Is Mi Familia Vota Education Fund Legit? —…

Quick charity verification for Mi Familia Vota Education Fund (EIN: 200182824)

Strengths

Consistent 0% officer compensation across all filings, indicating strong commitment to mission over executive pay.
Significant and consistent revenue growth, from $792,457 in 2015 to $7,033,057 in 2023.
Substantial asset accumulation, growing from $923,840 in 2015 to $9,398,375 in 2023, demonstrating financial stability.
Expenses generally align with or are slightly below revenues in recent periods, indicating sound financial management.
Positive net assets in all reported periods, reflecting a healthy financial position.

Spending Breakdown

How Mi Familia Vota Education Fund allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Mi Familia Vota Education Fund

Is Mi Familia Vota Education Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Mi Familia Vota Education Fund (EIN: 200182824) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Mi Familia Vota Education Fund a good charity to donate to?

Mi Familia Vota Education Fund has a Mission Score of 95/100. Revenue: $18.0M. Assets: $9.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mi Familia Vota Education Fund?

The Employer Identification Number (EIN) for Mi Familia Vota Education Fund is 200182824. 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 Mi Familia Vota Education Fund spend its money?

Mi Familia Vota Education Fund allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mi Familia Vota Education Fund's tax-exempt status?

You can verify Mi Familia Vota Education Fund's tax-exempt status using EIN 200182824 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

Mi Familia Vota Education Fund demonstrates a generally healthy financial position with consistent revenue generation, particularly notable in recent years. For example, in 2023, the organization reported revenues of $7,033,057 against expenses of $6,978,337, indicating a balanced operational year. The organization has also shown significant growth in assets, from $1,103,606 in 2014 to $9,398,375 in 2023, suggesting effective asset management and accumulation of reserves. 

The spending efficiency appears strong, as evidenced by the consistent positive net assets and the fact that expenses generally align with or are slightly below revenues in most recent periods. The organization's commitment to its mission is further supported by the reported 0% officer compensation across all available filings, which is a significant indicator of financial transparency and a focus on program delivery rather than executive enrichment. This practice suggests that a very high proportion of funds are directed towards programmatic activities.

While the filings consistently show 0% officer compensation, a more detailed breakdown of program, administrative, and fundraising expenses would provide deeper insight into spending efficiency. However, based on the available data, the organization appears to be financially stable and transparent regarding executive pay, which is a strong positive for donor confidence.

Is Mi Familia Vota Education Fund Legit?

Verdict: Mi Familia Vota Education Fund appears trustworthy

Red Flags