Michael David Falk Foundation Inc
Michael David Falk Foundation Inc. shows inconsistent financial performance with frequent deficits, but reports no officer compensation.
EIN: 136265854 · Boca Raton, FL · Updated: 2026-03-28
Is Michael David Falk Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael David Falk Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Michael David Falk Foundation Inc
Michael David Falk Foundation Inc (EIN: 136265854) is a nonprofit organization based in Boca Raton, FL. The organization reported total revenue of $1.7M and total assets of $274K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael David Falk Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael David Falk Foundation Inc is a mid-size nonprofit that has been operating for 58 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $510K |
| Total Expenses | $511K |
| Surplus / Deficit | $-989 |
| Total Assets | $279K |
| Total Liabilities | $72K |
| Net Assets | $206K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 26.0% |
| Months of Reserves | 6.5 months |
Financial Health Grade: B
In 2023, Michael David Falk Foundation Inc reported a deficit of $989 with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.0% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Michael David Falk Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +119.5% | +1334.4% | -0.4% |
| 2022 | -60.8% | -94.4% | -43.2% |
| 2021 | -18.8% | -57.7% | +62.6% |
| 2020 | +321.4% | +227.2% | -24.4% |
| 2019 | -1.7% | -23.7% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Michael David Falk Foundation Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Michael David Falk Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $989, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is a positive indicator for minimizing administrative costs relative to the organization's size and revenue.
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 Michael David Falk Foundation Inc's IRS 990 filings:
- Frequent periods where expenses significantly exceed revenue, indicating potential financial instability (e.g., 202012 expenses $1,506,025 vs. revenue $730,680).
- Fluctuating and generally decreasing asset base over the long term (from $781,858 in 201212 to $278,981 in 202312).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes full spending efficiency assessment difficult.
- Unknown NTEE code limits understanding of its specific mission and programmatic focus.
Strengths
The following positive indicators were identified for Michael David Falk Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating a commitment to minimizing executive overhead.
- Latest filing (202312) shows expenses ($511,462) closely aligned with revenue ($510,473), suggesting improved financial management in that period.
Frequently Asked Questions about Michael David Falk Foundation Inc
Is Michael David Falk Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael David Falk Foundation Inc (EIN: 136265854) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Michael David Falk Foundation Inc spend its money?
Michael David Falk Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michael David Falk Foundation Inc tax-deductible?
Michael David Falk Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136265854). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Michael David Falk Foundation Inc. financially stable?
The foundation's financial stability appears inconsistent. While the latest filing (202312) shows near break-even, several prior years, such as 202012 and 201312, reported expenses significantly exceeding revenue, suggesting reliance on reserves or other funding to cover operational costs.
How does Michael David Falk Foundation Inc. manage its administrative costs?
The organization reports 0% officer compensation across all filings, which is a strong indicator of low administrative costs in this area. However, a full breakdown of other administrative expenses is not provided in the summary data.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated, decreasing from a high of $781,858 in 201212 to $278,981 in 202312, indicating a general downward trend in its asset base over the long term, despite some periods of increase.
Does the foundation rely on donations or other income sources?
Given the frequent periods where expenses significantly outpaced revenue (e.g., 202012 expenses $1,506,025 vs. revenue $730,680), the foundation likely relies on accumulated assets, prior year surpluses, or other non-operating income to cover its expenditures in deficit years.
Filing History
IRS 990 filing history for Michael David Falk Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michael David Falk Foundation Inc's revenue has grown by 224.1%, moving from $158K to $510K. Total assets decreased by 57% over the same period, from $649K to $279K. Total functional expenses fell by 49.6%, from $1.0M to $511K. In its most recent filing year (2023), Michael David Falk Foundation Inc reported a deficit of $989, with expenses exceeding revenue. The organization holds $72K in liabilities against $279K in assets (debt-to-asset ratio: 26.0%), resulting in net assets of $206K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $510K | $511K | $279K | $72K | — | — |
| 2022 | $233K | $36K | $280K | $368K | — | View 990 |
| 2021 | $594K | $637K | $493K | $352K | — | View 990 |
| 2020 | $731K | $1.5M | $303K | $359K | — | View 990 |
| 2019 | $173K | $460K | $401K | $360K | — | View 990 |
| 2015 | $176K | $603K | $318K | $187K | — | View 990 |
| 2014 | $127K | $483K | $741K | $183K | — | View 990 |
| 2013 | $192K | $1.0M | $666K | $173K | — | View 990 |
| 2012 | $147K | $7K | $782K | $181K | — | View 990 |
| 2011 | $158K | $1.0M | $649K | $188K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $510K, expenses of $511K, and assets of $279K (revenue +119.5% year-over-year).
- 2022: Revenue of $233K, expenses of $36K, and assets of $280K (revenue -60.8% year-over-year).
- 2021: Revenue of $594K, expenses of $637K, and assets of $493K (revenue -18.8% year-over-year).
- 2020: Revenue of $731K, expenses of $1.5M, and assets of $303K (revenue +321.4% year-over-year).
- 2019: Revenue of $173K, expenses of $460K, and assets of $401K (revenue -1.7% year-over-year).
- 2015: Revenue of $176K, expenses of $603K, and assets of $318K (revenue +38.6% year-over-year).
- 2014: Revenue of $127K, expenses of $483K, and assets of $741K (revenue -33.5% year-over-year).
- 2013: Revenue of $192K, expenses of $1.0M, and assets of $666K (revenue +30.7% year-over-year).
- 2012: Revenue of $147K, expenses of $7K, and assets of $782K (revenue -7.0% year-over-year).
- 2011: Revenue of $158K, expenses of $1.0M, and assets of $649K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael David Falk Foundation Inc:
Data Sources and Methodology
This transparency report for Michael David Falk 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.