Quick charity verification for Mundt Foundation (EIN: 161685856)
Verdict: Mundt Foundation appears trustworthy
92/100Mission Score
$957KRevenue
$1.6MAssets
1Red Flags
4Strengths
Red Flags
Significant revenue volatility, including negative revenue in 2015, which could indicate reliance on unpredictable investment returns or large, infrequent donations.
Strengths
Consistent 0% officer compensation, demonstrating exceptional efficiency and dedication to mission.
Strong asset base relative to liabilities, indicating robust financial health and solvency (e.g., $1,464,169 assets vs. $1 liabilities in 2023).
Low administrative overhead due to lack of executive salaries.
Positive net assets growth over recent years (e.g., from $1,087,964 in 2019 to $1,464,169 in 2023).
Spending Breakdown
How Mundt Foundation 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 Mundt Foundation
Is Mundt Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mundt Foundation (EIN: 161685856) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Mundt Foundation a good charity to donate to?
Mundt Foundation has a Mission Score of 92/100. Revenue: $957K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mundt Foundation?
The Employer Identification Number (EIN) for Mundt Foundation is 161685856. 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 Mundt Foundation spend its money?
Mundt Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mundt Foundation's tax-exempt status?
You can verify Mundt Foundation's tax-exempt status using EIN 161685856 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 Mundt Foundation demonstrates a generally healthy financial position, with assets consistently exceeding liabilities by a significant margin, indicating strong solvency. For instance, in 2023, assets were $1,464,169 against liabilities of $1. The organization's revenue has fluctuated considerably over the years, with a notable peak of $6,157,066 in 2014, followed by a significant negative revenue in 2015. More recently, revenue has been in the hundreds of thousands, such as $259,014 in 2023. This volatility suggests reliance on potentially large, infrequent contributions or investment gains/losses. The foundation's spending efficiency appears strong, as evidenced by the consistent absence of officer compensation, indicating that administrative costs related to executive salaries are zero. Program spending cannot be precisely determined without a detailed breakdown of expenses, but the overall expense ratios relative to revenue in recent years (e.g., $131,207 expenses on $259,014 revenue in 2023) suggest a reasonable allocation of resources. The consistent reporting of minimal liabilities and zero officer compensation points to a high degree of financial transparency and a focus on minimizing overhead.