Quick charity verification for Migdol Family Foundation Inc (EIN: 203131138)
Verdict: Migdol Family Foundation Inc shows mixed signals
45/100Mission Score
$160KRevenue
$345KAssets
4Red Flags
2Strengths
Red Flags
Consistent negative revenue in recent periods (e.g., $-21,014 in 2023, $-479 in 2022).
Significant decline in total assets over the past few years (from $442,223 in 2019 to $344,864 in 2023).
Expenses frequently exceeding revenue, indicating an unsustainable financial model.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, hindering full financial analysis.
Strengths
Consistent reporting of 0% officer compensation, indicating no executive salaries or benefits.
Low liabilities reported across all periods ($1), suggesting minimal debt.
Spending Breakdown
How Migdol Family Foundation Inc 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 Migdol Family Foundation Inc
Is Migdol Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Migdol Family Foundation Inc (EIN: 203131138) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Migdol Family Foundation Inc a good charity to donate to?
Migdol Family Foundation Inc has a Mission Score of 45/100. Revenue: $160K. Assets: $345K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Migdol Family Foundation Inc?
The Employer Identification Number (EIN) for Migdol Family Foundation Inc is 203131138. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Migdol Family Foundation Inc spend its money?
Migdol Family Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Migdol Family Foundation Inc's tax-exempt status?
You can verify Migdol Family Foundation Inc's tax-exempt status using EIN 203131138 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Migdol Family Foundation Inc. exhibits concerning financial trends, particularly in recent years. The organization reported negative revenue in both 2023 ($-21,014) and 2022 ($-479), indicating a significant reliance on existing assets or a failure to generate sufficient income to cover expenses. While officer compensation has consistently been reported as 0%, which is a positive for donor confidence, the consistent decline in assets from a peak of $442,223 in 2019 to $344,864 in 2023 suggests a pattern of spending exceeding income. The latest reported revenue of $160,092 for the most recent period, despite the negative revenue in the 2023 filing, requires further clarification to understand the true financial picture. The organization's NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, but without detailed expense breakdowns, it's difficult to assess spending efficiency beyond the overall negative revenue trend.
The foundation's financial health appears to be deteriorating, with assets shrinking and revenue often failing to cover expenses. The lack of detailed expense categories in the provided data makes a precise assessment of spending efficiency challenging. However, the consistent negative revenue in recent periods is a significant red flag. Transparency regarding the specific allocation of expenses (programs, administration, fundraising) is not available in the provided summary, which limits a full evaluation of its operational efficiency. The consistent reporting of zero officer compensation is a positive aspect of its transparency.