Mhhc Foundation Inc
Mhhc Foundation Inc experiences extreme revenue volatility with significant asset growth and no reported officer compensation.
EIN: 133276364 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.2M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| Net Assets | $73.8M |
| Transparency Score | 85/100 |
Is Mhhc Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mhhc Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mhhc Foundation Inc
Mhhc Foundation Inc (EIN: 133276364) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $17.2M and total assets of $62.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mhhc Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mhhc Foundation Inc is a large nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$919K |
| Total Assets | $74.3M |
| Total Liabilities | $460K |
| Net Assets | $73.8M |
| Operating Margin | 40.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 649.4 months |
Financial Health Grade: A
In 2023, Mhhc Foundation Inc reported a surplus of $919K with revenue exceeding expenses, holds 649.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Mhhc Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.7% | +117.4% | +1.2% |
| 2022 | +21115.0% | +258.4% | +1495.1% |
| 2021 | -29.4% | -45.3% | +3.5% |
| 2020 | +13.9% | -35.6% | -1.3% |
| 2019 | -50.0% | -76.9% | -8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Mhhc Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mhhc Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $919K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Mhhc Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, or they are compensated through other entities, which is a strong positive for minimizing executive overhead.
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 Mhhc Foundation Inc's IRS 990 filings:
- Extreme revenue volatility makes financial planning and consistent operational assessment difficult.
- Lack of detailed expense breakdown (program vs. admin/fundraising) in summary data limits efficiency analysis.
Strengths
The following positive indicators were identified for Mhhc Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Significant asset growth from $4,601,148 in 2021 to $74,280,167 in 2023, demonstrating strong financial accumulation.
- Expenses generally lower than revenue in most periods, indicating financial solvency and ability to build reserves.
Frequently Asked Questions about Mhhc Foundation Inc
Is Mhhc Foundation Inc a legitimate charity?
Mhhc Foundation Inc (EIN: 133276364) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $17.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Mhhc Foundation Inc spend its money?
Mhhc Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mhhc Foundation Inc tax-deductible?
Mhhc Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133276364). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mhhc Foundation Inc's spending goes to programs?
Mhhc Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mhhc Foundation Inc located?
Mhhc Foundation Inc is headquartered in Bronx, New York and files with the IRS under EIN 133276364.
How many years of IRS 990 filings does Mhhc Foundation Inc have?
Mhhc Foundation Inc has 14 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 $17.2M in total revenue.
What caused the massive revenue spike to $69,412,819 in fiscal year 2022?
The provided data does not specify the source of this extraordinary revenue. It could be a large one-time donation, a significant grant, or an asset transfer, which would require reviewing the full IRS Form 990 for Schedule B (Contributors) or other relevant schedules.
How does Mhhc Foundation Inc manage to operate with 0% reported officer compensation?
This could imply that officers are volunteers, compensated by a related entity, or that their compensation falls under a different reporting category not captured as 'Officer Comp' in the summary data. Further investigation into the full 990 form, particularly Part VII, Section A, would be necessary.
What are the specific program activities and their associated costs?
The provided summary data does not detail program activities or their specific costs. A review of Part III of the full IRS Form 990, 'Statement of Program Service Accomplishments,' would provide this information.
Given the high revenue in 2022 and low expenses, what was the disposition of the significant surplus?
The surplus likely contributed to the substantial increase in assets, which grew from $4,601,148 in 2021 to $73,392,206 in 2022. The specific allocation of these funds would be detailed in the organization's financial statements within the full 990.
Filing History
IRS 990 filing history for Mhhc Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Mhhc Foundation Inc's revenue has grown by 872.3%, moving from $236K to $2.3M. Total assets increased by 1812.1% over the same period, from $3.9M to $74.3M. Total functional expenses rose by 848.7%, from $145K to $1.4M. In its most recent filing year (2023), Mhhc Foundation Inc reported a surplus of $919K, with revenue exceeding expenses. The organization holds $460K in liabilities against $74.3M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $73.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.4M | $74.3M | $460K | — | — |
| 2022 | $69.4M | $631K | $73.4M | $30K | — | View 990 |
| 2021 | $327K | $176K | $4.6M | $2.2M | — | View 990 |
| 2020 | $463K | $322K | $4.4M | $2.1M | — | View 990 |
| 2019 | $407K | $500K | $4.5M | $2.3M | — | View 990 |
| 2018 | $814K | $2.2M | $4.9M | $2.6M | — | View 990 |
| 2017 | $329K | $254K | $4.8M | $922K | — | View 990 |
| 2017 | $204K | $258K | $5.9M | $520K | — | View 990 |
| 2016 | $255K | $182K | $5.5M | $66K | — | View 990 |
| 2015 | $514K | $228K | $5.5M | $147K | — | View 990 |
| 2014 | $596K | $209K | $5.2M | $103K | — | View 990 |
| 2013 | $722K | $141K | $4.8M | $59K | — | View 990 |
| 2012 | $492K | $165K | $4.2M | $117K | — | View 990 |
| 2011 | $236K | $145K | $3.9M | $95K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.4M, and assets of $74.3M (revenue -96.7% year-over-year).
- 2022: Revenue of $69.4M, expenses of $631K, and assets of $73.4M (revenue +21115.0% year-over-year).
- 2021: Revenue of $327K, expenses of $176K, and assets of $4.6M (revenue -29.4% year-over-year).
- 2020: Revenue of $463K, expenses of $322K, and assets of $4.4M (revenue +13.9% year-over-year).
- 2019: Revenue of $407K, expenses of $500K, and assets of $4.5M (revenue -50.0% year-over-year).
- 2018: Revenue of $814K, expenses of $2.2M, and assets of $4.9M (revenue +147.6% year-over-year).
- 2017: Revenue of $329K, expenses of $254K, and assets of $4.8M (revenue +60.9% year-over-year).
- 2017: Revenue of $204K, expenses of $258K, and assets of $5.9M (revenue -20.0% year-over-year).
- 2016: Revenue of $255K, expenses of $182K, and assets of $5.5M (revenue -50.3% year-over-year).
- 2015: Revenue of $514K, expenses of $228K, and assets of $5.5M (revenue -13.7% year-over-year).
- 2014: Revenue of $596K, expenses of $209K, and assets of $5.2M (revenue -17.5% year-over-year).
- 2013: Revenue of $722K, expenses of $141K, and assets of $4.8M (revenue +46.7% year-over-year).
- 2012: Revenue of $492K, expenses of $165K, and assets of $4.2M (revenue +108.8% year-over-year).
- 2011: Revenue of $236K, expenses of $145K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mhhc Foundation Inc:
Data Sources and Methodology
This transparency report for Mhhc 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.