Is Miravida Living Foundation Inc Legit? —…

Quick charity verification for Miravida Living Foundation Inc (EIN: 10938793)

Spending Breakdown

How Miravida Living Foundation Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Miravida Living Foundation Inc

Is Miravida Living Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Miravida Living Foundation Inc (EIN: 10938793) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Miravida Living Foundation Inc a good charity to donate to?

Miravida Living Foundation Inc has a Mission Score of 65/100. Revenue: $306K. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Miravida Living Foundation Inc?

The Employer Identification Number (EIN) for Miravida Living Foundation Inc is 10938793. 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 Miravida Living Foundation Inc spend its money?

Miravida Living Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Miravida Living Foundation Inc's tax-exempt status?

You can verify Miravida Living Foundation Inc's tax-exempt status using EIN 10938793 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

Miravida Living Foundation Inc. exhibits a fluctuating financial performance over the past several years, with significant swings in revenue and expenses. For instance, in 2023, the organization reported revenue of $172,449 against expenses of $675,147, indicating a substantial deficit. This contrasts sharply with 2022, where revenue was $1,656,723 and expenses were $646,101, showing a strong surplus. The organization consistently reports 0% officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, the lack of detailed NTEE code information and the variability in financial outcomes make a precise assessment of spending efficiency challenging without further program-specific data.

The organization's asset base has remained relatively stable, hovering around $4-5 million, with current assets at $4,587,451. The significant increase in liabilities in 2023 to $2,793,000 from $513,546 in 2022 warrants closer examination, as it represents a substantial portion of their assets. While the absence of officer compensation is a strength, the inconsistent financial performance and the recent surge in liabilities suggest potential operational or funding challenges that could impact long-term sustainability. Transparency could be enhanced by providing more context around these financial fluctuations and the nature of the increased liabilities.

Is Miravida Living Foundation Inc Legit?

Verdict: Miravida Living Foundation Inc shows mixed signals

Red Flags

Strengths