Quick charity verification for The Murray Foundation Inc (EIN: 133421590)
Verdict: The Murray Foundation Inc appears trustworthy
90/100Mission Score
$193KRevenue
$3.7MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code Unknown: Lack of a specified NTEE code makes it difficult to benchmark against similar organizations or understand its specific programmatic focus.
Strengths
Strong Asset Base: Assets of $3,763,946 in 2023 provide significant financial stability.
Minimal Liabilities: Liabilities of only $1 in 2023 indicate excellent financial management and low risk.
No Officer Compensation: Consistently reporting 0% officer compensation across all filings demonstrates a strong commitment to directing funds towards its mission.
Consistent Transparency: A history of 10 IRS 990 filings shows a commitment to transparency and regulatory compliance.
Significant Revenue Growth: Revenue increased substantially to $1,758,397 in 2023, indicating strong fundraising or investment performance.
Spending Breakdown
How The Murray 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
0%
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 Murray Foundation Inc
Is The Murray Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Murray Foundation Inc (EIN: 133421590) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is The Murray Foundation Inc a good charity to donate to?
The Murray Foundation Inc has a Mission Score of 90/100. Revenue: $193K. Assets: $3.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Murray Foundation Inc?
The Employer Identification Number (EIN) for The Murray Foundation Inc is 133421590. 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 Murray Foundation Inc spend its money?
The Murray Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Murray Foundation Inc's tax-exempt status?
You can verify The Murray Foundation Inc's tax-exempt status using EIN 133421590 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 Murray Foundation Inc demonstrates strong financial health, particularly in its asset growth and low liabilities. In 2023, the organization reported assets of $3,763,946 against liabilities of only $1, indicating a very stable financial position. The foundation's revenue has shown significant volatility, with a substantial increase to $1,758,397 in 2023 from $744,084 in 2022, and even a negative revenue in 2011. Despite this, expenses have remained relatively controlled, with $256,576 in 2023, suggesting efficient management of operational costs relative to its growing asset base. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.
The foundation's spending efficiency appears high, especially given its substantial asset base and minimal liabilities. With no reported officer compensation, a significant portion of its expenses are likely directed towards program services or administrative overhead necessary for its operations. The substantial increase in revenue in 2023, far exceeding expenses, suggests a strong capacity for future program funding or asset growth. The consistent filing of IRS Form 990s over a decade also points to a commitment to transparency and regulatory compliance, allowing stakeholders to track its financial performance over time.