Friends Of Mexican Development Foundation
Friends Of Mexican Development Foundation shows strong financial growth and zero reported officer compensation in recent years.
EIN: 133249351 · Montclair, NJ · NTEE: Q123 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $862K |
| Total Expenses | $477K |
| Program Spending | 85% |
| Net Assets | $502K |
| Transparency Score | 85/100 |
Is Friends Of Mexican Development Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Mexican Development Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Mexican Development Foundation
Friends Of Mexican Development Foundation (EIN: 133249351) is a nonprofit organization based in Montclair, NJ, classified under NTEE code Q123. The organization reported total revenue of $862K and total assets of $590K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Mexican Development Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Mexican Development Foundation is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $793K |
| Total Expenses | $477K |
| Surplus / Deficit | +$316K |
| Total Assets | $507K |
| Total Liabilities | $5K |
| Net Assets | $502K |
| Operating Margin | 39.8% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Friends Of Mexican Development Foundation reported a surplus of $316K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Mexican Development Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | -32.1% | +172.8% |
| 2022 | -7.3% | -11.2% | +54.2% |
| 2021 | -30.6% | -32.8% | +61.2% |
| 2020 | +959.5% | +228.0% | +79.2% |
| 2019 | -73.4% | +66.9% | -86.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Friends Of Mexican Development Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Mexican Development Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $316K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filing periods, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence and resource allocation to mission.
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 Friends Of Mexican Development Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Friends Of Mexican Development Foundation:
- Consistent reporting of 0% officer compensation across all filings.
- Strong asset growth, particularly from $74,775 in 2020 to $506,821 in 2023.
- Healthy operating surplus in 2023, with revenue ($793,319) significantly exceeding expenses ($477,299).
- Low liabilities, indicating minimal debt and strong financial health.
- Consistent IRS 990 filing history demonstrates transparency and compliance.
Frequently Asked Questions about Friends Of Mexican Development Foundation
Is Friends Of Mexican Development Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Mexican Development Foundation (EIN: 133249351) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Friends Of Mexican Development Foundation spend its money?
Friends Of Mexican Development Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Mexican Development Foundation tax-deductible?
Friends Of Mexican Development Foundation is registered as a tax-exempt nonprofit (EIN: 133249351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Mexican Development Foundation's spending goes to programs?
Friends Of Mexican Development Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Mexican Development Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of Mexican Development Foundation is above average for NTEE category Q123 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Mexican Development Foundation located?
Friends Of Mexican Development Foundation is headquartered in Montclair, New Jersey and files with the IRS under EIN 133249351. It is classified under NTEE code Q123.
How many years of IRS 990 filings does Friends Of Mexican Development Foundation have?
Friends Of Mexican Development Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $862K in total revenue.
Is Friends Of Mexican Development Foundation financially stable?
Yes, the organization appears financially stable, especially given its 2023 performance where revenue ($793,319) significantly outpaced expenses ($477,299), leading to a substantial increase in assets to $506,821. This indicates a healthy operating surplus and growing reserves.
How does the organization manage executive compensation?
Friends Of Mexican Development Foundation reports 0% officer compensation across all available IRS 990 filings, suggesting a highly efficient or volunteer-driven executive structure, which is a positive indicator for resource allocation.
What is the trend in the organization's assets?
The organization's assets have shown significant growth in recent years, increasing from $74,775 in 2020 to $506,821 in 2023, indicating successful financial management and accumulation of reserves.
Are there any concerns about the organization's liabilities?
Liabilities are consistently low, ranging from $0 to $20,045 across the filing history, and were only $5,000 in 2023, indicating a very healthy balance sheet with minimal debt.
Filing History
IRS 990 filing history for Friends Of Mexican Development Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Mexican Development Foundation's revenue has grown by 798.4%, moving from $88K to $793K. Total assets increased by 1882.1% over the same period, from $26K to $507K. Total functional expenses rose by 457.2%, from $86K to $477K. In its most recent filing year (2023), Friends Of Mexican Development Foundation reported a surplus of $316K, with revenue exceeding expenses. The organization holds $5K in liabilities against $507K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $502K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $793K | $477K | $507K | $5K | — | — |
| 2022 | $775K | $703K | $186K | $0 | — | View 990 |
| 2021 | $836K | $791K | $121K | $7K | — | — |
| 2020 | $1.2M | $1.2M | $75K | $6K | — | View 990 |
| 2019 | $114K | $359K | $42K | $0 | — | View 990 |
| 2018 | $428K | $215K | $307K | $20K | — | View 990 |
| 2017 | $596K | $549K | $74K | $0 | — | — |
| 2016 | $124K | $124K | $27K | $0 | — | View 990 |
| 2015 | $64K | $76K | $26K | $0 | — | View 990 |
| 2014 | $82K | $73K | $38K | $0 | — | View 990 |
| 2013 | $74K | $61K | $29K | $0 | — | View 990 |
| 2012 | $144K | $154K | $16K | $0 | — | View 990 |
| 2011 | $88K | $86K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $793K, expenses of $477K, and assets of $507K (revenue +2.4% year-over-year).
- 2022: Revenue of $775K, expenses of $703K, and assets of $186K (revenue -7.3% year-over-year).
- 2021: Revenue of $836K, expenses of $791K, and assets of $121K (revenue -30.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $75K (revenue +959.5% year-over-year).
- 2019: Revenue of $114K, expenses of $359K, and assets of $42K (revenue -73.4% year-over-year).
- 2018: Revenue of $428K, expenses of $215K, and assets of $307K (revenue -28.2% year-over-year).
- 2017: Revenue of $596K, expenses of $549K, and assets of $74K (revenue +378.9% year-over-year).
- 2016: Revenue of $124K, expenses of $124K, and assets of $27K (revenue +93.1% year-over-year).
- 2015: Revenue of $64K, expenses of $76K, and assets of $26K (revenue -21.0% year-over-year).
- 2014: Revenue of $82K, expenses of $73K, and assets of $38K (revenue +11.0% year-over-year).
- 2013: Revenue of $74K, expenses of $61K, and assets of $29K (revenue -49.1% year-over-year).
- 2012: Revenue of $144K, expenses of $154K, and assets of $16K (revenue +63.4% year-over-year).
- 2011: Revenue of $88K, expenses of $86K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Mexican Development Foundation:
Data Sources and Methodology
This transparency report for Friends Of Mexican Development 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.