Quick charity verification for Michael J Mungo Foundation Inc (EIN: 134203429)
Verdict: Michael J Mungo Foundation Inc appears trustworthy
92/100Mission Score
$16.0MRevenue
$34.4MAssets
1Red Flags
5Strengths
Red Flags
Specific program spending percentages not explicitly detailed in provided data, requiring deeper dive into full 990 forms.
Strengths
Consistent asset growth, from $3.97M in 2011 to $33.16M in 2023.
Zero officer compensation reported across all available filings.
Very low liabilities, often reported as $1, indicating strong financial stability.
Positive net income (Revenue > Expenses) in most reported periods, contributing to asset growth.
Long history of IRS 990 filings (10 filings), indicating consistent compliance and transparency.
Spending Breakdown
How Michael J Mungo 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 Michael J Mungo Foundation Inc
Is Michael J Mungo Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael J Mungo Foundation Inc (EIN: 134203429) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Michael J Mungo Foundation Inc a good charity to donate to?
Michael J Mungo Foundation Inc has a Mission Score of 92/100. Revenue: $16.0M. Assets: $34.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Michael J Mungo Foundation Inc?
The Employer Identification Number (EIN) for Michael J Mungo Foundation Inc is 134203429. 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 Michael J Mungo Foundation Inc spend its money?
Michael J Mungo Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Michael J Mungo Foundation Inc's tax-exempt status?
You can verify Michael J Mungo Foundation Inc's tax-exempt status using EIN 134203429 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 Michael J Mungo Foundation Inc demonstrates strong financial health and consistent growth in assets over the past decade, increasing from $3.97 million in 2011 to $33.16 million in 2023. The foundation consistently reports zero officer compensation, which is a significant indicator of efficient spending and a commitment to directing funds towards its mission rather than executive salaries. While specific program spending ratios are not detailed in the provided data, the absence of executive compensation suggests a high potential for program efficiency. The foundation's revenue has fluctuated, with a notable peak of $5.62 million in 2012 and a recent high of $4.15 million in 2021, indicating a robust fundraising capacity. The consistent low liabilities, often reported as $1, further underscore a healthy balance sheet and responsible financial management, contributing to overall transparency and trustworthiness.