David & Phyllis Murphy Charitable Foundation
EIN: 421477942 · Mason City, IA · NTEE: T20Z
About David & Phyllis Murphy Charitable Foundation
David & Phyllis Murphy Charitable Foundation (EIN: 421477942) is a nonprofit organization based in Mason City, IA, classified under NTEE code T20Z. The organization reported total revenue of $2.1M and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David & Phyllis Murphy Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for David & Phyllis Murphy Charitable Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates David & Phyllis Murphy Charitable Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for David & Phyllis Murphy Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), David & Phyllis Murphy Charitable Foundation's revenue has grown by 3083.2%, moving from $13K to $419K. Total assets increased by 2394.4% over the same period, from $395K to $9.8M. Total functional expenses rose by 1760.9%, from $30K to $567K. In its most recent filing year (2024), David & Phyllis Murphy Charitable Foundation reported a deficit of $148K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $419K | $567K | $9.8M | $1 | — | — |
| 2023 | $87K | $637K | $10.0M | $1 | — | View 990 |
| 2022 | $11.5M | $176K | $10.5M | $1 | — | View 990 |
| 2021 | $176K | $105K | $2.1M | $1 | — | View 990 |
| 2020 | $955K | $68K | $2.0M | $1 | — | — |
| 2016 | $16K | $34K | $421K | $1 | — | View 990 |
| 2015 | $48K | $32K | $438K | $1 | — | View 990 |
| 2014 | $53K | $31K | $422K | $0 | — | View 990 |
| 2013 | $35K | $30K | $400K | $0 | — | View 990 |
| 2012 | $13K | $30K | $395K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $419K, expenses of $567K, and assets of $9.8M (revenue +379.0% year-over-year).
- 2023: Revenue of $87K, expenses of $637K, and assets of $10.0M (revenue -99.2% year-over-year).
- 2022: Revenue of $11.5M, expenses of $176K, and assets of $10.5M (revenue +6445.7% year-over-year).
- 2021: Revenue of $176K, expenses of $105K, and assets of $2.1M (revenue -81.6% year-over-year).
- 2020: Revenue of $955K, expenses of $68K, and assets of $2.0M (revenue +5754.6% year-over-year).
- 2016: Revenue of $16K, expenses of $34K, and assets of $421K (revenue -65.7% year-over-year).
- 2015: Revenue of $48K, expenses of $32K, and assets of $438K (revenue -10.0% year-over-year).
- 2014: Revenue of $53K, expenses of $31K, and assets of $422K (revenue +50.0% year-over-year).
- 2013: Revenue of $35K, expenses of $30K, and assets of $400K (revenue +167.6% year-over-year).
- 2012: Revenue of $13K, expenses of $30K, and assets of $395K.
Data Sources and Methodology
This transparency report for David & Phyllis Murphy Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.