Quick charity verification for The Meyers Foundation (EIN: 208068901)
Verdict: The Meyers Foundation has notable concerns
30/100Mission Score
$5KRevenue
$1Assets
3Red Flags
1Strengths
Red Flags
Consistent and significant deficit spending (expenses far exceeding revenue) in all reported periods.
Rapid decline in assets from $100,932 in 2011 to $48,974 in 2015, indicating an unsustainable financial model.
Extremely low reported revenue in recent years (e.g., $57 in 2015, $95 in 2014) relative to expenses.
Strengths
No officer compensation reported, indicating efficient use of funds regarding executive pay.
Spending Breakdown
How The Meyers Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 The Meyers Foundation
Is The Meyers Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Meyers Foundation (EIN: 208068901) has notable concerns. Mission Score: 30/100. 3 red flags identified, 1 strength noted.
Is The Meyers Foundation a good charity to donate to?
The Meyers Foundation has a Mission Score of 30/100. Revenue: $5K. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Meyers Foundation?
The Employer Identification Number (EIN) for The Meyers Foundation is 208068901. 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 Meyers Foundation spend its money?
The Meyers Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Meyers Foundation's tax-exempt status?
You can verify The Meyers Foundation's tax-exempt status using EIN 208068901 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 Meyers Foundation appears to be a small foundation with a concerning financial trend. Over the past five years, its revenue has consistently been significantly lower than its expenses, leading to a substantial decline in assets from $100,932 in 2011 to $48,974 in 2015. For instance, in 2015, the foundation reported only $57 in revenue against $19,210 in expenses. This indicates a reliance on drawing down existing assets to cover operational costs, which is unsustainable in the long term.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent deficit spending suggests that the current operational model is not financially viable. The lack of officer compensation reported across all filings is a positive note regarding executive pay, but it doesn't mitigate the broader financial challenges. The foundation's transparency is adequate given the available 990 data, but the financial health raises significant questions about its future viability and impact.