Michele Malanga Foundation
EIN: 516521243 · Bluffton, SC
| Metric | Value |
|---|---|
| Total Expenses | $79K |
| Net Assets | $6K |
Is Michele Malanga Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michele Malanga Foundation
Michele Malanga Foundation (EIN: 516521243) is a nonprofit organization based in Bluffton, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michele Malanga Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michele Malanga Foundation is a micro nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 101.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $79K |
| Surplus / Deficit | $-29,575 |
| Total Assets | $6K |
| Total Liabilities | $1 |
| Net Assets | $6K |
| Operating Margin | -59.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2016, Michele Malanga Foundation reported a deficit of $30K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2016), Michele Malanga Foundation's revenue has grown at a compound annual growth rate (CAGR) of 101.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -50.0% | -20.1% | -82.9% |
| 2015 | +93.6% | +18.4% | +0.9% |
| 2014 | -43.9% | +34.3% | -47.9% |
| 2013 | +57.2% | +49.3% | +76.4% |
| 2012 | +3748.3% | -9.5% | +75.8% |
AI Analysis Pending
AI enrichment for Michele Malanga Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Michele Malanga Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Michele Malanga Foundation
Is Michele Malanga Foundation a legitimate charity?
Michele Malanga Foundation (EIN: 516521243) is a registered tax-exempt nonprofit based in South Carolina. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Michele Malanga Foundation spend its money?
Michele Malanga Foundation reported its financials in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Michele Malanga Foundation tax-deductible?
Michele Malanga Foundation is registered as a tax-exempt nonprofit (EIN: 516521243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michele Malanga Foundation located?
Michele Malanga Foundation is headquartered in Bluffton, South Carolina and files with the IRS under EIN 516521243.
How many years of IRS 990 filings does Michele Malanga Foundation have?
Michele Malanga Foundation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Michele Malanga Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Michele Malanga Foundation's revenue has grown by 3182.1%, moving from $2K to $50K. Total assets decreased by 72.2% over the same period, from $22K to $6K. Total functional expenses rose by 71.7%, from $46K to $79K. In its most recent filing year (2016), Michele Malanga Foundation reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $50K | $79K | $6K | $1 | — | View 990 |
| 2015 | $100K | $99K | $36K | $1 | — | View 990 |
| 2014 | $52K | $84K | $35K | $0 | — | View 990 |
| 2013 | $92K | $63K | $68K | $0 | — | View 990 |
| 2012 | $58K | $42K | $38K | $0 | — | View 990 |
| 2011 | $2K | $46K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $50K, expenses of $79K, and assets of $6K (revenue -50.0% year-over-year).
- 2015: Revenue of $100K, expenses of $99K, and assets of $36K (revenue +93.6% year-over-year).
- 2014: Revenue of $52K, expenses of $84K, and assets of $35K (revenue -43.9% year-over-year).
- 2013: Revenue of $92K, expenses of $63K, and assets of $68K (revenue +57.2% year-over-year).
- 2012: Revenue of $58K, expenses of $42K, and assets of $38K (revenue +3748.3% year-over-year).
- 2011: Revenue of $2K, expenses of $46K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michele Malanga Foundation:
Data Sources and Methodology
This transparency report for Michele Malanga 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.