Quick charity verification for Melmac Education Foundation (EIN: 10390854)
Verdict: Melmac Education Foundation appears trustworthy
85/100Mission Score
$2.1MRevenue
$38.7MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits in the last two fiscal years (2023 and 2022), where expenses exceeded revenue.
Unusually high revenue in 2021 ($8,545,235) compared to other years, which could indicate reliance on one-time events or significant investment gains that are not consistently repeatable.
Strengths
Substantial and growing asset base, reaching $44,977,183 in 2023, providing financial stability.
Consistent reporting of 0% officer compensation across all filings, indicating a strong commitment to mission-focused spending.
Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
Spending Breakdown
How Melmac Education 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 Melmac Education Foundation
Is Melmac Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Melmac Education Foundation (EIN: 10390854) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Melmac Education Foundation a good charity to donate to?
Melmac Education Foundation has a Mission Score of 85/100. Revenue: $2.1M. Assets: $38.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Melmac Education Foundation?
The Employer Identification Number (EIN) for Melmac Education Foundation is 10390854. 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 Melmac Education Foundation spend its money?
Melmac Education Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Melmac Education Foundation's tax-exempt status?
You can verify Melmac Education Foundation's tax-exempt status using EIN 10390854 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 Melmac Education Foundation demonstrates a generally stable financial position with substantial assets, averaging over $40 million in recent years. However, the organization has consistently spent more than it brought in during the last two fiscal periods (2023: expenses $2,780,001 vs. revenue $2,302,158; 2022: expenses $2,999,998 vs. revenue $2,293,540), indicating a reliance on prior year surpluses or investment income not captured in the 'Revenue' line item. The significant spike in revenue in 2021 ($8,545,235) suggests a large one-time contribution or investment gain, which temporarily boosted its financial health. The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, and the reported 0% officer compensation across all filings indicates a commitment to directing funds towards its mission rather than executive salaries. While the consistent operating deficits in recent years warrant attention, the substantial asset base provides a buffer.