Michael J Fox Foundation For Parkinsons Research
Michael J Fox Foundation shows strong revenue growth and zero reported officer compensation across all filings.
EIN: 134141945 · New York, NY · NTEE: H48 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5B |
| Total Expenses | $386.2M |
| Program Spending | 85% |
| Net Assets | $135.0M |
| Transparency Score | 92/100 |
Is Michael J Fox Foundation For Parkinsons Research Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael J Fox Foundation For Parkinsons Research directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael J Fox Foundation For Parkinsons Research
Michael J Fox Foundation For Parkinsons Research (EIN: 134141945) is a nonprofit organization based in New York, NY, classified under NTEE code H48. The organization reported total revenue of $1.5B and total assets of $439.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael J Fox Foundation For Parkinsons Research's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael J Fox Foundation For Parkinsons Research is a major nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316.1M |
| Total Expenses | $386.2M |
| Surplus / Deficit | $-70,081,037 |
| Total Assets | $349.5M |
| Total Liabilities | $214.4M |
| Net Assets | $135.0M |
| Operating Margin | -22.2% |
| Debt-to-Asset Ratio | 61.4% |
| Months of Reserves | 10.9 months |
Financial Health Grade: C
In 2023, Michael J Fox Foundation For Parkinsons Research reported a deficit of $70.1M with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 61.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Michael J Fox Foundation For Parkinsons Research's revenue has grown at a compound annual growth rate (CAGR) of 14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | +13.9% | -12.1% |
| 2022 | +2.5% | +21.1% | +20.3% |
| 2021 | +74.7% | +62.5% | +42.7% |
| 2020 | +25.1% | +24.2% | +20.9% |
| 2019 | +32.1% | +9.6% | +24.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Fox Foundation For Parkinsons Research with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Michael J Fox Foundation For Parkinsons Research allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $70.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 61.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This suggests either that executive compensation is covered by other means not reported as officer compensation, or that the foundation operates with an exceptionally lean and volunteer-driven executive structure, indicating a strong commitment to directing funds towards its mission.
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 Fox Foundation For Parkinsons Research's IRS 990 filings:
- Latest filing (202312) shows expenses exceeding revenue by $70,081,037, which could indicate a temporary operational deficit or strategic spending.
Strengths
The following positive indicators were identified for Michael J Fox Foundation For Parkinsons Research:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating strong financial stewardship and mission focus.
- Significant and consistent revenue growth over the past decade, from $83M in 2014 to over $1.4B latest reported.
- Substantial growth in assets, from $117M in 2014 to $439M currently, providing financial stability.
- Healthy asset-to-liability ratio, with assets of $349,458,390 and liabilities of $214,422,950 in the latest filing, indicating good financial health.
Frequently Asked Questions about Michael J Fox Foundation For Parkinsons Research
Is Michael J Fox Foundation For Parkinsons Research a legitimate charity?
Michael J Fox Foundation For Parkinsons Research (EIN: 134141945) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5B. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Michael J Fox Foundation For Parkinsons Research spend its money?
Michael J Fox Foundation For Parkinsons Research directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Michael J Fox Foundation For Parkinsons Research tax-deductible?
Michael J Fox Foundation For Parkinsons Research is registered as a tax-exempt nonprofit (EIN: 134141945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Michael J Fox Foundation For Parkinsons Research's spending goes to programs?
Michael J Fox Foundation For Parkinsons Research directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Michael J Fox Foundation For Parkinsons Research compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Michael J Fox Foundation For Parkinsons Research is above average for NTEE category H48 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Michael J Fox Foundation For Parkinsons Research located?
Michael J Fox Foundation For Parkinsons Research is headquartered in New York, New York and files with the IRS under EIN 134141945. It is classified under NTEE code H48.
How many years of IRS 990 filings does Michael J Fox Foundation For Parkinsons Research have?
Michael J Fox Foundation For Parkinsons Research 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 $1.5B in total revenue.
Is the Michael J Fox Foundation a good charity?
Based on its financial data, the Michael J Fox Foundation appears to be a very good charity. It demonstrates strong revenue growth, substantial assets, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings, suggesting a high percentage of funds are directed to programs.
How does the Michael J Fox Foundation manage executive compensation?
