The Side Out Foundation
The Side Out Foundation maintains stable revenue and assets with no reported officer compensation, despite occasional operating deficits.
EIN: 202510044 · Fairfax, VA · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.9M |
| Transparency Score | 85/100 |
Is The Side Out Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Side Out Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Side Out Foundation
The Side Out Foundation (EIN: 202510044) is a nonprofit organization based in Fairfax, VA, classified under NTEE code B11. The organization reported total revenue of $1.5M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Side Out Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Side Out Foundation is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$172K |
| Total Assets | $2.1M |
| Total Liabilities | $247K |
| Net Assets | $1.9M |
| Operating Margin | 12.7% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 21.4 months |
Financial Health Grade: A
In 2024, The Side Out Foundation reported a surplus of $172K with revenue exceeding expenses, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Side Out Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.5% | -11.9% | -0.1% |
| 2023 | +8.0% | +6.3% | +7.7% |
| 2022 | +186.4% | +10.8% | -3.0% |
| 2021 | -71.5% | -24.0% | -30.5% |
| 2020 | +3.8% | +11.7% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Side Out 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: 80%
- fundraising: 10%
According to IRS 990 filings, The Side Out Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $172K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.7%.
Executive Compensation Analysis
The Side Out Foundation consistently reports 0% officer compensation across all 14 available IRS 990 filings, indicating that its leadership is either entirely volunteer or compensated in a manner not categorized as officer pay, which is highly unusual for an organization with over $1 million in annual revenue.
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 The Side Out Foundation's IRS 990 filings:
- Significant operating deficit in 2021 ($398,419 revenue vs. $1,146,091 expenses) indicates potential vulnerability to revenue fluctuations.
- Inconsistent annual revenue, with a sharp drop in 2021, could signal reliance on specific fundraising events or grants that are not always stable.
Strengths
The following positive indicators were identified for The Side Out Foundation:
- Consistent IRS 990 filing history (14 filings) demonstrates strong transparency and compliance.
- 0% officer compensation reported across all filings is an exceptional indicator of financial efficiency and dedication to mission.
- Healthy asset base, consistently over $2 million, provides financial resilience.
- Generally stable revenue streams, averaging over $1 million annually, support ongoing operations.
- Low liabilities relative to assets (e.g., $246,571 liabilities vs. $2,115,644 assets in 2024) indicates good financial management.
Frequently Asked Questions about The Side Out Foundation
Is The Side Out Foundation a legitimate charity?
The Side Out Foundation (EIN: 202510044) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Side Out Foundation spend its money?
The Side Out Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Side Out Foundation tax-deductible?
The Side Out Foundation is registered as a tax-exempt nonprofit (EIN: 202510044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Side Out Foundation CEO make?
The Side Out Foundation's highest-compensated officer earns $1 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Side Out Foundation's spending goes to programs?
The Side Out Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Side Out Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Side Out Foundation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Side Out Foundation located?
The Side Out Foundation is headquartered in Fairfax, Virginia and files with the IRS under EIN 202510044. It is classified under NTEE code B11.
How many years of IRS 990 filings does The Side Out Foundation have?
The Side Out Foundation 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 $1.5M in total revenue.
Is The Side Out Foundation a good charity?
Based on the available data, The Side Out Foundation appears to be a good charity. It consistently files its IRS 990s, maintains stable assets, and notably reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission. While there have been periods of operating deficits, the overall financial health is sound.
How does The Side Out Foundation manage its executive compensation?
The Side Out Foundation reports 0% officer compensation in all 14 available IRS 990 filings. This is a significant finding, suggesting that the organization's top leadership may be entirely volunteer or compensated through non-officer roles, which is highly efficient from a donor perspective.
What caused the significant revenue drop in 2021?
In fiscal period 202103, The Side Out Foundation reported revenue of $398,419, a substantial decrease from $1,396,295 in 202003 and $1,141,094 in 202203. The filings do not provide specific reasons for this dip, but it led to a significant operating deficit for that year.
Is The Side Out Foundation financially stable?
Yes, The Side Out Foundation appears financially stable. Despite some annual fluctuations and deficits, it consistently maintains over $2 million in assets (e.g., $2,106,993 currently and $2,115,644 in 2024), providing a strong reserve against operational shortfalls. Revenue has also largely recovered from the 2021 dip.
What is the organization's program spending efficiency?
While specific program spending percentages are not detailed in the provided summary, the general trend of expenses aligning with or slightly exceeding revenue (e.g., $1,188,997 expenses vs. $1,361,469 revenue in 2024) suggests that a significant portion of funds is being utilized for its mission. The 0% officer compensation further implies high efficiency in directing funds to programs rather than administrative overhead.
Filing History
IRS 990 filing history for The Side Out Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Side Out Foundation's revenue has declined by 5.1%, moving from $1.4M to $1.4M. Total assets decreased by 16.2% over the same period, from $2.5M to $2.1M. Total functional expenses rose by 58.6%, from $750K to $1.2M. In its most recent filing year (2024), The Side Out Foundation reported a surplus of $172K, with revenue exceeding expenses. The organization holds $247K in liabilities against $2.1M in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.4M | $1.2M | $2.1M | $247K | — | View 990 |
| 2023 | $1.2M | $1.3M | $2.1M | $420K | — | View 990 |
| 2022 | $1.1M | $1.3M | $2.0M | $152K | — | View 990 |
| 2021 | $398K | $1.1M | $2.0M | $84K | — | View 990 |
| 2020 | $1.4M | $1.5M | $2.9M | $223K | — | View 990 |
| 2019 | $1.3M | $1.3M | $3.1M | $317K | — | View 990 |
| 2018 | $31K | $436K | $3.2M | $357K | — | View 990 |
| 2017 | $1.3M | $1.4M | $3.6M | $348K | — | View 990 |
| 2016 | $1.5M | $897K | $3.4M | $34K | — | View 990 |
| 2015 | $1.4M | $1.0M | $3.2M | $480K | — | View 990 |
| 2014 | $1.6M | $810K | $2.9M | $573K | — | View 990 |
| 2013 | $1.5M | $2.3M | $2.3M | $722K | — | View 990 |
| 2012 | $1.3M | $1.2M | $2.4M | $6K | — | View 990 |
| 2011 | $1.4M | $750K | $2.5M | $302K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.4M, expenses of $1.2M, and assets of $2.1M (revenue +10.5% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $2.1M (revenue +8.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $2.0M (revenue +186.4% year-over-year).
- 2021: Revenue of $398K, expenses of $1.1M, and assets of $2.0M (revenue -71.5% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $2.9M (revenue +3.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $3.1M (revenue +4269.3% year-over-year).
- 2018: Revenue of $31K, expenses of $436K, and assets of $3.2M (revenue -97.7% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $3.6M (revenue -13.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $897K, and assets of $3.4M (revenue +9.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.0M, and assets of $3.2M (revenue -12.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $810K, and assets of $2.9M (revenue +4.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.3M, and assets of $2.3M (revenue +15.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $2.4M (revenue -7.8% year-over-year).
- 2011: Revenue of $1.4M, expenses of $750K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Side Out Foundation:
Data Sources and Methodology
This transparency report for The Side Out 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.