Is Myotonic Dystrophy Foundation Legit? —…

Quick charity verification for Myotonic Dystrophy Foundation (EIN: 205014628)

Spending Breakdown

How Myotonic Dystrophy Foundation allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

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 Myotonic Dystrophy Foundation

Is Myotonic Dystrophy Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Myotonic Dystrophy Foundation (EIN: 205014628) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Myotonic Dystrophy Foundation a good charity to donate to?

Myotonic Dystrophy Foundation has a Mission Score of 85/100. Revenue: $3.9M. Assets: $5.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Myotonic Dystrophy Foundation?

The Employer Identification Number (EIN) for Myotonic Dystrophy Foundation is 205014628. 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 Myotonic Dystrophy Foundation spend its money?

Myotonic Dystrophy Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Myotonic Dystrophy Foundation's tax-exempt status?

You can verify Myotonic Dystrophy Foundation's tax-exempt status using EIN 205014628 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 Myotonic Dystrophy Foundation demonstrates a generally stable financial position with consistent revenue generation over the past decade, though recent years show some volatility. In 2023, the organization reported expenses of $3,791,128 against revenue of $2,448,480, indicating a deficit for the year. This contrasts with 2022, where revenue of $2,774,035 exceeded expenses of $2,506,145. The organization's assets have grown significantly over time, from $1,642,464 in 2014 to $5,467,413 in 2023, suggesting good long-term asset management. However, the increase in liabilities to $1,465,481 in 2023, up from $786,638 in 2021, warrants closer examination to understand the nature of these obligations.

Spending efficiency appears to be a mixed picture. While the organization has generally maintained a healthy program spending ratio (estimated at 75%), the deficit in 2023 where expenses outstripped revenue by over $1.3 million is a concern for short-term financial health. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice is highly commendable and suggests a volunteer-led or very low-paid executive structure.

Overall, the foundation exhibits strong transparency regarding executive compensation and a history of asset growth. However, the recent deficit in 2023 and increasing liabilities suggest a need for careful monitoring of expenditure relative to incoming funds to ensure long-term sustainability. The organization's ability to manage these fluctuations will be key to its continued financial health and impact.

Is Myotonic Dystrophy Foundation Legit?

Verdict: Myotonic Dystrophy Foundation appears trustworthy

Red Flags

Strengths