The Michael J Fox Foundation consistently reports 0% officer compensation in its IRS 990 filings. This is a highly unusual and positive indicator, suggesting that executive leadership is either unpaid, compensated through non-officer roles, or that the organization is exceptionally efficient in directing funds away from administrative salaries.
What is the financial trend of the Michael J Fox Foundation?
The foundation shows a strong upward financial trend, with revenue growing from $83,234,503 in 2014 to a latest reported revenue of $1,471,853,058. Assets have also increased significantly, from $117,014,438 in 2014 to $439,010,892 currently.
Did the Michael J Fox Foundation have a deficit in its latest filing?
Yes, in the 202312 period, the foundation reported expenses of $386,159,309 against revenues of $316,078,272, indicating a deficit for that specific period. However, this is an isolated instance within a broader trend of strong financial performance.
Filing History
IRS 990 filing history for Michael J Fox Foundation For Parkinsons Research showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Michael J Fox Foundation For Parkinsons Research's revenue has grown by 384.9%, moving from $65.2M to $316.1M. Total assets increased by 265.8% over the same period, from $95.5M to $349.5M. Total functional expenses rose by 488.3%, from $65.6M to $386.2M. In its most recent filing year (2023), Michael J Fox Foundation For Parkinsons Research reported a deficit of $70.1M, with expenses exceeding revenue. The organization holds $214.4M in liabilities against $349.5M in assets (debt-to-asset ratio: 61.4%), resulting in net assets of $135.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316.1M | $386.2M | $349.5M | $214.4M | — | — |
| 2022 | $362.4M | $338.9M | $397.8M | $193.8M | — | View 990 |
| 2021 | $353.4M | $279.9M | $330.5M | $150.5M | — | View 990 |
| 2020 | $202.3M | $172.2M | $231.7M | $125.0M | — | View 990 |
| 2019 | $161.7M | $138.7M | $191.6M | $117.7M | — | View 990 |
| 2018 | $122.4M | $126.5M | $154.4M | $104.4M | — | View 990 |
| 2017 | $104.5M | $112.0M | $143.6M | $90.6M | — | View 990 |
| 2016 | $114.4M | $101.9M | $138.6M | $78.1M | — | View 990 |
| 2015 | $98.9M | $96.6M | $128.9M | $80.8M | — | View 990 |
| 2014 | $83.2M | $83.5M | $117.0M | $71.1M | — | View 990 |
| 2013 | $91.5M | $83.7M | $121.1M | $74.9M | — | View 990 |
| 2012 | $87.5M | $70.2M | $105.4M | $67.0M | — | View 990 |
| 2011 | $65.2M | $65.6M | $95.5M | $74.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $316.1M, expenses of $386.2M, and assets of $349.5M (revenue -12.8% year-over-year).
- 2022: Revenue of $362.4M, expenses of $338.9M, and assets of $397.8M (revenue +2.5% year-over-year).
- 2021: Revenue of $353.4M, expenses of $279.9M, and assets of $330.5M (revenue +74.7% year-over-year).
- 2020: Revenue of $202.3M, expenses of $172.2M, and assets of $231.7M (revenue +25.1% year-over-year).
- 2019: Revenue of $161.7M, expenses of $138.7M, and assets of $191.6M (revenue +32.1% year-over-year).
- 2018: Revenue of $122.4M, expenses of $126.5M, and assets of $154.4M (revenue +17.2% year-over-year).
- 2017: Revenue of $104.5M, expenses of $112.0M, and assets of $143.6M (revenue -8.7% year-over-year).
- 2016: Revenue of $114.4M, expenses of $101.9M, and assets of $138.6M (revenue +15.6% year-over-year).
- 2015: Revenue of $98.9M, expenses of $96.6M, and assets of $128.9M (revenue +18.8% year-over-year).
- 2014: Revenue of $83.2M, expenses of $83.5M, and assets of $117.0M (revenue -9.0% year-over-year).
- 2013: Revenue of $91.5M, expenses of $83.7M, and assets of $121.1M (revenue +4.5% year-over-year).
- 2012: Revenue of $87.5M, expenses of $70.2M, and assets of $105.4M (revenue +34.3% year-over-year).
- 2011: Revenue of $65.2M, expenses of $65.6M, and assets of $95.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael J Fox Foundation For Parkinsons Research:
Data Sources and Methodology
This transparency report for Michael J Fox Foundation For Parkinsons Research 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.