Fmu Charitable Foundationincorporated

Fmu Charitable Foundation shows consistent operations with no officer compensation, but fluctuating assets and liabilities.

EIN: 205545418 · Surfside, FL · NTEE: T31 · Updated: 2026-03-28

$562KRevenue

$108KAssets

70/100Mission Score (Good)

T31

About Fmu Charitable Foundationincorporated

Fmu Charitable Foundationincorporated (EIN: 205545418) is a nonprofit organization based in Surfside, FL, classified under NTEE code T31. The organization reported total revenue of $562K and total assets of $108K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fmu Charitable Foundationincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Fmu Charitable Foundationincorporated demonstrates a consistent operational pattern, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, expenses of $458,444 slightly surpassed revenue of $448,898, indicating a minor deficit for that period. However, in 2022, the organization reported a surplus with revenues of $403,359 against expenses of $379,214. The organization's assets have fluctuated, reaching a high of $353,191 in 2017 and currently standing at $107,929, which is a significant decrease from the $152,823 reported in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or externally managed structure, which can be a positive indicator for donor confidence regarding executive pay. However, without detailed expense breakdowns from the provided data, it's challenging to fully assess spending efficiency beyond the overall revenue-expense balance.

The foundation's financial health appears stable, though with some year-to-year variations in net assets. The liabilities have also shown fluctuations, from a low of $19,600 in 2023 to a high of $240,875 in 2017. The current assets of $107,929 against the latest reported liabilities of $19,600 (from 2023) indicate a healthy current asset-to-liability ratio. The lack of officer compensation is a strong point for transparency regarding executive pay. However, the absence of detailed program, administrative, and fundraising expense breakdowns in the provided data limits a comprehensive assessment of spending efficiency and program focus. To fully evaluate transparency, access to the complete IRS 990 forms would be necessary to review specific line items and disclosures.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fmu Charitable Foundationincorporated with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Fmu Charitable Foundationincorporated allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a positive sign for donor trust and resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Fmu Charitable Foundationincorporated's IRS 990 filings:

Significant fluctuation in assets over time, from $353,191 in 2017 to $107,929 currently, which could indicate inconsistent financial management or investment strategies.
A year with zero revenue ($0 in 2020) while still incurring expenses ($25,103), which warrants further investigation into funding sources and operational continuity during that period.

Strengths

The following positive indicators were identified for Fmu Charitable Foundationincorporated:

Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency regarding executive pay.
Generally stable revenue generation, with latest revenue at $561,521 and consistent revenue streams in most years.
Positive net assets in most years, indicating the organization generally operates within its means.

Frequently Asked Questions about Fmu Charitable Foundationincorporated

Is Fmu Charitable Foundationincorporated financially stable?

The organization appears generally stable, with revenues often exceeding or closely matching expenses. For example, in 2022, revenue was $403,359 against expenses of $379,214. However, assets have fluctuated significantly, from $353,191 in 2017 to $107,929 currently, suggesting varying financial positions over time.

How does Fmu Charitable Foundationincorporated manage executive compensation?

Fmu Charitable Foundationincorporated consistently reports 0% officer compensation in all available filings, indicating that no officers are paid by the organization, which is a strong positive for financial transparency and resource allocation.

What is the trend in the organization's assets?

The organization's assets have fluctuated considerably, peaking at $353,191 in 2017 and declining to $107,929 currently. This indicates variability in its financial reserves over the years.

Filing History

IRS 990 filing history for Fmu Charitable Foundationincorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Fmu Charitable Foundationincorporated's revenue has grown by 66.7%, moving from $269K to $449K. Total assets increased by 149.4% over the same period, from $61K to $153K. Total functional expenses rose by 68%, from $273K to $458K. In its most recent filing year (2023), Fmu Charitable Foundationincorporated reported a deficit of $10K, with expenses exceeding revenue. The organization holds $20K in liabilities against $153K in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $133K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$449K	$458K	$153K	$20K	—	—
2022	$403K	$379K	$270K	$127K	—	—
2021	$321K	$273K	$221K	$102K	—	View 990
2020	$0	$25K	$306K	$235K	—	View 990
2019	$415K	$410K	$298K	$202K	—	View 990
2018	$444K	$465K	$150K	$59K	—	View 990
2017	$389K	$364K	$353K	$241K	—	View 990
2016	$321K	$336K	$137K	$50K	—	View 990
2015	$344K	$333K	$168K	$66K	—	View 990
2014	$349K	$337K	$215K	$129K	—	View 990
2013	$356K	$324K	$122K	$48K	—	View 990
2012	$298K	$278K	$97K	$56K	—	View 990
2011	$269K	$273K	$61K	$40K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $449K, expenses of $458K, and assets of $153K (revenue +11.3% year-over-year).
2022: Revenue of $403K, expenses of $379K, and assets of $270K (revenue +25.6% year-over-year).
2021: Revenue of $321K, expenses of $273K, and assets of $221K.
2020: Revenue of $0, expenses of $25K, and assets of $306K (revenue -100.0% year-over-year).
2019: Revenue of $415K, expenses of $410K, and assets of $298K (revenue -6.5% year-over-year).
2018: Revenue of $444K, expenses of $465K, and assets of $150K (revenue +14.1% year-over-year).
2017: Revenue of $389K, expenses of $364K, and assets of $353K (revenue +20.9% year-over-year).
2016: Revenue of $321K, expenses of $336K, and assets of $137K (revenue -6.4% year-over-year).
2015: Revenue of $344K, expenses of $333K, and assets of $168K (revenue -1.5% year-over-year).
2014: Revenue of $349K, expenses of $337K, and assets of $215K (revenue -2.1% year-over-year).
2013: Revenue of $356K, expenses of $324K, and assets of $122K (revenue +19.6% year-over-year).
2012: Revenue of $298K, expenses of $278K, and assets of $97K (revenue +10.6% year-over-year).
2011: Revenue of $269K, expenses of $273K, and assets of $61K.

Data Sources and Methodology

This transparency report for Fmu Charitable Foundationincorporated 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.