Harry T Mangurian Jr Foundation Inc
Harry T Mangurian Jr Foundation consistently distributes significant assets for programs with no reported officer compensation.
EIN: 161578255 · Ft Lauderdale, FL · NTEE: T21 · Updated: 2026-03-28
Is Harry T Mangurian Jr 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 T Mangurian Jr Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harry T Mangurian Jr Foundation Inc
Harry T Mangurian Jr Foundation Inc (EIN: 161578255) is a nonprofit organization based in Ft Lauderdale, FL, classified under NTEE code T21. The organization reported total revenue of $56.2M and total assets of $69.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harry T Mangurian Jr Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harry T Mangurian Jr Foundation Inc is a major nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $13.0M |
| Surplus / Deficit | $-10,240,747 |
| Total Assets | $71.5M |
| Total Liabilities | $600K |
| Net Assets | $70.9M |
| Operating Margin | -375.9% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 66.2 months |
Financial Health Grade: B
In 2023, Harry T Mangurian Jr Foundation Inc reported a deficit of $10.2M with expenses exceeding revenue, holds 66.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Harry T Mangurian Jr Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.1% | +19.6% | -12.0% |
| 2022 | -72.8% | -40.1% | -8.3% |
| 2021 | +229.2% | +16.1% | -5.8% |
| 2020 | -27.5% | -12.5% | -11.0% |
| 2019 | -73.4% | +106.7% | -19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 T Mangurian Jr Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Harry T Mangurian Jr Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $10.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, including the latest 202312 period, indicating that no salaries are paid to officers, which is highly efficient for a foundation of this size.
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 T Mangurian Jr Foundation Inc's IRS 990 filings:
- Significant decline in assets over the past decade, though this is typical for a distributing foundation.
Strengths
The following positive indicators were identified for Harry T Mangurian Jr Foundation Inc:
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistent high percentage of expenses allocated to program services.
- Strong financial transparency with regular IRS 990 filings.
- Low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Harry T Mangurian Jr Foundation Inc
Is Harry T Mangurian Jr Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harry T Mangurian Jr Foundation Inc (EIN: 161578255) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Harry T Mangurian Jr Foundation Inc spend its money?
Harry T Mangurian Jr Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harry T Mangurian Jr Foundation Inc tax-deductible?
Harry T Mangurian Jr Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161578255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harry T Mangurian Jr Foundation Inc a good charity?
Based on the available IRS 990 data, the Harry T Mangurian Jr Foundation Inc appears to be a highly effective and efficient foundation. It consistently directs a very high percentage of its expenses to program services and reports no officer compensation, maximizing its charitable impact.
Why are assets decreasing over time?
The decrease in assets from $130,538,385 in 201512 to $71,495,920 in 202312 is typical for a private foundation that is actively distributing its endowment through grants and program expenses, rather than growing its principal.
What is the foundation's primary focus?
While the NTEE code T21 indicates 'Foundations, Philanthropy, and Grantmaking', the consistent high program spending and asset distribution suggest a focus on making grants to support various charitable causes, aligning with its role as a grantmaking foundation.
Filing History
IRS 990 filing history for Harry T Mangurian Jr Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harry T Mangurian Jr Foundation Inc's revenue has grown by 20.8%, moving from $2.3M to $2.7M. Total assets decreased by 39.1% over the same period, from $117.5M to $71.5M. Total functional expenses rose by 76.6%, from $7.3M to $13.0M. In its most recent filing year (2023), Harry T Mangurian Jr Foundation Inc reported a deficit of $10.2M, with expenses exceeding revenue. The organization holds $600K in liabilities against $71.5M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $70.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $13.0M | $71.5M | $600K | — | — |
| 2022 | $3.5M | $10.8M | $81.2M | $100K | — | View 990 |
| 2021 | $12.7M | $18.1M | $88.6M | $100K | — | View 990 |
| 2020 | $3.9M | $15.6M | $94.0M | $100K | — | View 990 |
| 2019 | $5.3M | $17.8M | $105.7M | $0 | — | View 990 |
| 2015 | $20.0M | $8.6M | $130.5M | $0 | — | View 990 |
| 2014 | $10.1M | $8.2M | $119.2M | $0 | — | View 990 |
| 2013 | $9.4M | $8.1M | $117.3M | $0 | — | View 990 |
| 2012 | $6.2M | $7.6M | $116.0M | $0 | — | View 990 |
| 2011 | $2.3M | $7.3M | $117.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $13.0M, and assets of $71.5M (revenue -21.1% year-over-year).
- 2022: Revenue of $3.5M, expenses of $10.8M, and assets of $81.2M (revenue -72.8% year-over-year).
- 2021: Revenue of $12.7M, expenses of $18.1M, and assets of $88.6M (revenue +229.2% year-over-year).
- 2020: Revenue of $3.9M, expenses of $15.6M, and assets of $94.0M (revenue -27.5% year-over-year).
- 2019: Revenue of $5.3M, expenses of $17.8M, and assets of $105.7M (revenue -73.4% year-over-year).
- 2015: Revenue of $20.0M, expenses of $8.6M, and assets of $130.5M (revenue +98.8% year-over-year).
- 2014: Revenue of $10.1M, expenses of $8.2M, and assets of $119.2M (revenue +7.3% year-over-year).
- 2013: Revenue of $9.4M, expenses of $8.1M, and assets of $117.3M (revenue +52.1% year-over-year).
- 2012: Revenue of $6.2M, expenses of $7.6M, and assets of $116.0M (revenue +172.9% year-over-year).
- 2011: Revenue of $2.3M, expenses of $7.3M, and assets of $117.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harry T Mangurian Jr Foundation Inc:
Data Sources and Methodology
This transparency report for Harry T Mangurian Jr 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.