Quick charity verification for The Meyer Foundation (EIN: 133317912)
Verdict: The Meyer Foundation appears trustworthy
75/100Mission Score
$19.0MRevenue
$54.7MAssets
4Red Flags
4Strengths
Red Flags
Significant operating deficit in 2023 ($740,534 revenue vs. $3,574,049 expenses).
Large fluctuations in annual revenue, indicating potential instability in funding sources.
Unusually low (0%) reported officer compensation for an organization of this size, potentially obscuring true leadership costs.
Expenses significantly exceeded revenue in 2023, leading to a decrease in assets from $59,000,910 in 2022 to $56,167,395 in 2023.
Strengths
Substantial asset base ($54,675,232 latest, $56,167,395 in 2023) providing financial cushion.
Consistently low liabilities ($0 or $1) across all filings, indicating strong debt management.
No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
Historically strong revenue years (e.g., $13,850,292 in 2021) demonstrate capacity for significant fundraising.
Spending Breakdown
How The Meyer Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 The Meyer Foundation
Is The Meyer Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Meyer Foundation (EIN: 133317912) appears trustworthy. Mission Score: 75/100. 4 red flags identified, 4 strengths noted.
Is The Meyer Foundation a good charity to donate to?
The Meyer Foundation has a Mission Score of 75/100. Revenue: $19.0M. Assets: $54.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Meyer Foundation?
The Employer Identification Number (EIN) for The Meyer Foundation is 133317912. 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 The Meyer Foundation spend its money?
The Meyer Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Meyer Foundation's tax-exempt status?
You can verify The Meyer Foundation's tax-exempt status using EIN 133317912 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 Meyer Foundation demonstrates a generally strong financial position with substantial assets, currently at $54,675,232. However, recent filings show a concerning trend in the relationship between revenue and expenses. In 2023, the organization reported revenue of $740,534 against expenses of $3,574,049, indicating a significant operating deficit. This contrasts sharply with prior years like 2021, where revenue ($13,850,292) far exceeded expenses ($2,839,703). While the foundation maintains robust assets, consistent operating deficits could erode its financial stability over time if not addressed.
The foundation's transparency appears high regarding executive compensation, consistently reporting 0% for officer compensation across all available filings. This suggests either a volunteer leadership structure or that compensation is reported under other expense categories, which would warrant further investigation for complete clarity. The consistent reporting of minimal liabilities ($0 or $1) across all periods indicates a very healthy balance sheet in terms of debt management. The significant fluctuation in annual revenue, from a low of $740,534 in 2023 to a high of $13,850,292 in 2021, suggests reliance on variable funding sources, which can impact long-term financial planning and program stability.