Mhc Academic Foundation
Mhc Academic Foundation maintains substantial assets with fluctuating revenue and no reported officer compensation.
EIN: 208407010 · Martinsville, VA · NTEE: B114 · Updated: 2026-03-28
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Mhc Academic Foundation is mapped to EIN 208407010.
IRS BMF exempt record needs review
Open IRS TEOS or BMF source before relying on exemption status.
IRS Pub 78 deductibility needs review
Pub 78 eligibility should be verified in IRS TEOS before money changes hands.
IRS automatic revocation needs review
Check the official auto-revocation bulk source or cached evidence before relying on current exemption.
IRS Form 990 index verified
13 stored filing years available.
Raw 990 source linked
Open ProPublica to verify the raw filing record and PDFs.
Filing depth verified
13 stored filing years available.
State charity registration manual confirmation
Open Virginia charity search; the workflow stops for human confirmation unless a stable source is cached.
Candid / GuideStar profile api pending
Candid API access is not configured; open manually and do not count as verified evidence.
Charity Navigator rating api pending
Charity Navigator API access is not configured; open manually and do not count as verified evidence.
Source and Resolution Links
Finish the Investigation Outside Our Dataset
When the answer lives with the IRS, ProPublica, Candid, Charity Navigator, or the nonprofit itself, NonprofitSpending links out instead of trapping the user on a partial answer.
IRS tax-exempt lookup
Verify exemption status and deductibility directly with the IRS.
IRS bulk evidence downloads
Check Pub 78, automatic revocation, 990-N, and Form 990 bulk evidence sources.
IRS EO BMF extract
Open the official Business Master File extract source for tax-exempt organization records.
ProPublica 990 source
Open the raw filing record and filing PDFs outside NonprofitSpending.
Virginia charity search
Confirm state charity registration or solicitation status where applicable.
Candid profile search
Look for GuideStar/Candid profile details, programs, leadership, and seals.
Charity Navigator search
Check whether another evaluator has ratings or impact context.
Workflow Engine
Queries We Should Resolve, Not Just Answer
Search Console demand points to task completion. Each workflow can run calculations, source checks, external lookups, comparisons, and report/export capture around this nonprofit.
Verify tax status Runnable
Triggered by: 501(c)(3), tax deductible, EIN
IRS status check plus source links
Verify official evidence Runnable
Triggered by: IRS Pub 78, BMF, revocation, 990 index, state registration
Official-source evidence matrix with human stops where a state portal must be checked.
Find source filings Runnable
Triggered by: 990 PDF, annual report, filing record
13 stored filing years plus ProPublica source
Crunch money signals Runnable
Triggered by: program expense ratio, CEO salary, revenue, grants
80% program spend, health grade A
Compare alternatives Runnable
Triggered by: best charities, similar nonprofits, compare
4 peer options surfaced
Resolve leadership and board Runnable
Triggered by: executive team, trustees, officer pay
Use 990 compensation disclosures and external profile links.
Donation decision copilot Runnable
Triggered by: should I donate, give or compare, charity safety
Eligibility, money signals, sources, peer context, and next action.
Grantmaker due diligence Runnable
Triggered by: foundation review, grant risk, grantee capacity
Foundation-style packet across filings, finances, governance, and gaps.
Impact evidence finder Runnable
Triggered by: outcomes, annual report, cost effectiveness
Separate actual impact evidence from raw 990 financial cleanliness.
Room for more funding Runnable
Triggered by: would my donation help, funding gap, marginal impact
Revenue trend, runway, surplus/deficit, and source follow-ups.
Operator transparency diagnostic Runnable
Triggered by: how does my nonprofit look to donors
Profile, filing, impact, and transparency improvements to earn trust.
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $284K |
| Program Spending | 80% |
| Net Assets | $14.5M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Mhc Academic Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Mhc Academic Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Mhc Academic Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $763K and expenses of $284K.
Revenue and Expenses
Mhc Academic Foundation reported $763K in revenue and $284K in expenses, a surplus of $479K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Mhc Academic Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $227K (80%) |
Across stored filings, Mhc Academic Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Association Of Small Business Development Centers | Virginia and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Association Of Small Business Development Centers →All Virginia nonprofits
All Education
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Martinsville, VA nonprofitsEducation in Virginia
Education in Virginia
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Education spending
Best Education charities in Virginia
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
The Pharmaceutical Security Institute Inc
Vienna, VA · $1.9M revenue · Score 92/100
Compare side-by-sideAshburn Travel Hockey Inc
Ashburn, VA · $1.1M revenue · Score 92/100
Compare side-by-sideFaithworks Inc
Winchester, VA · $330K revenue · Score 90/100
Compare side-by-sideMetropolitan School Of The Arts
Alexandria, VA · $3.3M revenue · Score 88/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Mhc Academic Foundation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.
