Quick charity verification for Meike Family Foundation Inc (EIN: 208543692)
Verdict: Meike Family Foundation Inc has notable concerns
35/100Mission Score
$256Revenue
$172KAssets
4Red Flags
2Strengths
Red Flags
Consistent and significant negative net income (expenses far exceeding revenue) across multiple years, e.g., $256 revenue vs. $51,850 expenses in 2021.
Unclear funding model given minimal reported revenue and substantial expenses.
Assets have decreased significantly from $287,847 in 2019 to $171,807 in 2021, suggesting asset depletion to cover operational costs.
High expense-to-revenue ratio, indicating potential operational inefficiency or reliance on non-revenue funding sources.
Strengths
Zero reported officer compensation, indicating a volunteer-driven leadership.
Maintains a significant asset base ($171,807 in 2021) despite operational deficits.
Spending Breakdown
How Meike Family Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
20%
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 Meike Family Foundation Inc
Is Meike Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Meike Family Foundation Inc (EIN: 208543692) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
Is Meike Family Foundation Inc a good charity to donate to?
Meike Family Foundation Inc has a Mission Score of 35/100. Revenue: $256. Assets: $172K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Meike Family Foundation Inc?
The Employer Identification Number (EIN) for Meike Family Foundation Inc is 208543692. 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 Meike Family Foundation Inc spend its money?
Meike Family Foundation Inc allocates 75% to programs, 20% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Meike Family Foundation Inc's tax-exempt status?
You can verify Meike Family Foundation Inc's tax-exempt status using EIN 208543692 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
The Meike Family Foundation Inc. exhibits significant financial instability and operational challenges based on its IRS 990 filings. In 2021, the organization reported revenue of only $256 against expenses of $51,850, indicating a substantial deficit. This trend of expenses far exceeding revenue is consistent across multiple years, notably in 2019 where revenue was $1,747 and expenses were $301,195, and in 2020 with $223 in revenue against $59,500 in expenses. While the organization maintains assets of $171,807 in 2021, the consistent and large negative net income raises concerns about its long-term sustainability and ability to fund its mission effectively. The lack of reported officer compensation across all filings suggests a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial picture points to an organization struggling to cover its operational costs through its stated revenue streams.
The foundation's financial health appears precarious, with a consistent pattern of spending significantly more than it brings in. This could be indicative of a reliance on drawing down assets or receiving large, infrequent donations not reflected in annual revenue figures, or simply an unsustainable operational model. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is making grants, but the filings do not provide sufficient detail to assess the efficiency of its grantmaking or administrative overhead. The low revenue figures make it difficult to assess spending efficiency in traditional terms, as even minimal expenses would represent a high percentage of income. The organization's transparency is adequate in terms of filing its 990s, but the financial data itself raises more questions than it answers regarding its operational viability.