Quick charity verification for Mion Family Foundation Inc (EIN: 205908645)
Verdict: Mion Family Foundation Inc appears trustworthy
95/100Mission Score
$2.2MRevenue
$7.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $7,145,984 in the latest period.
Zero officer compensation reported across all filings, indicating high efficiency.
Minimal liabilities ($0-$1) across all periods, demonstrating strong financial health.
Positive operating surplus in most recent periods (e.g., $571,050 revenue vs. $363,804 expenses in 202312).
Consistent IRS 990 filing history, indicating good transparency.
Spending Breakdown
How Mion Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Mion Family Foundation Inc
Is Mion Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mion Family Foundation Inc (EIN: 205908645) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Mion Family Foundation Inc a good charity to donate to?
Mion Family Foundation Inc has a Mission Score of 95/100. Revenue: $2.2M. Assets: $7.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mion Family Foundation Inc?
The Employer Identification Number (EIN) for Mion Family Foundation Inc is 205908645. 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 Mion Family Foundation Inc spend its money?
Mion Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mion Family Foundation Inc's tax-exempt status?
You can verify Mion Family Foundation Inc's tax-exempt status using EIN 205908645 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 Mion Family Foundation Inc demonstrates consistent financial stability with growing assets, reaching $7,145,984 in the latest period. The organization has shown a positive trend in revenue, with the latest reported revenue at $2,201,861, significantly higher than previous years. Expenses have generally been well-managed relative to revenue, with the most recent period showing expenses of $363,804 against $571,050 in revenue, indicating a healthy operating surplus. The foundation's liabilities have remained minimal, consistently reported at $1 or $0, which is a strong indicator of financial health and low risk.
The foundation's spending efficiency appears to be very strong, particularly given the reported 0% officer compensation across all available filings. This suggests that a very high proportion of funds are likely directed towards program services or asset growth rather than administrative overhead related to executive salaries. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a significant positive indicator of efficiency.
In terms of transparency, the consistent filing of IRS Form 990s over five periods demonstrates a commitment to public disclosure. The minimal liabilities and lack of officer compensation further enhance the perception of a well-governed and transparent organization, focusing its resources on its mission rather than executive enrichment. The consistent growth in assets, despite some fluctuations in annual revenue, suggests effective long-term financial management.