Is My Fathers Storehouse Legit?

Strengths

Significant and consistent revenue growth, from $199,902 in 2019 to $1,566,988 in 2023.
Zero reported officer compensation across all filings, indicating high dedication of resources to mission.
Consistent positive net income (revenue exceeding expenses) in recent years, contributing to asset growth.
Substantial growth in assets, from $69,325 in 2019 to $769,391 in 2023, enhancing financial stability.
Strong program focus implied by the absence of officer compensation and healthy financial surpluses.

Spending Breakdown

How My Fathers Storehouse allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 My Fathers Storehouse

Is My Fathers Storehouse a legitimate charity?

Based on AI analysis of IRS 990 filings, My Fathers Storehouse (EIN: 10787966) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is My Fathers Storehouse a good charity to donate to?

My Fathers Storehouse has a Mission Score of 92/100. Revenue: $1.9M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for My Fathers Storehouse?

The Employer Identification Number (EIN) for My Fathers Storehouse is 10787966. 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 My Fathers Storehouse spend its money?

My Fathers Storehouse allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify My Fathers Storehouse's tax-exempt status?

You can verify My Fathers Storehouse's tax-exempt status using EIN 10787966 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

My Fathers Storehouse demonstrates strong financial growth and a commendable commitment to its program services. Over the past five years, the organization has seen its revenue surge from $199,902 in 2019 to $1,566,988 in 2023, indicating increasing support and operational scale. A significant strength is the consistent reporting of 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator of resource allocation directly to mission. The organization's assets have also grown substantially, from $69,325 in 2019 to $769,391 in 2023, reflecting increasing financial stability.

While the filings consistently show a healthy surplus of revenue over expenses, with the latest period (2023) reporting $1,566,988 in revenue against $1,169,858 in expenses, detailed breakdowns of program, administrative, and fundraising expenses are not explicitly provided in the summary data. This lack of granular detail makes a precise assessment of spending efficiency challenging. However, the overall financial trajectory suggests effective management of increasing resources. The consistent growth in assets and revenue, coupled with zero reported officer compensation, points towards a financially healthy and mission-focused organization.

To fully assess transparency and spending efficiency, more detailed expense breakdowns would be beneficial. Without specific figures for program, administrative, and fundraising costs, the exact proportion of funds directly reaching beneficiaries versus supporting overhead remains an estimation. Nevertheless, the available data paints a picture of a growing and fiscally responsible nonprofit that prioritizes its mission by not allocating funds to officer compensation.

Verdict: My Fathers Storehouse appears trustworthy

Red Flags