Quick charity verification for Mtc Foundation (EIN: 201394977)
Verdict: Mtc Foundation has notable concerns
10/100Mission Score
$5KRevenue
$12KAssets
4Red Flags
1Strengths
Red Flags
Consistent reporting of $1 in revenue despite incurring expenses (e.g., $1,608 in 2023, $1,831 in 2022), indicating a significant reporting discrepancy or unsustainable financial model.
Steady decline in assets from $148,991 in 2011 to $83,950 in 2023, suggesting the organization is liquidating assets to cover costs.
Lack of detailed expense breakdown makes it impossible to determine program spending efficiency.
High liabilities relative to reported revenue (e.g., $6,371 in liabilities in 2023 with $1 revenue).
Strengths
No officer compensation reported across all filings, indicating that executive pay is not a drain on resources.
Spending Breakdown
How Mtc Foundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Mtc Foundation
Is Mtc Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mtc Foundation (EIN: 201394977) has notable concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
Is Mtc Foundation a good charity to donate to?
Mtc Foundation has a Mission Score of 10/100. Revenue: $5K. Assets: $12K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mtc Foundation?
The Employer Identification Number (EIN) for Mtc Foundation is 201394977. 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 Mtc Foundation spend its money?
Mtc Foundation allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mtc Foundation's tax-exempt status?
You can verify Mtc Foundation's tax-exempt status using EIN 201394977 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
Mtc Foundation exhibits a concerning financial pattern, consistently reporting negligible revenue (often $1) against varying expenses over the past decade. For instance, in 2023, it reported $1 in revenue against $1,608 in expenses, and in 2022, $1 in revenue against $1,831 in expenses. This suggests the organization is either not actively fundraising or its primary funding sources are not being accurately reflected as revenue in its 990 filings, which raises significant questions about its operational sustainability and financial transparency. The organization's assets have also shown a steady decline from $148,991 in 2011 to $83,950 in 2023, while liabilities have fluctuated, reaching $6,371 in 2023. Without substantial reported revenue, the organization's ability to cover its expenses and maintain its asset base is questionable.
The spending efficiency is difficult to assess accurately due to the lack of detailed expense breakdowns in the provided data, but the consistent deficit between reported revenue and expenses is a major red flag. The organization's financial health appears precarious given its reliance on depleting assets or undisclosed funding to cover even modest expenses. The consistent reporting of $1 in revenue across multiple years, despite having expenses, indicates a potential issue with how financial activities are being reported, hindering a clear understanding of its financial operations and overall transparency. The absence of officer compensation is a positive note regarding executive pay, but it does not mitigate the broader financial reporting concerns.