Is Friends Of Mexican Development Foundation Legit?
Quick charity verification for Friends Of Mexican Development Foundation (EIN: 133249351)
Verdict: Friends Of Mexican Development Foundation appears trustworthy
85/100Mission Score
$862KRevenue
$590KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
Consistent reporting of 0% officer compensation across all filings.
Strong asset growth, particularly from $74,775 in 2020 to $506,821 in 2023.
Healthy operating surplus in 2023, with revenue ($793,319) significantly exceeding expenses ($477,299).
Low liabilities, indicating minimal debt and strong financial health.
Consistent IRS 990 filing history demonstrates transparency and compliance.
Spending Breakdown
How Friends Of Mexican Development Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Mexican Development Foundation
Is Friends Of Mexican Development Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Mexican Development Foundation (EIN: 133249351) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Friends Of Mexican Development Foundation a good charity to donate to?
Friends Of Mexican Development Foundation has a Mission Score of 85/100. Revenue: $862K. Assets: $590K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Mexican Development Foundation?
The Employer Identification Number (EIN) for Friends Of Mexican Development Foundation is 133249351. 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 Mexican Development Foundation spend its money?
Friends Of Mexican Development Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Mexican Development Foundation's tax-exempt status?
You can verify Friends Of Mexican Development Foundation's tax-exempt status using EIN 133249351 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 Mexican Development Foundation demonstrates a generally healthy financial position with consistent revenue generation over the past few years, averaging around $800,000 annually from 2021-2023. The organization has shown strong financial management in 2023, with revenues of $793,319 significantly exceeding expenses of $477,299, leading to a substantial increase in assets to $506,821. This indicates a positive operating surplus and a growing reserve. The organization's transparency is commendable given its consistent filing of IRS Form 990s and the explicit reporting of 0% officer compensation across all available periods, which suggests a volunteer-led or very lean executive structure. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The significant fluctuation in revenue and expenses in earlier years (e.g., $1,203,630 revenue in 2020 vs. $113,601 in 2019) suggests variability in funding or project cycles, which is not uncommon for smaller nonprofits.