Quick charity verification for Metropolitan Oval Foundation Inc (EIN: 134035082)
Verdict: Metropolitan Oval Foundation Inc appears trustworthy
85/100Mission Score
$2.4MRevenue
$2.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in executive remuneration or an unusual operational model.
Increasing liabilities, reaching $1,090,316 in 2023, which, while covered by assets, represents a significant portion of their balance sheet.
Strengths
Consistent and significant revenue growth, from $525,225 in 2014 to over $2 million in 2023, demonstrating increasing support and operational scale.
Steady growth in assets, from $1,157,609 in 2014 to $2,227,323 in 2023, indicating strong financial health and resource accumulation.
Expenses generally track closely with revenue, suggesting efficient management of resources without excessive surpluses or deficits over the long term.
Long filing history (13 filings) indicates consistent compliance and operational longevity.
Spending Breakdown
How Metropolitan Oval Foundation Inc 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 Metropolitan Oval Foundation Inc
Is Metropolitan Oval Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Metropolitan Oval Foundation Inc (EIN: 134035082) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Metropolitan Oval Foundation Inc a good charity to donate to?
Metropolitan Oval Foundation Inc has a Mission Score of 85/100. Revenue: $2.4M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Metropolitan Oval Foundation Inc?
The Employer Identification Number (EIN) for Metropolitan Oval Foundation Inc is 134035082. 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 Metropolitan Oval Foundation Inc spend its money?
Metropolitan Oval Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Metropolitan Oval Foundation Inc's tax-exempt status?
You can verify Metropolitan Oval Foundation Inc's tax-exempt status using EIN 134035082 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
Metropolitan Oval Foundation Inc. demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating financial stability and increasing capacity. In the latest period (202308), the organization reported revenues of $2,031,592 against expenses of $2,093,061, showing a slight operational deficit for the year, though this is not uncommon for growing nonprofits. Their assets have steadily increased from $1,157,609 in 2014 to $2,227,323 in 2023, suggesting sound financial management and accumulation of resources. The organization's liabilities have also increased, reaching $1,090,316 in 2023, which warrants monitoring to ensure it remains manageable relative to assets.
Spending efficiency appears reasonable, with expenses generally tracking closely with revenue, preventing excessive surpluses or deficits over time. A notable aspect of their financial structure is the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which could be a sign of strong donor trust and efficient use of funds, or an area requiring further clarification for complete transparency. The absence of reported officer compensation is a significant factor in assessing their operational efficiency and commitment to program spending.
Overall, Metropolitan Oval Foundation Inc. appears to be a financially stable organization with a clear growth trajectory. Their consistent asset growth and the absence of reported officer compensation are positive indicators for financial health and potential program impact. However, the increasing liabilities and the slight operational deficit in the latest year suggest a need for continued vigilance in financial planning. Further details on program spending breakdown would enhance the assessment of their spending efficiency and direct impact.