Is Myasthenia Gravis Foundation Of America Inc Legit?
Quick charity verification for Myasthenia Gravis Foundation Of America Inc (EIN: 135672224)
Verdict: Myasthenia Gravis Foundation Of America Inc appears trustworthy
85/100Mission Score
$6.3MRevenue
$13.6MAssets
1Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation may warrant further inquiry to understand the full executive compensation structure if any exists outside of this reporting category.
Strengths
Consistent asset growth from $6.4M in 2015 to $12.0M in 2023, indicating strong financial health.
Healthy asset-to-liability ratio, demonstrating robust financial reserves (e.g., $12M assets vs. $1.4M liabilities in 2023).
No reported officer compensation across all available filings, suggesting efficient use of funds for mission-related activities.
Revenue growth over the past decade, indicating increasing donor support and program reach.
Consistent filing of IRS Form 990s, demonstrating transparency and accountability.
Spending Breakdown
How Myasthenia Gravis Foundation Of America Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Myasthenia Gravis Foundation Of America Inc
Is Myasthenia Gravis Foundation Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Myasthenia Gravis Foundation Of America Inc (EIN: 135672224) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Myasthenia Gravis Foundation Of America Inc a good charity to donate to?
Myasthenia Gravis Foundation Of America Inc has a Mission Score of 85/100. Revenue: $6.3M. Assets: $13.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Myasthenia Gravis Foundation Of America Inc?
The Employer Identification Number (EIN) for Myasthenia Gravis Foundation Of America Inc is 135672224. 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 Myasthenia Gravis Foundation Of America Inc spend its money?
Myasthenia Gravis Foundation Of America Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Myasthenia Gravis Foundation Of America Inc's tax-exempt status?
You can verify Myasthenia Gravis Foundation Of America Inc's tax-exempt status using EIN 135672224 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 Myasthenia Gravis Foundation Of America Inc (MGFA) demonstrates a generally stable financial position with consistent asset growth over the past decade, increasing from $6.4 million in 2015 to $12.0 million in 2023. Revenue has fluctuated but shown an upward trend, peaking at $4.3 million in 2022 before a slight dip to $3.5 million in 2023. The organization has maintained a healthy reserve, with assets significantly exceeding liabilities, indicating good financial stewardship and resilience.
In terms of spending efficiency, the MGFA has consistently managed its expenses relative to its revenue. For instance, in 2023, expenses were $3,580,103 against revenues of $3,555,325, showing spending closely aligned with income. The organization's commitment to transparency is strong, as evidenced by its consistent filing of IRS Form 990s, which are publicly available. The reported 0% officer compensation across all available filings is a notable indicator of potential volunteer leadership or very low executive pay, which could be a positive sign for donors.
Overall, the MGFA appears to be a financially sound organization with a clear history of growth and responsible management. Its consistent asset accumulation and the absence of reported officer compensation suggest a focus on its mission and efficient use of resources. Donors can generally be confident in the organization's financial health and its ability to sustain its operations.