Quick charity verification for Me And My Two Friends Foundationinc (EIN: 204235695)
Verdict: Me And My Two Friends Foundationinc appears trustworthy
92/100Mission Score
$413KRevenue
$88KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
Strong revenue growth from $11,134 in 2011 to $247,118 in 2023.
Positive net income in the latest filing ($247,118 revenue vs. $203,833 expenses).
Growing asset base, reaching $52,182 in 2023, demonstrating financial health.
Consistent IRS 990 filing history, indicating good compliance and transparency.
Spending Breakdown
How Me And My Two Friends Foundationinc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Me And My Two Friends Foundationinc
Is Me And My Two Friends Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Me And My Two Friends Foundationinc (EIN: 204235695) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Me And My Two Friends Foundationinc a good charity to donate to?
Me And My Two Friends Foundationinc has a Mission Score of 92/100. Revenue: $413K. Assets: $88K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Me And My Two Friends Foundationinc?
The Employer Identification Number (EIN) for Me And My Two Friends Foundationinc is 204235695. 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 Me And My Two Friends Foundationinc spend its money?
Me And My Two Friends Foundationinc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Me And My Two Friends Foundationinc's tax-exempt status?
You can verify Me And My Two Friends Foundationinc's tax-exempt status using EIN 204235695 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
Me And My Two Friends Foundationinc demonstrates a generally healthy financial position, particularly in its most recent filing period (202312) where revenue significantly outpaced expenses ($247,118 vs. $203,833), leading to an increase in net assets. The organization has shown substantial growth in revenue, from $11,134 in 2011 to $247,118 in 2023, indicating increasing support for its mission. Its asset base has also grown considerably over time, reaching $52,182 in 2023, suggesting prudent financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial efficiency and a commitment to directing funds towards programmatic activities rather than administrative overhead, which positively impacts its transparency and public trust.
Spending efficiency appears strong, especially given the absence of reported officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall trend of expenses being less than or proportional to revenue suggests responsible spending. The organization's growth trajectory, coupled with its lean operational structure, points to an effective use of donor funds. The relatively low liabilities compared to assets in recent years also indicates good financial stability.
Transparency is high regarding executive compensation, as no officer compensation has been reported. However, without more detailed expense breakdowns (e.g., specific program service expenses vs. other expenses), a full assessment of spending efficiency across different categories is limited. The consistent filing of IRS 990 forms over multiple years demonstrates a commitment to regulatory compliance and public disclosure, enhancing its overall transparency.