Mhe Foundation Inc
Mhe Foundation Inc experiences a sudden and massive increase in revenue and assets in 2023 after years of minimal financial activity.
EIN: 161643939 · Edgewater, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $349K |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| Net Assets | $22.2M |
| Transparency Score | 70/100 |
Is Mhe Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mhe Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mhe Foundation Inc
Mhe Foundation Inc (EIN: 161643939) is a nonprofit organization based in Edgewater, MD, classified under NTEE code T22. The organization reported total revenue of $349K and total assets of $21.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mhe Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mhe Foundation Inc is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 57.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$145K |
| Total Assets | $22.2M |
| Total Liabilities | $1 |
| Net Assets | $22.2M |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 222.3 months |
Financial Health Grade: A
In 2023, Mhe Foundation Inc reported a surplus of $145K with revenue exceeding expenses, holds 222.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mhe Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 57.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3321.8% | +314.8% | +1182.4% |
| 2022 | -12.1% | +60.1% | -7.2% |
| 2021 | +76.5% | -14.3% | -3.9% |
| 2020 | -68.8% | +105.1% | -5.8% |
| 2019 | +774.1% | +50.5% | +1122.6% |
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 Mhe Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mhe Foundation Inc 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 surplus of $145K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is a strong positive for resource allocation.
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 Mhe Foundation Inc's IRS 990 filings:
- Highly inconsistent financial history with a sudden, unexplained surge in revenue and assets in 2023, making trend analysis difficult.
- Prior to 2023, the organization consistently spent more than it earned, indicating potential operational challenges in earlier periods.
Strengths
The following positive indicators were identified for Mhe Foundation Inc:
- Consistently reports 0% officer compensation, indicating strong commitment to directing funds away from executive salaries.
- Significant increase in financial capacity in 2023, with assets reaching over $22 million, potentially enabling greater programmatic impact.
- Very low liabilities reported across all filings ($1), suggesting a healthy balance sheet in terms of debt.
Frequently Asked Questions about Mhe Foundation Inc
Is Mhe Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mhe Foundation Inc (EIN: 161643939) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Mhe Foundation Inc spend its money?
Mhe Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mhe Foundation Inc tax-deductible?
Mhe Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161643939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mhe Foundation Inc's spending goes to programs?
Mhe Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mhe Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Mhe Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mhe Foundation Inc located?
Mhe Foundation Inc is headquartered in Edgewater, Maryland and files with the IRS under EIN 161643939. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mhe Foundation Inc have?
Mhe Foundation Inc 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 $349K in total revenue.
What caused the dramatic increase in revenue and assets in the 2023 fiscal year?
The IRS 990 filings show a jump from $39,328 in revenue and $1,734,474 in assets in 2022 to $1,345,740 in revenue and $22,242,466 in assets in 2023. The specific source of this substantial increase is not detailed in the provided data and would require reviewing the full 990 form for the 2023 period.
How does the organization plan to utilize its significantly increased assets of over $22 million?
With assets growing from $1.7 million to over $22 million in one year, understanding the strategic plan for these funds is crucial. The provided data does not specify how these assets will be deployed for programmatic activities or investments.
What are the specific program activities and their associated costs given the recent increase in expenses to over $1.2 million in 2023?
While total expenses increased significantly to $1,200,578 in 2023, the data does not provide a breakdown of these expenses into program, administrative, or fundraising categories. This detail is essential for assessing spending efficiency.
Filing History
IRS 990 filing history for Mhe Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mhe Foundation Inc's revenue has grown by 22299.1%, moving from $6K to $1.3M. Total assets increased by 9520.6% over the same period, from $231K to $22.2M. Total functional expenses rose by 6904.9%, from $17K to $1.2M. In its most recent filing year (2023), Mhe Foundation Inc reported a surplus of $145K, with revenue exceeding expenses. The organization holds $1 in liabilities against $22.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $22.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $22.2M | $1 | — | View 990 |
| 2022 | $39K | $289K | $1.7M | $1 | — | View 990 |
| 2021 | $45K | $181K | $1.9M | $1 | — | View 990 |
| 2020 | $25K | $211K | $1.9M | $1 | — | View 990 |
| 2019 | $81K | $103K | $2.1M | $1 | — | — |
| 2015 | $9K | $68K | $169K | $1 | — | View 990 |
| 2014 | $13K | $20K | $206K | $1 | — | View 990 |
| 2013 | $10K | $17K | $213K | $1 | — | View 990 |
| 2012 | $11K | $22K | $220K | $1 | — | View 990 |
| 2011 | $6K | $17K | $231K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $22.2M (revenue +3321.8% year-over-year).
- 2022: Revenue of $39K, expenses of $289K, and assets of $1.7M (revenue -12.1% year-over-year).
- 2021: Revenue of $45K, expenses of $181K, and assets of $1.9M (revenue +76.5% year-over-year).
- 2020: Revenue of $25K, expenses of $211K, and assets of $1.9M (revenue -68.8% year-over-year).
- 2019: Revenue of $81K, expenses of $103K, and assets of $2.1M (revenue +774.1% year-over-year).
- 2015: Revenue of $9K, expenses of $68K, and assets of $169K (revenue -30.1% year-over-year).
- 2014: Revenue of $13K, expenses of $20K, and assets of $206K (revenue +39.4% year-over-year).
- 2013: Revenue of $10K, expenses of $17K, and assets of $213K (revenue -13.8% year-over-year).
- 2012: Revenue of $11K, expenses of $22K, and assets of $220K (revenue +84.4% year-over-year).
- 2011: Revenue of $6K, expenses of $17K, and assets of $231K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mhe Foundation Inc:
Data Sources and Methodology
This transparency report for Mhe 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.