Sriver Foundation
Sriver Foundation maintains stable assets despite recent years of expenses exceeding revenue, with no reported officer compensation.
EIN: 203821480 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $485K |
| Total Expenses | $73K |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Sriver Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sriver Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sriver Foundation
Sriver Foundation (EIN: 203821480) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $485K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sriver Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sriver Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $73K |
| Surplus / Deficit | $-25,387 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -53.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 213.0 months |
Financial Health Grade: B
In 2023, Sriver Foundation reported a deficit of $25K with expenses exceeding revenue, holds 213.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Sriver Foundation's revenue has declined at a compound annual growth rate (CAGR) of -12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | -35.7% | -1.9% |
| 2022 | -71.4% | +28.3% | -5.1% |
| 2021 | +238.6% | +10.0% | +4.5% |
| 2020 | -78.1% | -10.1% | -2.7% |
| 2019 | +359.7% | +22.9% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Sriver Foundation with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sriver 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Sriver Foundation consistently reports 0% officer compensation across all available filings, indicating either a volunteer-led executive team or compensation structures that do not fall under this category, which is a strong positive for financial stewardship.
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 Sriver Foundation's IRS 990 filings:
- Consistent trend of expenses exceeding revenue in recent years (e.g., 2023: $73,019 expenses vs. $47,632 revenue; 2022: $113,566 expenses vs. $42,341 revenue), which could deplete assets if sustained without sufficient investment returns.
Strengths
The following positive indicators were identified for Sriver Foundation:
- Strong asset base, consistently over $1.1 million, providing financial stability and capacity for grantmaking.
- Zero reported officer compensation across all filings, indicating excellent financial stewardship and a focus on mission over executive pay.
- Consistent filing history (10 filings), demonstrating transparency and compliance with IRS regulations.
Frequently Asked Questions about Sriver Foundation
Is Sriver Foundation a legitimate charity?
Sriver Foundation (EIN: 203821480) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $485K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Sriver Foundation spend its money?
Sriver Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sriver Foundation tax-deductible?
Sriver Foundation is registered as a tax-exempt nonprofit (EIN: 203821480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sriver Foundation's spending goes to programs?
Sriver Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sriver Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sriver Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sriver Foundation located?
Sriver Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203821480. It is classified under NTEE code T22.
How many years of IRS 990 filings does Sriver Foundation have?
Sriver 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 $485K in total revenue.
How does Sriver Foundation cover its expenses when revenue is less than expenses?
The foundation likely covers shortfalls by drawing from its substantial asset base, which stood at $1,281,813 in the latest period, or from investment income not fully reflected in the 'Revenue' line item for specific years.
What is the primary purpose of Sriver Foundation given its NTEE code T22?
As a Private Grantmaking Foundation (T22), its primary purpose is to make grants to other organizations or individuals to further charitable causes, rather than directly operating programs.
Is the Sriver Foundation financially stable?
Yes, despite some years where expenses exceeded revenue, the foundation maintains a robust asset base of over $1.2 million, indicating strong financial stability.
Filing History
IRS 990 filing history for Sriver Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sriver Foundation's revenue has declined by 79.5%, moving from $232K to $48K. Total assets increased by 7.3% over the same period, from $1.2M to $1.3M. Total functional expenses fell by 94.8%, from $1.4M to $73K. In its most recent filing year (2023), Sriver Foundation reported a deficit of $25K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $73K | $1.3M | $1 | — | View 990 |
| 2022 | $42K | $114K | $1.3M | $1 | — | View 990 |
| 2021 | $148K | $88K | $1.4M | $1 | — | View 990 |
| 2020 | $44K | $80K | $1.3M | $1 | — | View 990 |
| 2019 | $200K | $89K | $1.4M | $1 | — | View 990 |
| 2015 | $44K | $73K | $1.1M | $0 | — | View 990 |
| 2014 | $87K | $72K | $1.2M | $1 | — | View 990 |
| 2013 | $53K | $58K | $1.2M | $0 | — | View 990 |
| 2012 | $34K | $82K | $1.2M | $1 | — | View 990 |
| 2011 | $232K | $1.4M | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $73K, and assets of $1.3M (revenue +12.5% year-over-year).
- 2022: Revenue of $42K, expenses of $114K, and assets of $1.3M (revenue -71.4% year-over-year).
- 2021: Revenue of $148K, expenses of $88K, and assets of $1.4M (revenue +238.6% year-over-year).
- 2020: Revenue of $44K, expenses of $80K, and assets of $1.3M (revenue -78.1% year-over-year).
- 2019: Revenue of $200K, expenses of $89K, and assets of $1.4M (revenue +359.7% year-over-year).
- 2015: Revenue of $44K, expenses of $73K, and assets of $1.1M (revenue -49.7% year-over-year).
- 2014: Revenue of $87K, expenses of $72K, and assets of $1.2M (revenue +62.2% year-over-year).
- 2013: Revenue of $53K, expenses of $58K, and assets of $1.2M (revenue +56.3% year-over-year).
- 2012: Revenue of $34K, expenses of $82K, and assets of $1.2M (revenue -85.3% year-over-year).
- 2011: Revenue of $232K, expenses of $1.4M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sriver Foundation:
Data Sources and Methodology
This transparency report for Sriver 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.