Quick charity verification for Midgard Foundation (EIN: 136206619)
Verdict: Midgard Foundation appears trustworthy
75/100Mission Score
$76KRevenue
$2.4MAssets
2Red Flags
3Strengths
Red Flags
Inconsistent revenue generation, with significant year-to-year fluctuations (e.g., $446,533 in 2021 vs. $14,414 in 2015).
Operating deficits in multiple years (e.g., 202312, 201912, 201512, 201412, 201312, 201112), where expenses exceeded revenue.
Strengths
Consistently low liabilities ($0 or $1 across all filings), indicating a strong balance sheet.
Substantial asset base (e.g., $2,364,390 current assets), providing financial stability and potential for long-term impact.
0% officer compensation reported in all filings, demonstrating a commitment to minimizing executive overhead.
Spending Breakdown
How Midgard Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Midgard Foundation
Is Midgard Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Midgard Foundation (EIN: 136206619) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Midgard Foundation a good charity to donate to?
Midgard Foundation has a Mission Score of 75/100. Revenue: $76K. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Midgard Foundation?
The Employer Identification Number (EIN) for Midgard Foundation is 136206619. 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 Midgard Foundation spend its money?
Midgard Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Midgard Foundation's tax-exempt status?
You can verify Midgard Foundation's tax-exempt status using EIN 136206619 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 Midgard Foundation exhibits a fluctuating financial performance over the past decade. While the organization has consistently maintained substantial assets, peaking at $2,364,390, its revenue has been highly inconsistent, ranging from a low of $14,414 in 2015 to a high of $446,533 in 2021. In the most recent filing (202312), expenses ($189,098) exceeded revenue ($147,487), indicating a deficit for that period. The organization's liabilities have consistently been reported as very low ($0 or $1), suggesting a strong balance sheet in terms of debt.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing overhead in this area. The significant asset base relative to annual revenue and expenses indicates a well-endowed foundation, but the variability in revenue and occasional operating deficits warrant closer examination of their funding model and expenditure allocation. The lack of detailed expense categories in the provided data limits a comprehensive assessment of spending efficiency.
Transparency regarding executive compensation is excellent, with 0% reported for officer compensation in all available filings. However, the absence of NTEE code and detailed expense breakdowns in the provided data limits a full transparency assessment. A deeper dive into their full 990 forms would be necessary to understand their program activities and how their expenses are categorized.