — | View 990 |
| 2020 | $167K | $195K | $227K | $55K | — | — |
| 2019 | $221K | $210K | $222K | $19K | — | View 990 |
| 2018 | $237K | $224K | $214K | $26K | — | View 990 |
| 2017 | $231K | $207K | $201K | $26K | — | View 990 |
| 2016 | $34K | $47K | $150K | $43K | — | View 990 |
| 2015 | $194K | $202K | $141K | $22K | — | View 990 |
| 2014 | $221K | $211K | $107K | $527 | — | View 990 |
| 2013 | $207K | $207K | $116K | $19K | — | View 990 |
| 2012 | $207K | $217K | $113K | $16K | — | View 990 |
| 2011 | $225K | $245K | $123K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $183K, expenses of $179K, and assets of $253K (revenue -13.9% year-over-year).
- 2022: Revenue of $213K, expenses of $208K, and assets of $238K (revenue -13.7% year-over-year).
- 2021: Revenue of $247K, expenses of $202K, and assets of $262K (revenue +47.9% year-over-year).
- 2020: Revenue of $167K, expenses of $195K, and assets of $227K (revenue -24.6% year-over-year).
- 2019: Revenue of $221K, expenses of $210K, and assets of $222K (revenue -6.7% year-over-year).
- 2018: Revenue of $237K, expenses of $224K, and assets of $214K (revenue +2.7% year-over-year).
- 2017: Revenue of $231K, expenses of $207K, and assets of $201K (revenue +587.7% year-over-year).
- 2016: Revenue of $34K, expenses of $47K, and assets of $150K (revenue -82.7% year-over-year).
- 2015: Revenue of $194K, expenses of $202K, and assets of $141K (revenue -12.5% year-over-year).
- 2014: Revenue of $221K, expenses of $211K, and assets of $107K (revenue +7.1% year-over-year).
- 2013: Revenue of $207K, expenses of $207K, and assets of $116K (revenue -0.1% year-over-year).
- 2012: Revenue of $207K, expenses of $217K, and assets of $113K (revenue -8.1% year-over-year).
- 2011: Revenue of $225K, expenses of $245K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Son Shine Corner Inc:
Data Sources and Methodology
This transparency report for Son Shine Corner 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.