Mad Dads
Mad Dads shows strong revenue growth and financial stability with zero reported officer compensation.
EIN: 10774996 · Minneapolis, MN · NTEE: P45 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $482K |
| Transparency Score | 90/100 |
Is Mad Dads Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mad Dads directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mad Dads
Mad Dads (EIN: 10774996) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code P45. The organization reported total revenue of $1.2M and total assets of $360K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mad Dads's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mad Dads is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$150K |
| Total Assets | $500K |
| Total Liabilities | $18K |
| Net Assets | $482K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Mad Dads reported a surplus of $150K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Mad Dads's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.2% | +59.0% | -7.3% |
| 2022 | -2.7% | -13.6% | +8.7% |
| 2021 | -15.7% | +13.3% | +41.0% |
| 2020 | +162.3% | +71.4% | +358.4% |
| 2019 | -15.8% | -2.8% | -18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Mad Dads 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mad Dads 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 $150K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
Mad Dads consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with over $1.2 million in annual revenue.
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.
Strengths
The following positive indicators were identified for Mad Dads:
- Consistent revenue growth, especially from 2019 to 2023 ($385,110 to $1,253,210).
- Strong financial health with consistent operating surpluses.
- Growing asset base, reaching $500,281 in 2023.
- Very low liabilities relative to assets, indicating financial stability.
- 0% reported officer compensation across all filings, demonstrating high transparency and potential volunteer leadership.
Frequently Asked Questions about Mad Dads
Is Mad Dads a legitimate charity?
Based on AI analysis of IRS 990 filings, Mad Dads (EIN: 10774996) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Mad Dads spend its money?
Mad Dads directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mad Dads tax-deductible?
Mad Dads is registered as a tax-exempt nonprofit (EIN: 10774996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mad Dads CEO make?
Mad Dads's highest-compensated officer earns $1.2 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mad Dads's spending goes to programs?
Mad Dads directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mad Dads compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mad Dads is above average for NTEE category P45 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mad Dads located?
Mad Dads is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 10774996. It is classified under NTEE code P45.
How many years of IRS 990 filings does Mad Dads have?
Mad Dads 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 $1.2M in total revenue.
Is Mad Dads a good charity?
Based on the provided financial data, Mad Dads appears to be a good charity. It demonstrates strong financial health, consistent revenue growth, and a commitment to transparency with 0% reported officer compensation.
How has Mad Dads' revenue changed over time?
Mad Dads has experienced significant revenue growth, increasing from $385,110 in 2019 to $1,253,210 in 2023, indicating a strong upward trend in financial support.
What is Mad Dads' asset position?
Mad Dads has a healthy and growing asset base, reaching $500,281 in 2023, significantly up from $76,754 in 2019, with very low liabilities relative to assets.
Filing History
IRS 990 filing history for Mad Dads showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Mad Dads's revenue has grown by 331.2%, moving from $291K to $1.3M. Total assets increased by 569.3% over the same period, from $75K to $500K. Total functional expenses rose by 296%, from $279K to $1.1M. In its most recent filing year (2023), Mad Dads reported a surplus of $150K, with revenue exceeding expenses. The organization holds $18K in liabilities against $500K in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $482K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.1M | $500K | $18K | — | — |
| 2022 | $829K | $694K | $540K | $7K | — | View 990 |
| 2021 | $852K | $803K | $496K | $9K | — | View 990 |
| 2020 | $1.0M | $709K | $352K | $19K | — | View 990 |
| 2019 | $385K | $414K | $77K | $45K | — | View 990 |
| 2018 | $457K | $426K | $94K | $33K | — | View 990 |
| 2017 | $436K | $412K | $83K | $53K | — | View 990 |
| 2016 | $284K | $312K | $23K | $18K | — | View 990 |
| 2015 | $506K | $522K | $43K | $11K | — | View 990 |
| 2013 | $379K | $363K | $71K | $4K | — | View 990 |
| 2012 | $294K | $277K | $62K | $10K | — | View 990 |
| 2011 | $202K | $224K | $36K | $2K | — | View 990 |
| 2010 | $291K | $279K | $75K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.1M, and assets of $500K (revenue +51.2% year-over-year).
- 2022: Revenue of $829K, expenses of $694K, and assets of $540K (revenue -2.7% year-over-year).
- 2021: Revenue of $852K, expenses of $803K, and assets of $496K (revenue -15.7% year-over-year).
- 2020: Revenue of $1.0M, expenses of $709K, and assets of $352K (revenue +162.3% year-over-year).
- 2019: Revenue of $385K, expenses of $414K, and assets of $77K (revenue -15.8% year-over-year).
- 2018: Revenue of $457K, expenses of $426K, and assets of $94K (revenue +4.9% year-over-year).
- 2017: Revenue of $436K, expenses of $412K, and assets of $83K (revenue +53.6% year-over-year).
- 2016: Revenue of $284K, expenses of $312K, and assets of $23K (revenue -44.0% year-over-year).
- 2015: Revenue of $506K, expenses of $522K, and assets of $43K (revenue +33.8% year-over-year).
- 2013: Revenue of $379K, expenses of $363K, and assets of $71K (revenue +28.8% year-over-year).
- 2012: Revenue of $294K, expenses of $277K, and assets of $62K (revenue +45.5% year-over-year).
- 2011: Revenue of $202K, expenses of $224K, and assets of $36K (revenue -30.5% year-over-year).
- 2010: Revenue of $291K, expenses of $279K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mad Dads:
Data Sources and Methodology
This transparency report for Mad Dads 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.