Mary Catherine Kilday & George W Malzone Foundation
Mary Catherine Kilday & George W Malzone Foundation's assets have declined by over 78% in a decade, with expenses consistently exceeding revenue.
EIN: 200095313 · Washington, DC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $52K |
| Program Spending | 80% |
| Net Assets | $197K |
| Transparency Score | 55/100 |
Is Mary Catherine Kilday & George W Malzone Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary Catherine Kilday & George W Malzone Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mary Catherine Kilday & George W Malzone Foundation
Mary Catherine Kilday & George W Malzone Foundation (EIN: 200095313) is a nonprofit organization based in Washington, DC, classified under NTEE code T22. The organization reported total revenue of $253K and total assets of $110K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Catherine Kilday & George W Malzone Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Catherine Kilday & George W Malzone Foundation is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -204.4% | -23.6% | -22.8% |
| 2022 | -78.0% | -5.3% | -19.5% |
| 2021 | +19.3% | -10.1% | -12.3% |
| 2020 | +29.2% | +0.2% | -13.6% |
| 2019 | -31.1% | -25.3% | -39.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Mary Catherine Kilday & George W Malzone Foundation with a Mission Score of 55 out of 100 (Fair). 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, Mary Catherine Kilday & George W Malzone 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is commendable for an organization 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 Mary Catherine Kilday & George W Malzone Foundation's IRS 990 filings:
- Consistent and significant decline in assets over the past decade (from $930,036 in 2011 to $196,657 in 2023).
- Expenses frequently exceed revenue, indicating an unsustainable operational model (e.g., 2023 revenue of -$6,237 vs. expenses of $51,772).
- Negative revenue reported in some periods (e.g., -$6,237 in 2023), which is highly unusual and concerning.
Strengths
The following positive indicators were identified for Mary Catherine Kilday & George W Malzone Foundation:
- 0% officer compensation reported across all filings, demonstrating a commitment to minimizing administrative overhead for executive pay.
- Low liabilities reported ($1 in recent years), indicating good management of debt.
Frequently Asked Questions about Mary Catherine Kilday & George W Malzone Foundation
Is Mary Catherine Kilday & George W Malzone Foundation a legitimate charity?
Mary Catherine Kilday & George W Malzone Foundation (EIN: 200095313) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $253K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Mary Catherine Kilday & George W Malzone Foundation spend its money?
Mary Catherine Kilday & George W Malzone Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mary Catherine Kilday & George W Malzone Foundation tax-deductible?
Mary Catherine Kilday & George W Malzone Foundation is registered as a tax-exempt nonprofit (EIN: 200095313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mary Catherine Kilday & George W Malzone Foundation's spending goes to programs?
Mary Catherine Kilday & George W Malzone Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mary Catherine Kilday & George W Malzone Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Mary Catherine Kilday & George W Malzone Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mary Catherine Kilday & George W Malzone Foundation located?
Mary Catherine Kilday & George W Malzone Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 200095313. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mary Catherine Kilday & George W Malzone Foundation have?
Mary Catherine Kilday & George W Malzone Foundation has 10 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 $253K in total revenue.
Is the Mary Catherine Kilday & George W Malzone Foundation financially sustainable?
Based on the provided data, the foundation's financial sustainability is questionable. Its assets have consistently declined from $930,036 in 2011 to $196,657 in 2023, and expenses have frequently exceeded revenue, indicating a reliance on spending down its principal.
What is the primary cause of the asset decline?
The primary cause appears to be expenses consistently outpacing revenue. For example, in 2023, expenses were $51,772 while revenue was -$6,237, leading to a net loss that draws from the asset base.
How does the foundation fund its operations?
Given the negative or low revenue in recent years and consistent expenses, the foundation appears to be funding its operations primarily by drawing down its existing asset base, rather than through robust incoming contributions or investment income.
Filing History
IRS 990 filing history for Mary Catherine Kilday & George W Malzone Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mary Catherine Kilday & George W Malzone Foundation's revenue has declined by 111.1%, moving from $56K to $-6,237. Total assets decreased by 78.9% over the same period, from $930K to $197K. Total functional expenses fell by 61%, from $133K to $52K. The organization holds $1 in liabilities against $197K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $197K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-6,237 | $52K | $197K | $1 | — | View 990 |
| 2022 | $6K | $68K | $255K | $1 | — | View 990 |
| 2021 | $27K | $72K | $316K | $1 | — | — |
| 2020 | $23K | $80K | $361K | $1 | — | View 990 |
| 2019 | $18K | $80K | $418K | $0 | — | View 990 |
| 2015 | $26K | $106K | $685K | $0 | — | View 990 |
| 2014 | $119K | $102K | $766K | $0 | — | View 990 |
| 2013 | $64K | $148K | $749K | $0 | — | View 990 |
| 2012 | $56K | $151K | $832K | $0 | — | View 990 |
| 2011 | $56K | $133K | $930K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-6,237, expenses of $52K, and assets of $197K (revenue -204.4% year-over-year).
- 2022: Revenue of $6K, expenses of $68K, and assets of $255K (revenue -78.0% year-over-year).
- 2021: Revenue of $27K, expenses of $72K, and assets of $316K (revenue +19.3% year-over-year).
- 2020: Revenue of $23K, expenses of $80K, and assets of $361K (revenue +29.2% year-over-year).
- 2019: Revenue of $18K, expenses of $80K, and assets of $418K (revenue -31.1% year-over-year).
- 2015: Revenue of $26K, expenses of $106K, and assets of $685K (revenue -78.6% year-over-year).
- 2014: Revenue of $119K, expenses of $102K, and assets of $766K (revenue +86.9% year-over-year).
- 2013: Revenue of $64K, expenses of $148K, and assets of $749K (revenue +15.2% year-over-year).
- 2012: Revenue of $56K, expenses of $151K, and assets of $832K (revenue -1.1% year-over-year).
- 2011: Revenue of $56K, expenses of $133K, and assets of $930K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Catherine Kilday & George W Malzone Foundation:
Data Sources and Methodology
This transparency report for Mary Catherine Kilday & George W Malzone 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.