Ssb Charitable Foundation
Ssb Charitable Foundation shows highly volatile revenue but consistent zero officer compensation and minimal liabilities.
EIN: 208671537 · Colorado Spgs, CO · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $222K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.0M |
| Transparency Score | 85/100 |
Is Ssb Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ssb Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ssb Charitable Foundation
Ssb Charitable Foundation (EIN: 208671537) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code T22. The organization reported total revenue of $1.8M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ssb Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ssb Charitable Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $597K |
| Total Expenses | $222K |
| Surplus / Deficit | +$375K |
| Total Assets | $7.0M |
| Total Liabilities | $1 |
| Net Assets | $7.0M |
| Operating Margin | 62.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 379.5 months |
Financial Health Grade: A
In 2023, Ssb Charitable Foundation reported a surplus of $375K with revenue exceeding expenses, holds 379.5 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), Ssb Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.3% | -94.9% | +3.2% |
| 2022 | -97.9% | -63.1% | -37.4% |
| 2021 | +126649.5% | +568010.3% | +569.9% |
| 2020 | -94.7% | -99.7% | +0.9% |
| 2019 | +2992.4% | -9.4% | -58.7% |
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 Ssb Charitable 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ssb Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $375K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is exceptional for an organization with assets exceeding $7 million and revenues reaching over $21 million in some years, indicating a strong commitment to directing funds towards its mission.
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 Ssb Charitable Foundation's IRS 990 filings:
- Highly volatile revenue makes long-term financial planning and consistent program delivery potentially challenging.
- Significant expense-to-revenue deficits in multiple years (e.g., 2022: $4.3M expenses vs. $0.4M revenue) indicate reliance on asset drawdowns or prior surpluses.
Strengths
The following positive indicators were identified for Ssb Charitable Foundation:
- Consistent 0% officer compensation demonstrates exceptional dedication to mission and efficient use of funds.
- Minimal liabilities ($1 in most recent filings) indicates strong financial management and low debt burden.
- Substantial and growing asset base (from $6.3M in 2011 to $7M in 2023) provides financial stability and capacity for grantmaking.
- Strong program spending ratio, estimated at 90%, suggests a high proportion of funds directly support charitable activities.
Frequently Asked Questions about Ssb Charitable Foundation
Is Ssb Charitable Foundation a legitimate charity?
Ssb Charitable Foundation (EIN: 208671537) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ssb Charitable Foundation spend its money?
Ssb Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ssb Charitable Foundation tax-deductible?
Ssb Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 208671537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ssb Charitable Foundation CEO make?
Ssb Charitable Foundation's highest-compensated officer earns $7 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ssb Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ssb Charitable 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 Ssb Charitable Foundation located?
Ssb Charitable Foundation is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 208671537. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ssb Charitable Foundation have?
Ssb Charitable 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 $1.8M in total revenue.
How does Ssb Charitable Foundation manage its significant revenue volatility?
The foundation's financial history shows extreme fluctuations in revenue, from $10,228 in 2015 to $21,135,487 in 2021. This suggests reliance on large, infrequent donations or investment gains rather than a steady stream of income. Effective asset management, as evidenced by growing assets from $6.3M in 2011 to $7M in 2023, likely helps buffer these swings.
What is the primary source of the foundation's funding given its NTEE code T22 (Private Grantmaking Foundations)?
As a private grantmaking foundation (NTEE T22), its primary funding would typically come from endowment returns, contributions from founders, or investment income, rather than public fundraising. The large, sporadic revenue spikes support this, suggesting significant contributions or investment gains rather than broad public appeals.
How does the foundation sustain operations during years with high expenses relative to revenue, such as 2022?
In 2022, the foundation reported expenses of $4,384,213 against revenue of $444,491. This significant deficit was likely covered by drawing from its substantial asset base, which stood at $6,806,789 at the end of that period, or from prior years' accumulated surpluses.
Does the Ssb Charitable Foundation engage in any fundraising activities?
Given its NTEE code as a Private Grantmaking Foundation and the consistent 0% officer compensation, it is highly probable that the organization does not engage in public fundraising activities. Its funding model appears to be based on private contributions or endowment management rather than soliciting donations from the general public.
Filing History
IRS 990 filing history for Ssb Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ssb Charitable Foundation's revenue has grown by 1.9%, moving from $586K to $597K. Total assets increased by 10.9% over the same period, from $6.3M to $7.0M. Total functional expenses fell by 63.3%, from $605K to $222K. In its most recent filing year (2023), Ssb Charitable Foundation reported a surplus of $375K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $597K | $222K | $7.0M | $1 | — | — |
| 2022 | $444K | $4.4M | $6.8M | $1 | — | View 990 |
| 2021 | $21.1M | $11.9M | $10.9M | $1 | — | View 990 |
| 2020 | $17K | $2K | $1.6M | $1 | — | View 990 |
| 2019 | $316K | $728K | $1.6M | $1 | — | View 990 |
| 2015 | $10K | $804K | $3.9M | $1 | — | View 990 |
| 2014 | $83K | $607K | $4.7M | $1 | — | View 990 |
| 2013 | $175K | $632K | $5.3M | $1 | — | View 990 |
| 2012 | $61K | $640K | $5.8M | $0 | — | View 990 |
| 2011 | $586K | $605K | $6.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $597K, expenses of $222K, and assets of $7.0M (revenue +34.3% year-over-year).
- 2022: Revenue of $444K, expenses of $4.4M, and assets of $6.8M (revenue -97.9% year-over-year).
- 2021: Revenue of $21.1M, expenses of $11.9M, and assets of $10.9M (revenue +126649.5% year-over-year).
- 2020: Revenue of $17K, expenses of $2K, and assets of $1.6M (revenue -94.7% year-over-year).
- 2019: Revenue of $316K, expenses of $728K, and assets of $1.6M (revenue +2992.4% year-over-year).
- 2015: Revenue of $10K, expenses of $804K, and assets of $3.9M (revenue -87.7% year-over-year).
- 2014: Revenue of $83K, expenses of $607K, and assets of $4.7M (revenue -52.7% year-over-year).
- 2013: Revenue of $175K, expenses of $632K, and assets of $5.3M (revenue +187.0% year-over-year).
- 2012: Revenue of $61K, expenses of $640K, and assets of $5.8M (revenue -89.6% year-over-year).
- 2011: Revenue of $586K, expenses of $605K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ssb Charitable Foundation:
Data Sources and Methodology
This transparency report for Ssb Charitable 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.