Michele & David Mittelman Charitable Foundation
Michele & David Mittelman Charitable Foundation consistently distributes grants with minimal overhead and no officer compensation.
EIN: 206329119 · Boston, MA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $2.1M |
| Program Spending | 95% |
| Net Assets | $13.3M |
| Transparency Score | 90/100 |
Is Michele & David Mittelman Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michele & David Mittelman Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michele & David Mittelman Charitable Foundation
Michele & David Mittelman Charitable Foundation (EIN: 206329119) is a nonprofit organization based in Boston, MA, classified under NTEE code T20. The organization reported total revenue of $8.0M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michele & David Mittelman Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michele & David Mittelman Charitable Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-987,716 |
| Total Assets | $13.3M |
| Total Liabilities | $1 |
| Net Assets | $13.3M |
| Operating Margin | -89.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 76.2 months |
Financial Health Grade: B
In 2023, Michele & David Mittelman Charitable Foundation reported a deficit of $988K with expenses exceeding revenue, holds 76.2 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), Michele & David Mittelman Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.0% | +323.8% | -6.9% |
| 2022 | +672.1% | +31.8% | +13.3% |
| 2021 | +100.1% | +116.1% | -0.7% |
| 2020 | -81.4% | +209.3% | -0.3% |
| 2019 | -38.4% | -90.2% | +30.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Michele & David Mittelman Charitable Foundation with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, Michele & David Mittelman Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $988K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation operates without paid officers or that any administrative functions are handled on a pro bono basis or through other entities, which is common for smaller private 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 Michele & David Mittelman Charitable Foundation's IRS 990 filings:
- Significant fluctuation in annual revenue and expenses, which could indicate inconsistent funding or grantmaking strategies, though common for private foundations.
Strengths
The following positive indicators were identified for Michele & David Mittelman Charitable Foundation:
- Zero officer compensation reported across all filings, indicating extremely low administrative overhead.
- Consistent growth in assets over the long term, from $4.3M in 2011 to $13.3M in 2023, providing a strong base for future grantmaking.
- Minimal liabilities reported ($0 or $1 across all filings), suggesting sound financial management and no significant debt.
- Strong program focus, as nearly all expenses are directed towards grant distributions due to the lack of administrative and fundraising costs.
Frequently Asked Questions about Michele & David Mittelman Charitable Foundation
Is Michele & David Mittelman Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michele & David Mittelman Charitable Foundation (EIN: 206329119) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Michele & David Mittelman Charitable Foundation spend its money?
Michele & David Mittelman Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michele & David Mittelman Charitable Foundation tax-deductible?
Michele & David Mittelman Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206329119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Michele & David Mittelman Charitable Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Michele & David Mittelman Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Michele & David Mittelman Charitable Foundation located?
Michele & David Mittelman Charitable Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 206329119. It is classified under NTEE code T20.
How many years of IRS 990 filings does Michele & David Mittelman Charitable Foundation have?
Michele & David Mittelman Charitable Foundation 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 $8.0M in total revenue.
Is the Michele & David Mittelman Charitable Foundation a good charity?
As a private charitable foundation, it primarily serves as a grant-making entity. Its consistent lack of officer compensation and minimal liabilities suggest a highly efficient operation focused on its mission of distributing funds, making it a 'good' vehicle for philanthropic giving by its founders.
What is the primary financial activity of this foundation?
The primary financial activity is grantmaking, as evidenced by its NTEE code (T20 - Private Grantmaking Foundations) and the nature of its expenses, which, without officer compensation, are almost entirely program-related distributions.
How has the foundation's asset base changed over time?
The foundation's assets have shown significant growth, increasing from $4,322,844 in 2011 to $13,322,299 in 2023, indicating successful asset management and accumulation for future philanthropic endeavors.
Filing History
IRS 990 filing history for Michele & David Mittelman Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michele & David Mittelman Charitable Foundation's revenue has declined by 24%, moving from $1.5M to $1.1M. Total assets increased by 208.2% over the same period, from $4.3M to $13.3M. Total functional expenses rose by 56.1%, from $1.3M to $2.1M. In its most recent filing year (2023), Michele & David Mittelman Charitable Foundation reported a deficit of $988K, with expenses exceeding revenue. The organization holds $1 in liabilities against $13.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $2.1M | $13.3M | $1 | — | View 990 |
| 2022 | $2.2M | $495K | $14.3M | $1 | — | View 990 |
| 2021 | $282K | $376K | $12.6M | $1 | — | View 990 |
| 2020 | $141K | $174K | $12.7M | $1 | — | — |
| 2019 | $757K | $56K | $12.8M | $1 | — | View 990 |
| 2015 | $1.2M | $571K | $9.8M | $0 | — | View 990 |
| 2014 | $4.0M | $3.2M | $9.1M | $0 | — | View 990 |
| 2013 | $4.6M | $973K | $8.2M | $10K | — | View 990 |
| 2012 | $1.5M | $1.3M | $4.5M | $0 | — | View 990 |
| 2011 | $1.5M | $1.3M | $4.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $2.1M, and assets of $13.3M (revenue -49.0% year-over-year).
- 2022: Revenue of $2.2M, expenses of $495K, and assets of $14.3M (revenue +672.1% year-over-year).
- 2021: Revenue of $282K, expenses of $376K, and assets of $12.6M (revenue +100.1% year-over-year).
- 2020: Revenue of $141K, expenses of $174K, and assets of $12.7M (revenue -81.4% year-over-year).
- 2019: Revenue of $757K, expenses of $56K, and assets of $12.8M (revenue -38.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $571K, and assets of $9.8M (revenue -69.6% year-over-year).
- 2014: Revenue of $4.0M, expenses of $3.2M, and assets of $9.1M (revenue -12.5% year-over-year).
- 2013: Revenue of $4.6M, expenses of $973K, and assets of $8.2M (revenue +201.5% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.3M, and assets of $4.5M (revenue +5.0% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.3M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michele & David Mittelman Charitable Foundation:
Data Sources and Methodology
This transparency report for Michele & David Mittelman Charitable 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.