Meghans Mountain Charitablefoundation Inc
Meghans Mountain Charitablefoundation Inc shows volatile financial performance with no officer compensation.
EIN: 205547814 · Louisville, KY · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $155K |
| Program Spending | 80% |
| Net Assets | $11K |
| Transparency Score | 70/100 |
Is Meghans Mountain Charitablefoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meghans Mountain Charitablefoundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meghans Mountain Charitablefoundation Inc
Meghans Mountain Charitablefoundation Inc (EIN: 205547814) is a nonprofit organization based in Louisville, KY, classified under NTEE code P12. The organization reported total revenue of $18K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meghans Mountain Charitablefoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meghans Mountain Charitablefoundation Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $155K |
| Surplus / Deficit | $-37,984 |
| Total Assets | $11K |
| Net Assets | $11K |
| Operating Margin | -32.5% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2024, Meghans Mountain Charitablefoundation Inc reported a deficit of $38K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2012–2024), Meghans Mountain Charitablefoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +281.2% | +1233.7% | -76.8% |
| 2023 | +142.0% | -16.2% | +62.7% |
| 2022 | +168.7% | -52.8% | -3.7% |
| 2021 | -95.7% | -69.8% | -43.8% |
| 2020 | +167.7% | +112.7% | +25.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Meghans Mountain Charitablefoundation Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Meghans Mountain Charitablefoundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is a strong positive for resource allocation directly to its mission.
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 Meghans Mountain Charitablefoundation Inc's IRS 990 filings:
- Inconsistent revenue and expense patterns, leading to deficits in multiple years (e.g., 2024, 2021, 2019, 2018, 2015).
- Significant fluctuation in asset base, from $70,192 in 2017 to $11,466 in 2024, potentially indicating unstable financial reserves.
Strengths
The following positive indicators were identified for Meghans Mountain Charitablefoundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong commitment to mission over executive pay.
- No reported liabilities across all available filings, suggesting sound financial management and no debt burden.
- Demonstrated ability to raise significant funds in certain years (e.g., $116,941 in 2024, $108,617 in 2020).
Frequently Asked Questions about Meghans Mountain Charitablefoundation Inc
Is Meghans Mountain Charitablefoundation Inc a legitimate charity?
Meghans Mountain Charitablefoundation Inc (EIN: 205547814) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $18K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Meghans Mountain Charitablefoundation Inc spend its money?
Meghans Mountain Charitablefoundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Meghans Mountain Charitablefoundation Inc tax-deductible?
Meghans Mountain Charitablefoundation Inc is registered as a tax-exempt nonprofit (EIN: 205547814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Meghans Mountain Charitablefoundation Inc's spending goes to programs?
Meghans Mountain Charitablefoundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Meghans Mountain Charitablefoundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Meghans Mountain Charitablefoundation Inc is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meghans Mountain Charitablefoundation Inc located?
Meghans Mountain Charitablefoundation Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 205547814. It is classified under NTEE code P12.
How many years of IRS 990 filings does Meghans Mountain Charitablefoundation Inc have?
Meghans Mountain Charitablefoundation Inc 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 $18K in total revenue.
Is Meghans Mountain Charitablefoundation Inc financially stable?
The organization's financial stability appears inconsistent, with significant year-to-year fluctuations in revenue and expenses. For example, in 2024, expenses exceeded revenue by over $37,000, while in 2023, revenue significantly surpassed expenses.
How does Meghans Mountain Charitablefoundation Inc manage its assets?
Assets have varied widely, from $70,192 in 2017 to $11,466 in 2024. This fluctuation suggests either significant spending down of assets or inconsistent asset growth, which warrants further investigation into asset management strategies.
What is the organization's spending efficiency?
Without detailed breakdowns of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is difficult. However, the consistent reporting of 0% officer compensation suggests a commitment to minimizing overhead related to executive salaries.
Does the organization have any liabilities?
Across all provided IRS 990 filings, Meghans Mountain Charitablefoundation Inc consistently reports $0 in liabilities, indicating a healthy balance sheet free of debt.
Filing History
IRS 990 filing history for Meghans Mountain Charitablefoundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Meghans Mountain Charitablefoundation Inc's revenue has grown by 254.1%, moving from $33K to $117K. Total assets decreased by 57.4% over the same period, from $27K to $11K. Total functional expenses rose by 150.8%, from $62K to $155K. In its most recent filing year (2024), Meghans Mountain Charitablefoundation Inc reported a deficit of $38K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $117K | $155K | $11K | $0 | — | — |
| 2023 | $31K | $12K | $49K | $0 | — | View 990 |
| 2022 | $13K | $14K | $30K | $0 | — | View 990 |
| 2021 | $5K | $29K | $32K | $0 | — | View 990 |
| 2020 | $109K | $97K | $56K | $0 | — | View 990 |
| 2019 | $41K | $46K | $45K | $0 | — | View 990 |
| 2018 | $19K | $39K | $50K | $0 | — | View 990 |
| 2017 | $68K | $49K | $70K | $0 | — | View 990 |
| 2016 | $44K | $6K | $52K | $0 | — | View 990 |
| 2015 | $8K | $15K | $14K | $0 | — | View 990 |
| 2014 | $8K | $4K | $21K | $0 | — | View 990 |
| 2013 | $7K | $17K | $17K | $0 | — | View 990 |
| 2012 | $33K | $62K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $117K, expenses of $155K, and assets of $11K (revenue +281.2% year-over-year).
- 2023: Revenue of $31K, expenses of $12K, and assets of $49K (revenue +142.0% year-over-year).
- 2022: Revenue of $13K, expenses of $14K, and assets of $30K (revenue +168.7% year-over-year).
- 2021: Revenue of $5K, expenses of $29K, and assets of $32K (revenue -95.7% year-over-year).
- 2020: Revenue of $109K, expenses of $97K, and assets of $56K (revenue +167.7% year-over-year).
- 2019: Revenue of $41K, expenses of $46K, and assets of $45K (revenue +112.0% year-over-year).
- 2018: Revenue of $19K, expenses of $39K, and assets of $50K (revenue -71.7% year-over-year).
- 2017: Revenue of $68K, expenses of $49K, and assets of $70K (revenue +54.9% year-over-year).
- 2016: Revenue of $44K, expenses of $6K, and assets of $52K (revenue +478.0% year-over-year).
- 2015: Revenue of $8K, expenses of $15K, and assets of $14K (revenue -9.2% year-over-year).
- 2014: Revenue of $8K, expenses of $4K, and assets of $21K (revenue +26.0% year-over-year).
- 2013: Revenue of $7K, expenses of $17K, and assets of $17K (revenue -80.0% year-over-year).
- 2012: Revenue of $33K, expenses of $62K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meghans Mountain Charitablefoundation Inc:
Data Sources and Methodology
This transparency report for Meghans Mountain Charitablefoundation Inc 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.