Is Friends Of Mayanot Institute Inc Legit?

Quick charity verification for Friends Of Mayanot Institute Inc (EIN: 113348050)

Verdict: Friends Of Mayanot Institute Inc appears trustworthy

70/100Mission Score

$5.2MRevenue

$1.3MAssets

4Red Flags

3Strengths

Red Flags

Frequent operating deficits (expenses exceeding revenue), as seen in 2023, 2022, 2018, 2016, 2015, and 2014.
Significant volatility in annual revenue and expenses, making long-term financial planning appear inconsistent.
Large fluctuations in liabilities, indicating potential periods of high debt or financial instability.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes a precise spending efficiency analysis difficult.

Strengths

Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds away from executive salaries.
Growth in assets over the long term, from $18,001 in 2015 to $702,230 in 2023, despite financial volatility.
Ability to manage and reduce liabilities from a high of $876,757 in 2016 to $174,236 in 2023.

Spending Breakdown

How Friends Of Mayanot Institute Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Friends Of Mayanot Institute Inc

Is Friends Of Mayanot Institute Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Friends Of Mayanot Institute Inc (EIN: 113348050) appears trustworthy. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.

Is Friends Of Mayanot Institute Inc a good charity to donate to?

Friends Of Mayanot Institute Inc has a Mission Score of 70/100. Revenue: $5.2M. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friends Of Mayanot Institute Inc?

The Employer Identification Number (EIN) for Friends Of Mayanot Institute Inc is 113348050. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Friends Of Mayanot Institute Inc spend its money?

Friends Of Mayanot Institute Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friends Of Mayanot Institute Inc's tax-exempt status?

You can verify Friends Of Mayanot Institute Inc's tax-exempt status using EIN 113348050 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Friends Of Mayanot Institute Inc. demonstrates inconsistent financial performance over the past decade, with significant fluctuations in revenue and expenses. For instance, revenue peaked at $4,413,262 in 2019 and $4,053,714 in 2021, but dropped to $1,632,197 in 2020 and $2,199,590 in 2023. The organization has frequently operated with expenses exceeding revenue, as seen in 2023 ($2,589,560 expenses vs. $2,199,590 revenue) and 2015 ($3,058,927 expenses vs. $2,296,440 revenue), indicating potential reliance on prior year surpluses or debt. While assets have shown growth, reaching $1,090,366 in 2022, they also experienced a dip to $702,230 in 2023, suggesting variability in financial stability.

The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent reporting of 0% officer compensation across all available filings is a positive indicator of resource allocation towards the mission rather than executive salaries. The significant fluctuations in liabilities, from $10,022 in 2014 to $876,757 in 2016, and then down to $174,236 in 2023, suggest periods of substantial debt or financial obligations that have since been managed or reduced. The lack of reported officer compensation enhances transparency regarding leadership costs.

Overall, Friends Of Mayanot Institute Inc. appears to be a lean organization in terms of executive pay, which is commendable. However, the volatility in its financial results, particularly the frequent deficits and fluctuating asset base, warrants closer examination of its long-term sustainability and funding model. While the absence of officer compensation is a strong point for transparency, a clearer picture of functional expenses would provide a more complete assessment of spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.