Quick charity verification for Memton Fund Inc (EIN: 136096608)
Verdict: Memton Fund Inc appears trustworthy
75/100Mission Score
$3.9MRevenue
$11.4MAssets
2Red Flags
4Strengths
Red Flags
No officer compensation reported despite significant assets, which could indicate compensation through an affiliated entity or a fully volunteer board, requiring further clarification for transparency.
NTEE code is unknown, hindering direct comparison to peer organizations.
Strengths
Strong and growing asset base, consistently over $9 million and reaching $11,365,340.
Minimal liabilities ($0 or $1) across all periods, indicating excellent financial stability.
Consistent operational expenses, suggesting predictable management of resources.
Positive net assets growth over the long term, demonstrating effective financial stewardship.
Spending Breakdown
How Memton Fund Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Memton Fund Inc
Is Memton Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Memton Fund Inc (EIN: 136096608) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Memton Fund Inc a good charity to donate to?
Memton Fund Inc has a Mission Score of 75/100. Revenue: $3.9M. Assets: $11.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Memton Fund Inc?
The Employer Identification Number (EIN) for Memton Fund Inc is 136096608. 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 Memton Fund Inc spend its money?
Memton Fund Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Memton Fund Inc's tax-exempt status?
You can verify Memton Fund Inc's tax-exempt status using EIN 136096608 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
Memton Fund Inc. appears to be a grant-making organization, as indicated by its consistent asset base and fluctuating revenue and expenses, typical of foundations. The organization demonstrates sound financial health with assets consistently over $9 million, reaching $11,365,340 in the latest period. Its revenue has varied significantly year-to-year, from a low of $439,935 in 2013 to a high of $1,346,985 in 2023, suggesting reliance on investment returns or specific funding cycles rather than broad public support. Expenses have remained relatively stable, generally in the $500,000-$800,000 range, indicating consistent operational costs.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, the consistent asset base and the fact that expenses are often lower than revenue (e.g., 2023: Revenue $1,346,985 vs. Expenses $718,359) suggest that the fund is growing its endowment, which can support future grant-making. The absence of reported officer compensation across all filings indicates either a volunteer-led board or compensation is covered by an affiliated entity, which would require further investigation for full transparency. The minimal liabilities ($0 or $1) across all periods indicate a very strong balance sheet and low financial risk.