Is Myers Vitkin Foundation Inc Legit? —…

Spending Breakdown

How Myers Vitkin Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

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 Myers Vitkin Foundation Inc

Is Myers Vitkin Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Myers Vitkin Foundation Inc (EIN: 131777780) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.

Is Myers Vitkin Foundation Inc a good charity to donate to?

Myers Vitkin Foundation Inc has a Mission Score of 65/100. Revenue: $44K. Assets: $88K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Myers Vitkin Foundation Inc?

The Employer Identification Number (EIN) for Myers Vitkin Foundation Inc is 131777780. 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 Myers Vitkin Foundation Inc spend its money?

Myers Vitkin Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Myers Vitkin Foundation Inc's tax-exempt status?

You can verify Myers Vitkin Foundation Inc's tax-exempt status using EIN 131777780 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 Myers Vitkin Foundation Inc. appears to be a small, private foundation with a consistent pattern of spending more than it brings in through revenue. Over the past decade, its assets have steadily declined from $262,082 in 2012 to $99,668 in 2024, indicating it is drawing down its principal to cover expenses. For instance, in the latest period (202403), the organization reported revenue of $20,149 against expenses of $31,360, a deficit of over $11,000. This operational model, while not inherently problematic for a foundation with a finite lifespan or specific disbursement goals, suggests a reliance on existing assets rather than sustainable fundraising.

The organization demonstrates good transparency by consistently filing its IRS Form 990s. A notable positive is the complete absence of officer compensation reported across all available filings, which suggests that administrative costs are kept very low, or that leadership is entirely volunteer-based. However, without a detailed breakdown of expenses (e.g., program vs. administrative vs. fundraising) within the provided data, a precise assessment of spending efficiency is challenging. The consistent decline in assets, coupled with expenses regularly exceeding revenue, warrants attention regarding its long-term financial viability if this trend continues.

Is Myers Vitkin Foundation Inc Legit?

Verdict: Myers Vitkin Foundation Inc shows mixed signals

Red Flags

Strengths