Harry M Ford Jr And Josephine Mford Family Foundation Inc
Harry M Ford Jr And Josephine Mford Family Foundation consistently spends more than its reported annual revenue, drawing down on assets.
EIN: 203972142 · Baltimore, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $209K |
| Total Expenses | $92K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $447,137 |
| Net Assets | $447K |
| Transparency Score | 75/100 |
Is Harry M Ford Jr And Josephine Mford Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harry M Ford Jr And Josephine Mford Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harry M Ford Jr And Josephine Mford Family Foundation Inc
Harry M Ford Jr And Josephine Mford Family Foundation Inc (EIN: 203972142) is a nonprofit organization based in Baltimore, MD, classified under NTEE code T22. The organization reported total revenue of $209K and total assets of $484K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harry M Ford Jr And Josephine Mford Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harry M Ford Jr And Josephine Mford Family Foundation Inc is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $92K |
| Surplus / Deficit | $-55,935 |
| Total Assets | $447K |
| Total Liabilities | $1 |
| Net Assets | $447K |
| Operating Margin | -154.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 58.2 months |
Financial Health Grade: B
In 2024, Harry M Ford Jr And Josephine Mford Family Foundation Inc reported a deficit of $56K with expenses exceeding revenue, holds 58.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Harry M Ford Jr And Josephine Mford Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +26.4% | -7.8% | -11.1% |
| 2023 | -59.5% | +24.9% | -12.4% |
| 2022 | -47.9% | +50.9% | -1.6% |
| 2021 | +291.7% | +8.0% | +16.5% |
| 2020 | -2.9% | +26.6% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Harry M Ford Jr And Josephine Mford Family Foundation Inc with a Mission Score of 75 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: 85%
- fundraising: 0%
According to IRS 990 filings, Harry M Ford Jr And Josephine Mford Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size with assets ranging from $447,137 to $583,668.
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 Harry M Ford Jr And Josephine Mford Family Foundation Inc's IRS 990 filings:
- Consistent operational deficits where expenses exceed reported revenue (e.g., $92,123 expenses vs. $36,188 revenue in 202406).
- Lack of detailed expense breakdown beyond total expenses, making it hard to fully analyze program efficiency.
Strengths
The following positive indicators were identified for Harry M Ford Jr And Josephine Mford Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating highly efficient executive overhead.
- Consistently low to no liabilities reported, suggesting sound financial management regarding debt.
- Maintains a substantial asset base (e.g., $447,137 in 202406) to support its grantmaking activities.
Frequently Asked Questions about Harry M Ford Jr And Josephine Mford Family Foundation Inc
Is Harry M Ford Jr And Josephine Mford Family Foundation Inc a legitimate charity?
Harry M Ford Jr And Josephine Mford Family Foundation Inc (EIN: 203972142) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $209K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Harry M Ford Jr And Josephine Mford Family Foundation Inc spend its money?
Harry M Ford Jr And Josephine Mford Family Foundation Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Harry M Ford Jr And Josephine Mford Family Foundation Inc tax-deductible?
Harry M Ford Jr And Josephine Mford Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203972142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harry M Ford Jr And Josephine Mford Family Foundation Inc CEO make?
Harry M Ford Jr And Josephine Mford Family Foundation Inc's highest-compensated officer earns $447,137 annually. The organization reported $209K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Harry M Ford Jr And Josephine Mford Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Harry M Ford Jr And Josephine Mford Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harry M Ford Jr And Josephine Mford Family Foundation Inc located?
Harry M Ford Jr And Josephine Mford Family Foundation Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 203972142. It is classified under NTEE code T22.
How many years of IRS 990 filings does Harry M Ford Jr And Josephine Mford Family Foundation Inc have?
Harry M Ford Jr And Josephine Mford Family Foundation Inc has 11 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 $209K in total revenue.
How does the foundation cover its consistent operational deficits?
The foundation likely covers its operational deficits by drawing from its investment portfolio and principal assets, as its expenses frequently exceed its reported annual revenue (e.g., $92,123 expenses vs. $36,188 revenue in 202406).
What is the specific breakdown of program service expenses?
The provided data does not offer a detailed breakdown of program service expenses, making it difficult to assess the specific types of grants or charitable activities undertaken by the foundation.
What is the foundation's long-term strategy for asset management given the spending patterns?
Without further information, it's unclear what the foundation's long-term strategy is for managing its assets, especially given the pattern of expenses often exceeding reported revenue, which could lead to asset depletion over time if not balanced by significant investment gains.
Filing History
IRS 990 filing history for Harry M Ford Jr And Josephine Mford Family Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Harry M Ford Jr And Josephine Mford Family Foundation Inc's revenue has grown by 1095.1%, moving from $3K to $36K. Total assets decreased by 17.4% over the same period, from $542K to $447K. Total functional expenses rose by 197.1%, from $31K to $92K. In its most recent filing year (2024), Harry M Ford Jr And Josephine Mford Family Foundation Inc reported a deficit of $56K, with expenses exceeding revenue. The organization holds $1 in liabilities against $447K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $447K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $36K | $92K | $447K | $1 | — | View 990 |
| 2023 | $29K | $100K | $503K | $1 | — | View 990 |
| 2022 | $71K | $80K | $574K | $1 | — | View 990 |
| 2021 | $136K | $53K | $584K | $1 | — | View 990 |
| 2020 | $35K | $49K | $501K | $0 | — | View 990 |
| 2019 | $36K | $39K | $515K | $0 | — | View 990 |
| 2016 | $27K | $43K | $548K | $0 | — | View 990 |
| 2015 | $55K | $37K | $563K | $0 | — | View 990 |
| 2014 | $43K | $32K | $545K | $0 | — | View 990 |
| 2013 | $23K | $30K | $535K | $0 | — | View 990 |
| 2012 | $3K | $31K | $542K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $36K, expenses of $92K, and assets of $447K (revenue +26.4% year-over-year).
- 2023: Revenue of $29K, expenses of $100K, and assets of $503K (revenue -59.5% year-over-year).
- 2022: Revenue of $71K, expenses of $80K, and assets of $574K (revenue -47.9% year-over-year).
- 2021: Revenue of $136K, expenses of $53K, and assets of $584K (revenue +291.7% year-over-year).
- 2020: Revenue of $35K, expenses of $49K, and assets of $501K (revenue -2.9% year-over-year).
- 2019: Revenue of $36K, expenses of $39K, and assets of $515K (revenue +30.3% year-over-year).
- 2016: Revenue of $27K, expenses of $43K, and assets of $548K (revenue -50.5% year-over-year).
- 2015: Revenue of $55K, expenses of $37K, and assets of $563K (revenue +29.4% year-over-year).
- 2014: Revenue of $43K, expenses of $32K, and assets of $545K (revenue +89.3% year-over-year).
- 2013: Revenue of $23K, expenses of $30K, and assets of $535K (revenue +646.6% year-over-year).
- 2012: Revenue of $3K, expenses of $31K, and assets of $542K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harry M Ford Jr And Josephine Mford Family Foundation Inc:
Data Sources and Methodology
This transparency report for Harry M Ford Jr And Josephine Mford Family 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.