Quick charity verification for Mission Asset Fund (EIN: 208993652)
Verdict: Mission Asset Fund appears trustworthy
85/100Mission Score
$37.4MRevenue
$27.0MAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility, with a sharp decline from $57.8M in 2021 to $8.8M in 2023, which could indicate reliance on non-recurring funding or program changes.
Expenses ($20.1M in 2023) significantly exceeded revenue ($8.8M in 2023), suggesting reliance on reserves or other funding sources not captured as revenue in that specific period.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency and a focus on mission-related spending.
Maintained substantial asset base ($26,969,177 latest reported, $31,396,965 in 2023) providing financial stability despite revenue fluctuations.
Long history of IRS 990 filings (14 filings), demonstrating consistent compliance and accountability.
Strong financial health in previous years, with significant revenue generation in 2020 ($41.6M) and 2021 ($57.8M).
Spending Breakdown
How Mission Asset Fund allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Mission Asset Fund
Is Mission Asset Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Mission Asset Fund (EIN: 208993652) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Mission Asset Fund a good charity to donate to?
Mission Asset Fund has a Mission Score of 85/100. Revenue: $37.4M. Assets: $27.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mission Asset Fund?
The Employer Identification Number (EIN) for Mission Asset Fund is 208993652. 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 Mission Asset Fund spend its money?
Mission Asset Fund allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mission Asset Fund's tax-exempt status?
You can verify Mission Asset Fund's tax-exempt status using EIN 208993652 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
Mission Asset Fund (MAF) demonstrates a fluctuating but generally strong financial position, with significant revenue spikes in 2020 and 2021, reaching $41.6 million and $57.8 million respectively. While the latest reported revenue for 2023 is $8.8 million, a notable decrease from previous years, the organization has consistently maintained substantial assets, peaking at $54.5 million in 2021. The organization's spending efficiency appears to be a mixed bag; in 2023, expenses ($20.1 million) significantly outstripped revenue ($8.8 million), indicating a reliance on prior year reserves or other funding sources. However, in 2021, MAF generated $57.8 million in revenue against $21.7 million in expenses, suggesting periods of strong financial health and capacity building. The consistent reporting of 0% officer compensation across all available filings indicates a high level of transparency regarding executive pay, suggesting that executive compensation is either very low or covered by other means not categorized as 'officer compensation' on the 990, which is a positive sign for donor confidence.
Further analysis of the 2023 filing shows total expenses of $20,173,222. Without a detailed breakdown of program, administrative, and fundraising expenses for the latest period, it's challenging to precisely assess spending efficiency. However, the consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and a commitment to minimizing overhead in that specific area. The organization's asset base, even with a decrease from $43 million in 2022 to $31.3 million in 2023, remains substantial at $26,969,177 (latest reported asset value), providing a buffer for operations. The significant revenue fluctuations, particularly the drop from $57.8 million in 2021 to $8.8 million in 2023, warrant closer examination to understand the underlying causes and the sustainability of their funding model. Despite these fluctuations, the organization's consistent filing history and the zero officer compensation suggest a commitment to accountability.