Margaret M Grow Charitable Foundation
Margaret M Grow Charitable Foundation experiences recent deficit spending while maintaining zero officer compensation.
EIN: 206149518 · Byhalia, MS · NTEE: T20 · Updated: 2026-03-28
Is Margaret M Grow Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret M Grow Charitable Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret M Grow Charitable Foundation
Margaret M Grow Charitable Foundation (EIN: 206149518) is a nonprofit organization based in Byhalia, MS, classified under NTEE code T20. The organization reported total revenue of $136K and total assets of $675K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret M Grow Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Margaret M Grow Charitable Foundation 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: 80%
- fundraising: 5%
According to IRS 990 filings, Margaret M Grow Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly efficient for a nonprofit of its 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 Margaret M Grow Charitable Foundation's IRS 990 filings:
- Expenses significantly exceeding revenue in the latest two reporting periods (2022 and 2023), indicating reliance on asset drawdowns.
- Fluctuating revenue streams, suggesting potential instability in annual funding.
Strengths
The following positive indicators were identified for Margaret M Grow Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive spending.
- No reported liabilities across all available filings, demonstrating strong financial management and solvency.
- Long-term growth in assets, from $279,525 in 2011 to $724,298 in 2023, indicating sound financial stewardship over time.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Margaret M Grow Charitable Foundation
Is Margaret M Grow Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret M Grow Charitable Foundation (EIN: 206149518) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Margaret M Grow Charitable Foundation spend its money?
Margaret M Grow Charitable Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaret M Grow Charitable Foundation tax-deductible?
Margaret M Grow Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206149518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the recent trend of expenses exceeding revenue sustainable for the foundation?
In 2023, expenses ($101,581) were more than double the revenue ($46,592), and a similar trend was seen in 2022. While the foundation has substantial assets ($724,298 in 2023), continued deficit spending could erode its endowment over time, impacting its long-term grantmaking capacity.
What is the primary purpose of the increased expenses in recent years?
Without a detailed breakdown of expenses, it's difficult to pinpoint the exact nature. Given its NTEE code (T20 - Grantmaking Foundations), it's likely that a significant portion of these increased expenses represents grants awarded, which would align with its charitable mission.
How does the foundation manage its assets to generate revenue?
The revenue figures fluctuate significantly, from $36,910 in 2022 to $266,234 in 2020. This variability suggests reliance on investment income or other non-programmatic revenue sources, which can be volatile. A consistent strategy for asset management is crucial for stable funding.
Filing History
IRS 990 filing history for Margaret M Grow Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margaret M Grow Charitable Foundation's revenue has grown by 17.4%, moving from $40K to $47K. Total assets increased by 159.1% over the same period, from $280K to $724K. Total functional expenses rose by 488.8%, from $17K to $102K. In its most recent filing year (2023), Margaret M Grow Charitable Foundation reported a deficit of $55K, with expenses exceeding revenue. The organization holds $1 in liabilities against $724K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $724K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $102K | $724K | $1 | — | — |
| 2022 | $37K | $92K | $672K | $1 | — | — |
| 2021 | $74K | $78K | $728K | $1 | — | — |
| 2020 | $266K | $49K | $731K | $1 | — | — |
| 2019 | $64K | $46K | $505K | $0 | — | View 990 |
| 2015 | $51K | $29K | $368K | $0 | — | View 990 |
| 2014 | $49K | $28K | $347K | $0 | — | View 990 |
| 2013 | $47K | $26K | $326K | $0 | — | View 990 |
| 2012 | $47K | $21K | $305K | $0 | — | View 990 |
| 2011 | $40K | $17K | $280K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $102K, and assets of $724K (revenue +26.2% year-over-year).
- 2022: Revenue of $37K, expenses of $92K, and assets of $672K (revenue -50.2% year-over-year).
- 2021: Revenue of $74K, expenses of $78K, and assets of $728K (revenue -72.2% year-over-year).
- 2020: Revenue of $266K, expenses of $49K, and assets of $731K (revenue +316.2% year-over-year).
- 2019: Revenue of $64K, expenses of $46K, and assets of $505K (revenue +26.0% year-over-year).
- 2015: Revenue of $51K, expenses of $29K, and assets of $368K (revenue +3.5% year-over-year).
- 2014: Revenue of $49K, expenses of $28K, and assets of $347K (revenue +4.2% year-over-year).
- 2013: Revenue of $47K, expenses of $26K, and assets of $326K (revenue +0.4% year-over-year).
- 2012: Revenue of $47K, expenses of $21K, and assets of $305K (revenue +18.1% year-over-year).
- 2011: Revenue of $40K, expenses of $17K, and assets of $280K.
Data Sources and Methodology
This transparency report for Margaret M Grow Charitable 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.