Quick charity verification for Minerva Foundation Inc (EIN: 201836334)
Verdict: Minerva Foundation Inc appears trustworthy
85/100Mission Score
$10.3MRevenue
$11.2MAssets
2Red Flags
4Strengths
Red Flags
Negative revenue reported in the latest fiscal period (202310) without immediate explanation.
Significant year-over-year revenue volatility, making future income less predictable.
Strengths
Consistent asset growth over the past decade, from $5.3M to $10.2M.
Zero reported officer compensation across all filings, indicating efficient use of funds or strong volunteer support.
Low liabilities reported across all periods, suggesting strong financial health and minimal debt.
Expenses consistently well below revenue in most years, allowing for asset accumulation.
Spending Breakdown
How Minerva 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 Minerva Foundation Inc
Is Minerva Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Minerva Foundation Inc (EIN: 201836334) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Minerva Foundation Inc a good charity to donate to?
Minerva Foundation Inc has a Mission Score of 85/100. Revenue: $10.3M. Assets: $11.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Minerva Foundation Inc?
The Employer Identification Number (EIN) for Minerva Foundation Inc is 201836334. 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 Minerva Foundation Inc spend its money?
Minerva Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Minerva Foundation Inc's tax-exempt status?
You can verify Minerva Foundation Inc's tax-exempt status using EIN 201836334 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
Minerva Foundation Inc. demonstrates a generally strong financial position with significant assets relative to its annual expenses. The organization has shown substantial growth in assets over the past decade, from $5.3 million in 2011 to over $10 million in 2023. While the 2023 fiscal period reported negative revenue of -$822,943, this appears to be an anomaly following a strong revenue year in 2022 ($3.5 million) and does not seem to have significantly impacted its overall asset base. The consistent reporting of zero officer compensation across all filings indicates a high degree of transparency regarding executive pay, or that executive compensation is not a significant expense for the organization. The organization's spending efficiency appears robust, with expenses consistently well below revenue in most years, allowing for asset accumulation. The low liabilities reported across all periods also suggest sound financial management.