M B Swayze Educational Foundation
EIN: 640602140 · Jackson, MS
| Metric | Value |
|---|---|
| Total Revenue | $438K |
| Total Expenses | $649K |
| Net Assets | $-2,113,296 |
Is M B Swayze Educational Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About M B Swayze Educational Foundation
M B Swayze Educational Foundation (EIN: 640602140) is a nonprofit organization based in Jackson, MS. The organization reported total revenue of $438K and total assets of $239K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of M B Swayze Educational Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
M B Swayze Educational Foundation is a small nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $434K |
| Total Expenses | $649K |
| Surplus / Deficit | $-215,275 |
| Total Assets | $197K |
| Total Liabilities | $2.3M |
| Net Assets | $-2,113,296 |
| Operating Margin | -49.6% |
| Debt-to-Asset Ratio | 1174.5% |
| Months of Reserves | 3.6 months |
Financial Health Grade: C
In 2023, M B Swayze Educational Foundation reported a deficit of $215K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 1174.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), M B Swayze Educational Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.4% | +44.4% | -27.1% |
| 2022 | -23.7% | +19.9% | +43.8% |
| 2021 | -20.2% | -26.5% | +131.8% |
| 2020 | -9.8% | +1.9% | -35.5% |
| 2019 | +25.3% | +9.2% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for M B Swayze Educational Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates M B Swayze Educational Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $215K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1174.5%.
Frequently Asked Questions about M B Swayze Educational Foundation
Is M B Swayze Educational Foundation a legitimate charity?
M B Swayze Educational Foundation (EIN: 640602140) is a registered tax-exempt nonprofit based in Mississippi. It has 12 years of IRS 990 filings on record. Total revenue: $438K. No red flags identified. Financial health grade: C.
How does M B Swayze Educational Foundation spend its money?
M B Swayze Educational Foundation reported $438K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to M B Swayze Educational Foundation tax-deductible?
M B Swayze Educational Foundation is registered as a tax-exempt nonprofit (EIN: 640602140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is M B Swayze Educational Foundation located?
M B Swayze Educational Foundation is headquartered in Jackson, Mississippi and files with the IRS under EIN 640602140.
How many years of IRS 990 filings does M B Swayze Educational Foundation have?
M B Swayze Educational Foundation has 12 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 $438K in total revenue.
Filing History
IRS 990 filing history for M B Swayze Educational Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), M B Swayze Educational Foundation's revenue has declined by 38.7%, moving from $708K to $434K. Total assets increased by 13.2% over the same period, from $174K to $197K. Total functional expenses fell by 0.7%, from $654K to $649K. In its most recent filing year (2023), M B Swayze Educational Foundation reported a deficit of $215K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $197K in assets (debt-to-asset ratio: 1174.5%), resulting in net assets of $-2,113,296.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $434K | $649K | $197K | $2.3M | — | View 990 |
| 2022 | $215K | $450K | $270K | $2.2M | — | View 990 |
| 2021 | $282K | $375K | $188K | $1.9M | — | View 990 |
| 2020 | $354K | $510K | $81K | $1.5M | — | View 990 |
| 2019 | $392K | $501K | $126K | $1.4M | — | View 990 |
| 2018 | $313K | $459K | $109K | $1.3M | — | View 990 |
| 2017 | $287K | $418K | $178K | $1.2M | — | View 990 |
| 2016 | $345K | $437K | $186K | $1.1M | — | View 990 |
| 2015 | $432K | $894K | $196K | $1.0M | — | View 990 |
| 2014 | $1.1M | $656K | $383K | $752K | — | View 990 |
| 2013 | $290K | $462K | $47K | $811K | — | View 990 |
| 2012 | $708K | $654K | $174K | $767K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $434K, expenses of $649K, and assets of $197K (revenue +101.4% year-over-year).
- 2022: Revenue of $215K, expenses of $450K, and assets of $270K (revenue -23.7% year-over-year).
- 2021: Revenue of $282K, expenses of $375K, and assets of $188K (revenue -20.2% year-over-year).
- 2020: Revenue of $354K, expenses of $510K, and assets of $81K (revenue -9.8% year-over-year).
- 2019: Revenue of $392K, expenses of $501K, and assets of $126K (revenue +25.3% year-over-year).
- 2018: Revenue of $313K, expenses of $459K, and assets of $109K (revenue +9.3% year-over-year).
- 2017: Revenue of $287K, expenses of $418K, and assets of $178K (revenue -17.0% year-over-year).
- 2016: Revenue of $345K, expenses of $437K, and assets of $186K (revenue -20.2% year-over-year).
- 2015: Revenue of $432K, expenses of $894K, and assets of $196K (revenue -58.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $656K, and assets of $383K (revenue +262.3% year-over-year).
- 2013: Revenue of $290K, expenses of $462K, and assets of $47K (revenue -59.0% year-over-year).
- 2012: Revenue of $708K, expenses of $654K, and assets of $174K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for M B Swayze Educational Foundation:
Data Sources and Methodology
This transparency report for M B Swayze Educational 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.