Michael J And Leslie A Omalley Family Foundation
Michael J And Leslie A Omalley Family Foundation consistently spends significantly more than it earns, depleting assets.
EIN: 208076039 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Michael J And Leslie A Omalley Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael J And Leslie A Omalley Family Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Michael J And Leslie A Omalley Family Foundation
Michael J And Leslie A Omalley Family Foundation (EIN: 208076039) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $110 and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael J And Leslie A Omalley Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael J And Leslie A Omalley Family Foundation is a micro nonprofit that has been operating for 18 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -10.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $110 |
| Total Expenses | $22K |
| Surplus / Deficit | $-21,917 |
| Total Assets | $68K |
| Total Liabilities | $1 |
| Net Assets | $68K |
| Operating Margin | -19924.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 37.1 months |
Financial Health Grade: B
In 2020, Michael J And Leslie A Omalley Family Foundation reported a deficit of $22K with expenses exceeding revenue, holds 37.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Michael J And Leslie A Omalley Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -99.9% | -81.3% | -24.3% |
| 2019 | +202962.2% | +198.6% | +2.8% |
| 2015 | -51.6% | +18.1% | -31.0% |
| 2014 | -16.4% | -0.5% | -20.8% |
| 2013 | -8.5% | +126.0% | -17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2008 |
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 J And Leslie A Omalley Family Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Michael J And Leslie A Omalley Family Foundation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the foundation, which is common for smaller family foundations.
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 J And Leslie A Omalley Family Foundation's IRS 990 filings:
- Consistent and significant deficit spending (e.g., $110 revenue vs. $22,027 expenses in 202012).
- Steady decline in total assets over time, indicating asset depletion ($208,361 in 201112 to $68,108 in 202012).
- Very low reported revenue in most years, suggesting a lack of ongoing financial support or investment income.
Strengths
The following positive indicators were identified for Michael J And Leslie A Omalley Family Foundation:
- No reported officer compensation, indicating volunteer leadership.
- Consistently low liabilities ($1), suggesting no significant debt burden.
Frequently Asked Questions about Michael J And Leslie A Omalley Family Foundation
Is Michael J And Leslie A Omalley Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael J And Leslie A Omalley Family Foundation (EIN: 208076039) significant concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
How does Michael J And Leslie A Omalley Family Foundation spend its money?
Michael J And Leslie A Omalley Family Foundation directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michael J And Leslie A Omalley Family Foundation tax-deductible?
Michael J And Leslie A Omalley Family Foundation is registered as a tax-exempt nonprofit (EIN: 208076039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Michael J And Leslie A Omalley Family Foundation financially sustainable?
Based on the consistent trend of expenses significantly exceeding revenue (e.g., $22,027 expenses vs. $110 revenue in 202012), and the steady decline in assets from $208,361 to $68,108 over the past decade, the foundation's current financial model appears unsustainable in the long term.
What is the primary source of funding for this foundation?
The filings show very low revenue figures in most years, suggesting that the foundation primarily operates by drawing down its existing asset base rather than through significant ongoing fundraising or investment income.
How does the foundation manage its expenses given its low revenue?
The foundation manages its expenses by liquidating its assets. Its asset base has decreased from $208,361 in 201112 to $68,108 in 202012, indicating that it is using its principal to cover operational costs.
Filing History
IRS 990 filing history for Michael J And Leslie A Omalley Family Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Michael J And Leslie A Omalley Family Foundation's revenue has declined by 62.7%, moving from $295 to $110. Total assets decreased by 67.3% over the same period, from $208K to $68K. Total functional expenses fell by 30.9%, from $32K to $22K. In its most recent filing year (2020), Michael J And Leslie A Omalley Family Foundation reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1 in liabilities against $68K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $68K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $110 | $22K | $68K | $1 | — | View 990 |
| 2019 | $150K | $118K | $90K | $1 | — | View 990 |
| 2015 | $74 | $39K | $88K | $1 | — | View 990 |
| 2014 | $153 | $33K | $127K | $1 | — | View 990 |
| 2013 | $183 | $34K | $160K | $1 | — | View 990 |
| 2012 | $200 | $15K | $194K | $1 | — | View 990 |
| 2011 | $295 | $32K | $208K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $110, expenses of $22K, and assets of $68K (revenue -99.9% year-over-year).
- 2019: Revenue of $150K, expenses of $118K, and assets of $90K (revenue +202962.2% year-over-year).
- 2015: Revenue of $74, expenses of $39K, and assets of $88K (revenue -51.6% year-over-year).
- 2014: Revenue of $153, expenses of $33K, and assets of $127K (revenue -16.4% year-over-year).
- 2013: Revenue of $183, expenses of $34K, and assets of $160K (revenue -8.5% year-over-year).
- 2012: Revenue of $200, expenses of $15K, and assets of $194K (revenue -32.2% year-over-year).
- 2011: Revenue of $295, expenses of $32K, and assets of $208K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael J And Leslie A Omalley Family Foundation:
Data Sources and Methodology
This transparency report for Michael J And Leslie A Omalley Family 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.