Margulf Foundation
Margulf Foundation maintains substantial assets despite volatile revenue and consistent operating deficits.
EIN: 132927245 · Glendale, CO · Updated: 2026-03-28
Is Margulf Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margulf Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margulf Foundation
Margulf Foundation (EIN: 132927245) is a nonprofit organization based in Glendale, CO. The organization reported total revenue of $4.2M and total assets of $279.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margulf Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margulf Foundation is a mid-size nonprofit that has been operating for 48 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $11.7M |
| Surplus / Deficit | $-6,347,790 |
| Total Assets | $249.6M |
| Total Liabilities | $137K |
| Net Assets | $249.5M |
| Operating Margin | -119.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 257.1 months |
Financial Health Grade: B
In 2023, Margulf Foundation reported a deficit of $6.3M with expenses exceeding revenue, holds 257.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Margulf Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.0% | -11.9% | +3.3% |
| 2022 | +60.6% | -5.6% | -13.3% |
| 2020 | -102.8% | +35.4% | +6.4% |
| 2019 | +57959.8% | +248.7% | +1906.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Margulf Foundation with a Mission Score of 70 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, Margulf 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the foundation, which is highly favorable for minimizing administrative overhead.
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 Margulf Foundation's IRS 990 filings:
- Consistent operating deficits (e.g., $5,304,883 revenue vs. $11,652,673 expenses in 2023)
- Highly volatile revenue streams, including a negative revenue year in 2020
- NTEE code is unknown, limiting understanding of programmatic focus
Strengths
The following positive indicators were identified for Margulf Foundation:
- Substantial and growing asset base ($279,836,388 latest assets)
- Consistent reporting of 0% officer compensation, indicating low administrative overhead for executive pay
- Long filing history (10 filings) suggests established operations
Frequently Asked Questions about Margulf Foundation
Is Margulf Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Margulf Foundation (EIN: 132927245) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Margulf Foundation spend its money?
Margulf Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margulf Foundation tax-deductible?
Margulf Foundation is registered as a tax-exempt nonprofit (EIN: 132927245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Margulf Foundation financially stable?
While the foundation has substantial assets ($279,836,388 in the latest period), its operational revenue has been highly inconsistent, often falling short of expenses (e.g., $5,304,883 revenue vs. $11,652,673 expenses in 2023). Its stability likely relies on its large endowment rather than consistent annual operating surpluses.
What is the trend in the foundation's assets?
The foundation's assets have grown significantly over the years, from $15,718,743 in 2011 to $279,836,388 in the latest period, indicating strong asset management or substantial contributions over time.
How does Margulf Foundation manage executive compensation?
The Margulf Foundation consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission rather than executive salaries.
Why is there such high revenue volatility?
The extreme fluctuations in revenue, including a negative revenue year in 2020 and a very high year in 2019, suggest that a significant portion of its income may come from investment gains, large one-time contributions, or asset sales, rather than predictable program service revenue.
Filing History
IRS 990 filing history for Margulf Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margulf Foundation's revenue has grown by 66.4%, moving from $3.2M to $5.3M. Total assets increased by 1488.2% over the same period, from $15.7M to $249.6M. Total functional expenses rose by 798%, from $1.3M to $11.7M. In its most recent filing year (2023), Margulf Foundation reported a deficit of $6.3M, with expenses exceeding revenue. The organization holds $137K in liabilities against $249.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $249.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.3M | $11.7M | $249.6M | $137K | — | View 990 |
| 2022 | $12.9M | $13.2M | $241.7M | $103K | — | View 990 |
| 2021 | $8.1M | $14.0M | $278.9M | $107K | — | View 990 |
| 2020 | $-3,558,834 | $9.4M | $253.6M | $68K | — | — |
| 2019 | $126.8M | $6.9M | $238.4M | $236K | — | View 990 |
| 2015 | $218K | $2.0M | $11.9M | $2K | — | View 990 |
| 2014 | $242K | $1.0M | $13.7M | $31K | — | View 990 |
| 2013 | $268K | $503K | $14.4M | $9K | — | — |
| 2012 | $557K | $1.6M | $14.7M | $8K | — | View 990 |
| 2011 | $3.2M | $1.3M | $15.7M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.3M, expenses of $11.7M, and assets of $249.6M (revenue -59.0% year-over-year).
- 2022: Revenue of $12.9M, expenses of $13.2M, and assets of $241.7M (revenue +60.6% year-over-year).
- 2021: Revenue of $8.1M, expenses of $14.0M, and assets of $278.9M.
- 2020: Revenue of $-3,558,834, expenses of $9.4M, and assets of $253.6M (revenue -102.8% year-over-year).
- 2019: Revenue of $126.8M, expenses of $6.9M, and assets of $238.4M (revenue +57959.8% year-over-year).
- 2015: Revenue of $218K, expenses of $2.0M, and assets of $11.9M (revenue -9.7% year-over-year).
- 2014: Revenue of $242K, expenses of $1.0M, and assets of $13.7M (revenue -9.9% year-over-year).
- 2013: Revenue of $268K, expenses of $503K, and assets of $14.4M (revenue -51.8% year-over-year).
- 2012: Revenue of $557K, expenses of $1.6M, and assets of $14.7M (revenue -82.5% year-over-year).
- 2011: Revenue of $3.2M, expenses of $1.3M, and assets of $15.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margulf Foundation:
Data Sources and Methodology
This transparency report for Margulf 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.