Merit Spread Foundation Inc
EIN: 372057617 · New York, NY · NTEE: T99
| Metric | Value |
|---|---|
| Total Revenue | $13.0M |
| Total Expenses | $6.4M |
| Net Assets | $2.2M |
Is Merit Spread Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Merit Spread Foundation Inc
Merit Spread Foundation Inc (EIN: 372057617) is a nonprofit organization based in New York, NY, classified under NTEE code T99. The organization reported total revenue of $13.0M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merit Spread Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merit Spread Foundation Inc is a large nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.6M |
| Total Expenses | $6.4M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $2.2M |
| Net Assets | $2.2M |
| Operating Margin | 25.9% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Merit Spread Foundation Inc reported a surplus of $2.2M with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Merit Spread Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Merit Spread Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
Frequently Asked Questions about Merit Spread Foundation Inc
Is Merit Spread Foundation Inc a legitimate charity?
Merit Spread Foundation Inc (EIN: 372057617) is a registered tax-exempt nonprofit based in New York. Total revenue: $13.0M. No red flags identified. Financial health grade: A.
How does Merit Spread Foundation Inc spend its money?
Merit Spread Foundation Inc reported $13.0M in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Merit Spread Foundation Inc tax-deductible?
Merit Spread Foundation Inc is registered as a tax-exempt nonprofit (EIN: 372057617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Merit Spread Foundation Inc located?
Merit Spread Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 372057617. It is classified under NTEE code T99.
Filing History
IRS 990 filing history for Merit Spread Foundation Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Merit Spread Foundation Inc reported a surplus of $2.2M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.6M | $6.4M | $2.2M | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merit Spread Foundation Inc:
Data Sources and Methodology
This transparency report for Merit Spread Foundation 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.