Quick charity verification for Mikeys Way Foundation (EIN: 203825973)
Verdict: Mikeys Way Foundation appears trustworthy
92/100Mission Score
$320KRevenue
$344KAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in the last two reported periods (202112 and 202212), which, if sustained, could impact long-term asset growth.
Strengths
Consistent reporting of 0% officer compensation, indicating volunteer leadership.
Maintains zero liabilities across all 13 reported periods, demonstrating strong financial management.
Healthy asset base of $343,754 as of 202212, providing financial cushion.
Long history of IRS 990 filings (13 periods), indicating transparency and compliance.
Strong program focus due to minimal administrative overhead from executive salaries.
Spending Breakdown
How Mikeys Way Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Mikeys Way Foundation
Is Mikeys Way Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mikeys Way Foundation (EIN: 203825973) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Mikeys Way Foundation a good charity to donate to?
Mikeys Way Foundation has a Mission Score of 92/100. Revenue: $320K. Assets: $344K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mikeys Way Foundation?
The Employer Identification Number (EIN) for Mikeys Way Foundation is 203825973. 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 Mikeys Way Foundation spend its money?
Mikeys Way Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mikeys Way Foundation's tax-exempt status?
You can verify Mikeys Way Foundation's tax-exempt status using EIN 203825973 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
Mikeys Way Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. The organization has maintained a healthy asset base, with $343,754 in assets as of the 202212 period, and has consistently reported zero liabilities, indicating strong financial management and no reliance on debt. While revenue has seen some fluctuations, with a peak of $498,708 in 201912 and a more recent $285,211 in 202212, the organization has managed its expenses to remain relatively stable. The absence of officer compensation reported across all filings is a significant indicator of volunteer-driven leadership, which can contribute to a higher percentage of funds being directed towards programs.
The organization's spending efficiency appears to be strong, particularly given the lack of executive compensation. This suggests that a substantial portion of its operational costs are directly related to program delivery and essential administrative functions. The consistent reporting of zero liabilities over many years further underscores its financial prudence and stability. However, the recent trend of expenses exceeding revenue, such as $313,493 in expenses against $285,211 in revenue in 202212, warrants monitoring to ensure long-term sustainability, although this could be due to strategic spending or timing differences in revenue recognition.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods provides a good historical record of its financial activities. The detailed breakdown of revenue, expenses, assets, and liabilities, along with the explicit reporting of 0% officer compensation, offers a clear picture of its financial operations. This level of consistent disclosure, combined with the apparent dedication to program delivery through volunteer leadership, positions Mikeys Way Foundation as a financially sound and transparent nonprofit.