Mhc Academic Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mhc Academic Foundation
Mhc Academic Foundation (EIN: 208407010) is a nonprofit organization based in Martinsville, VA, classified under NTEE code B114. The organization reported total revenue of $3.3M and total assets of $16.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mhc Academic Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mhc Academic Foundation is a mid-size 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 -6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $763K |
| Total Expenses | $284K |
| Surplus / Deficit | +$479K |
| Total Assets | $14.5M |
| Total Liabilities | $7K |
| Net Assets | $14.5M |
| Operating Margin | 62.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 612.9 months |
Financial Health Grade: A
In 2024, Mhc Academic Foundation reported a surplus of $479K with revenue exceeding expenses, holds 612.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Mhc Academic Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.0% | -11.6% | +11.3% |
| 2023 | -39.9% | -33.7% | +7.0% |
| 2021 | -860.3% | -5.8% | -26.9% |
| 2020 | -6.4% | -8.5% | -4.2% |
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 Mhc Academic Foundation with a Mission Score of 85 out of 100 (Excellent). 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, Mhc Academic 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $479K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Mhc Academic Foundation consistently reports 0% officer compensation across all available filings, suggesting that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a strong indicator of fiscal conservatism regarding executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mhc Academic Foundation's IRS 990 filings:
- Significant negative revenue reported in 202106 ($-5,080,920) without immediate explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Mhc Academic Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Substantial and stable asset base, currently $16,118,675, providing financial stability.
- Low liabilities across most filing periods, suggesting sound financial management and minimal debt.
- Positive revenue generation in recent periods (202206, 202306, 202406) after a significant dip.
Frequently Asked Questions about Mhc Academic Foundation
Is Mhc Academic Foundation a legitimate charity?
Mhc Academic Foundation (EIN: 208407010) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Mhc Academic Foundation spend its money?
Mhc Academic Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mhc Academic Foundation tax-deductible?
Mhc Academic Foundation is registered as a tax-exempt nonprofit (EIN: 208407010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mhc Academic Foundation's spending goes to programs?
Mhc Academic Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mhc Academic Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mhc Academic Foundation is above average for NTEE category B114 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mhc Academic Foundation located?
Mhc Academic Foundation is headquartered in Martinsville, Virginia and files with the IRS under EIN 208407010. It is classified under NTEE code B114.
How many years of IRS 990 filings does Mhc Academic Foundation have?
Mhc Academic Foundation 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 $3.3M in total revenue.
What caused the $-5,080,920 negative revenue reported in the 202106 filing?
The IRS 990 filing for period 202106 shows a significant negative revenue figure. This could be due to substantial investment losses, a major asset write-down, or a specific accounting adjustment. Further detail from the full 990 filing would be needed to understand the exact nature of this event.
How does Mhc Academic Foundation allocate its expenses between program services, administrative costs, and fundraising?
The provided data only includes total expenses. To fully assess spending efficiency, a detailed breakdown of expenses into program services, administrative costs, and fundraising expenses from the full IRS 990 forms would be necessary.
Given the 0% officer compensation, how is the organization's leadership compensated, if at all?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or their compensation is structured in a way that it is not reported under 'officer compensation' on the 990, such as through a related entity or as contractor fees. This practice generally indicates a commitment to minimizing overhead related to executive salaries.
Filing History
IRS 990 filing history for Mhc Academic Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Mhc Academic Foundation's revenue has declined by 53.7%, moving from $1.6M to $763K. Total assets increased by 466.8% over the same period, from $2.6M to $14.5M. Total functional expenses fell by 79%, from $1.4M to $284K. In its most recent filing year (2024), Mhc Academic Foundation reported a surplus of $479K, with revenue exceeding expenses. The organization holds $7K in liabilities against $14.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $763K | $284K | $14.5M | $7K | — | View 990 |
| 2023 | $670K | $321K | $13.0M | $44K | — | View 990 |
| 2022 | $1.1M | $484K | $12.2M | $6K | — | View 990 |
| 2021 | $-5,080,920 | $1.2M | $13.5M | $3K | — | — |
| 2020 | $668K | $1.3M | $18.5M | $82K | — | View 990 |
| 2019 | $714K | $1.4M | $19.3M | $37K | — | View 990 |
| 2018 | $844K | $1.6M | $19.9M | $19K | — | View 990 |
| 2017 | $1.7M | $2.3M | $21.1M | $604K | — | View 990 |
| 2016 | $2.1M | $2.8M | $21.7M | $800K | — | View 990 |
| 2015 | $3.4M | $3.5M | $22.4M | $788K | — | View 990 |
| 2014 | $9.4M | $2.0M | $23.0M | $1.4M | — | View 990 |
| 2013 | $13.6M | $2.2M | $14.9M | $736K | — | View 990 |
| 2012 | $1.6M | $1.4M | $2.6M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $763K, expenses of $284K, and assets of $14.5M (revenue +14.0% year-over-year).
- 2023: Revenue of $670K, expenses of $321K, and assets of $13.0M (revenue -39.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $484K, and assets of $12.2M.
- 2021: Revenue of $-5,080,920, expenses of $1.2M, and assets of $13.5M (revenue -860.3% year-over-year).
- 2020: Revenue of $668K, expenses of $1.3M, and assets of $18.5M (revenue -6.4% year-over-year).
- 2019: Revenue of $714K, expenses of $1.4M, and assets of $19.3M (revenue -15.4% year-over-year).
- 2018: Revenue of $844K, expenses of $1.6M, and assets of $19.9M (revenue -51.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.3M, and assets of $21.1M (revenue -17.1% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.8M, and assets of $21.7M (revenue -38.8% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.5M, and assets of $22.4M (revenue -63.2% year-over-year).
- 2014: Revenue of $9.4M, expenses of $2.0M, and assets of $23.0M (revenue -31.5% year-over-year).
- 2013: Revenue of $13.6M, expenses of $2.2M, and assets of $14.9M (revenue +727.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.4M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mhc Academic Foundation:
Data Sources and Methodology
This transparency report for Mhc Academic 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.