Quick charity verification for Mill Reef Fund (EIN: 136162947)
Verdict: Mill Reef Fund appears trustworthy
75/100Mission Score
$792KRevenue
$904KAssets
3Red Flags
3Strengths
Red Flags
Significant expense-to-revenue deficits in multiple years (e.g., 2022: $249,708 deficit; 2020: $485,189 deficit)
Volatile revenue streams, making long-term financial planning challenging
Fluctuating asset base, indicating potential instability in reserves or investment performance
Strengths
Consistently low liabilities (typically under $3,000), indicating minimal debt burden
No reported officer compensation, suggesting efficient use of funds for leadership costs
Positive net assets in most reporting periods, demonstrating financial solvency
Spending Breakdown
How Mill Reef Fund allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Mill Reef Fund
Is Mill Reef Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Mill Reef Fund (EIN: 136162947) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Mill Reef Fund a good charity to donate to?
Mill Reef Fund has a Mission Score of 75/100. Revenue: $792K. Assets: $904K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mill Reef Fund?
The Employer Identification Number (EIN) for Mill Reef Fund is 136162947. 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 Mill Reef Fund spend its money?
Mill Reef Fund allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mill Reef Fund's tax-exempt status?
You can verify Mill Reef Fund's tax-exempt status using EIN 136162947 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 Mill Reef Fund demonstrates consistent financial activity, with revenues and expenses fluctuating year-to-year but generally maintaining a positive net asset position. For instance, in 2023, the organization reported revenues of $690,290 against expenses of $593,596, indicating a surplus. However, there have been periods of significant deficits, such as in 2022 where expenses ($864,778) substantially exceeded revenues ($615,070), and in 2020 where expenses ($976,514) were nearly double the revenues ($491,325). This volatility suggests a need for careful financial planning and potentially more stable funding sources.
The organization's assets have also shown variability, peaking at $1,241,186 in 2019 and currently standing at $903,810. Liabilities have remained consistently low, typically under $3,000, which is a positive indicator of financial stability and minimal debt burden. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or that compensation is not reported in a way that is easily discernible as 'officer compensation' on the 990, which could impact transparency regarding leadership costs. Overall, while the fund manages to cover its expenses in most years, the significant deficits in certain periods warrant attention regarding long-term sustainability.