Frank Mchugh Odonovan Foundation Inc
Frank Mchugh Odonovan Foundation Inc faces consistent operational deficits despite substantial assets and zero officer compensation.
EIN: 200842449 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Frank Mchugh Odonovan Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frank Mchugh Odonovan Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frank Mchugh Odonovan Foundation Inc
Frank Mchugh Odonovan Foundation Inc (EIN: 200842449) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $9.6M and total assets of $59.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank Mchugh Odonovan Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank Mchugh Odonovan Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $10.1M |
| Surplus / Deficit | $-4,659,045 |
| Total Assets | $58.6M |
| Total Liabilities | $68K |
| Net Assets | $58.5M |
| Operating Margin | -86.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 69.9 months |
Financial Health Grade: B
In 2023, Frank Mchugh Odonovan Foundation Inc reported a deficit of $4.7M with expenses exceeding revenue, holds 69.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Frank Mchugh Odonovan Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.6% | +50.6% | -7.4% |
| 2022 | -46.4% | +6.1% | -4.9% |
| 2021 | +251.0% | +3.0% | +-0.0% |
| 2020 | -30.5% | +29.0% | -6.1% |
| 2019 | -85.3% | +33.7% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Frank Mchugh Odonovan Foundation Inc 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: 80%
- fundraising: 5%
According to IRS 990 filings, Frank Mchugh Odonovan Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a highly efficient use of funds regarding executive pay, as all leadership roles are likely voluntary or compensated through other means not classified as officer compensation.
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 Frank Mchugh Odonovan Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $10M vs. revenue $5.4M)
- Significant volatility in annual revenue, making financial planning potentially challenging
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
Strengths
The following positive indicators were identified for Frank Mchugh Odonovan Foundation Inc:
- Substantial asset base ($58,554,535 in 2023) providing financial stability
- 0% officer compensation reported across all filings, indicating strong control over executive overhead
- Relatively low liabilities compared to assets
Frequently Asked Questions about Frank Mchugh Odonovan Foundation Inc
Is Frank Mchugh Odonovan Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank Mchugh Odonovan Foundation Inc (EIN: 200842449) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Frank Mchugh Odonovan Foundation Inc spend its money?
Frank Mchugh Odonovan Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Frank Mchugh Odonovan Foundation Inc tax-deductible?
Frank Mchugh Odonovan Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200842449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Frank Mchugh Odonovan Foundation Inc financially sustainable given its recent operational deficits?
The foundation has experienced significant operational deficits in recent years, with expenses exceeding revenue by substantial margins (e.g., $10,058,989 expenses vs. $5,399,944 revenue in 2023). While it possesses substantial assets ($58,554,535 in 2023), sustained deficits could erode these assets over time if not offset by investment gains or future large contributions.
What is the primary source of the foundation's revenue, given its volatility?
The provided data shows significant fluctuations in revenue, from a high of $17,538,425 in 2018 to a low of $1,796,224 in 2020. This volatility suggests reliance on potentially large, infrequent donations or investment income, rather than consistent, broad-based support. A detailed 990 would clarify the specific revenue streams.
How does the foundation manage its liabilities, which have increased in recent years?
Liabilities have increased from $10 in earlier filings to $68,385 in 2023. While still a small fraction of its total assets, this increase warrants attention. The nature of these liabilities would need to be examined in the full 990 to understand their implications for the foundation's financial health.
Filing History
IRS 990 filing history for Frank Mchugh Odonovan Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Frank Mchugh Odonovan Foundation Inc's revenue has declined by 37.7%, moving from $8.7M to $5.4M. Total assets increased by 17.1% over the same period, from $50.0M to $58.6M. Total functional expenses rose by 281.6%, from $2.6M to $10.1M. In its most recent filing year (2023), Frank Mchugh Odonovan Foundation Inc reported a deficit of $4.7M, with expenses exceeding revenue. The organization holds $68K in liabilities against $58.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $58.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $10.1M | $58.6M | $68K | — | — |
| 2022 | $3.4M | $6.7M | $63.2M | $64K | — | View 990 |
| 2021 | $6.3M | $6.3M | $66.5M | $42K | — | View 990 |
| 2020 | $1.8M | $6.1M | $66.5M | $51K | — | View 990 |
| 2019 | $2.6M | $4.7M | $70.8M | $61K | — | — |
| 2018 | $17.5M | $3.5M | $73.0M | $60K | — | View 990 |
| 2015 | $5.1M | $2.7M | $58.4M | $10 | — | View 990 |
| 2014 | $2.9M | $3.0M | $56.0M | $10 | — | View 990 |
| 2013 | $6.2M | $3.0M | $56.1M | $10 | — | View 990 |
| 2012 | $5.4M | $2.2M | $52.8M | $122 | — | View 990 |
| 2011 | $8.7M | $2.6M | $50.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $10.1M, and assets of $58.6M (revenue +59.6% year-over-year).
- 2022: Revenue of $3.4M, expenses of $6.7M, and assets of $63.2M (revenue -46.4% year-over-year).
- 2021: Revenue of $6.3M, expenses of $6.3M, and assets of $66.5M (revenue +251.0% year-over-year).
- 2020: Revenue of $1.8M, expenses of $6.1M, and assets of $66.5M (revenue -30.5% year-over-year).
- 2019: Revenue of $2.6M, expenses of $4.7M, and assets of $70.8M (revenue -85.3% year-over-year).
- 2018: Revenue of $17.5M, expenses of $3.5M, and assets of $73.0M (revenue +243.4% year-over-year).
- 2015: Revenue of $5.1M, expenses of $2.7M, and assets of $58.4M (revenue +74.1% year-over-year).
- 2014: Revenue of $2.9M, expenses of $3.0M, and assets of $56.0M (revenue -52.8% year-over-year).
- 2013: Revenue of $6.2M, expenses of $3.0M, and assets of $56.1M (revenue +15.6% year-over-year).
- 2012: Revenue of $5.4M, expenses of $2.2M, and assets of $52.8M (revenue -37.9% year-over-year).
- 2011: Revenue of $8.7M, expenses of $2.6M, and assets of $50.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank Mchugh Odonovan Foundation Inc:
Data Sources and Methodology
This transparency report for Frank Mchugh Odonovan Foundation Inc 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.