Microgrants
Microgrants experiences significant revenue and expense volatility, with recent deficits despite zero officer compensation.
EIN: 204092394 · Minneapolis, MN · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $984K |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $700,000 |
| Net Assets | $814K |
| Transparency Score | 80/100 |
Is Microgrants Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Microgrants directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Microgrants
Microgrants (EIN: 204092394) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code T30. The organization reported total revenue of $984K and total assets of $651K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Microgrants's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Microgrants is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-349,486 |
| Total Assets | $851K |
| Total Liabilities | $38K |
| Net Assets | $814K |
| Operating Margin | -18.3% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, Microgrants reported a deficit of $349K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Microgrants's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.1% | -15.6% | -29.6% |
| 2022 | -67.8% | -3.0% | -54.5% |
| 2021 | +30.9% | +41.0% | +59.9% |
| 2020 | +109.8% | +38.2% | +131.8% |
| 2019 | +16.5% | +21.3% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Microgrants with a Mission Score of 80 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, Microgrants 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 $349K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly commendable for an organization of its size, with revenues fluctuating between approximately $700,000 and $3.7 million, as it maximizes the allocation of funds directly to 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 Microgrants's IRS 990 filings:
- Significant operating deficits in recent years (e.g., $1.4M in 2022, $349K in 2023).
- High volatility in annual revenue and expenses, indicating potential instability.
- Decline in assets from $2.6M in 2021 to $851K in 2023.
Strengths
The following positive indicators were identified for Microgrants:
- Consistent 0% officer compensation across all filings, maximizing mission-related spending.
- Low liabilities relative to assets, indicating good debt management.
- History of substantial revenue generation, reaching nearly $3.8M in 2021.
Frequently Asked Questions about Microgrants
Is Microgrants a legitimate charity?
Based on AI analysis of IRS 990 filings, Microgrants (EIN: 204092394) some concerns. Mission Score: 80/100. 3 red flags identified, 3 strengths noted.
How does Microgrants spend its money?
Microgrants directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Microgrants tax-deductible?
Microgrants is registered as a tax-exempt nonprofit (EIN: 204092394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Microgrants CEO make?
Microgrants's highest-compensated officer earns $700,000 annually. The organization reported $984K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Microgrants's spending goes to programs?
Microgrants directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Microgrants compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Microgrants is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Microgrants located?
Microgrants is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 204092394. It is classified under NTEE code T30.
How many years of IRS 990 filings does Microgrants have?
Microgrants 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 $984K in total revenue.
Is Microgrants a good charity?
Microgrants demonstrates strong commitment to its mission by reporting 0% officer compensation across all filings, suggesting efficient use of funds. However, the significant deficits in 2022 and 2023, where expenses exceeded revenue by over $1.4 million and $349,000 respectively, raise concerns about financial sustainability and stability.
How has Microgrants' financial health changed recently?
Microgrants' financial health has deteriorated in the last two years. After a strong revenue year in 2021 ($3,778,207), the organization experienced substantial deficits in 2022 (expenses $2,678,600 vs. revenue $1,216,231) and 2023 (expenses $2,259,663 vs. revenue $1,910,177), leading to a decrease in assets from $2,657,136 in 2021 to $851,468 in 2023.
What is the trend in Microgrants' revenue?
Microgrants' revenue has been highly volatile. It saw a peak of $3,778,207 in 2021, followed by a sharp decline to $1,216,231 in 2022, and a slight recovery to $1,910,177 in 2023. This indicates an inconsistent funding stream.
Filing History
IRS 990 filing history for Microgrants showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Microgrants's revenue has grown by 244.1%, moving from $555K to $1.9M. Total assets increased by 147.9% over the same period, from $343K to $851K. Total functional expenses rose by 335.9%, from $518K to $2.3M. In its most recent filing year (2023), Microgrants reported a deficit of $349K, with expenses exceeding revenue. The organization holds $38K in liabilities against $851K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $814K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.3M | $851K | $38K | — | View 990 |
| 2022 | $1.2M | $2.7M | $1.2M | $47K | — | View 990 |
| 2021 | $3.8M | $2.8M | $2.7M | $31K | — | View 990 |
| 2020 | $2.9M | $2.0M | $1.7M | $53K | — | View 990 |
| 2019 | $1.4M | $1.4M | $717K | $36K | — | View 990 |
| 2018 | $1.2M | $1.2M | $730K | $8K | — | View 990 |
| 2017 | $941K | $957K | $713K | $5K | — | View 990 |
| 2016 | $932K | $1.0M | $731K | $7K | — | View 990 |
| 2015 | $926K | $742K | $831K | $28K | — | View 990 |
| 2014 | $708K | $628K | $619K | $0 | — | View 990 |
| 2013 | $645K | $569K | $540K | $906 | — | View 990 |
| 2012 | $658K | $538K | $465K | $1K | — | View 990 |
| 2011 | $555K | $518K | $343K | $936 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.3M, and assets of $851K (revenue +57.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $2.7M, and assets of $1.2M (revenue -67.8% year-over-year).
- 2021: Revenue of $3.8M, expenses of $2.8M, and assets of $2.7M (revenue +30.9% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.0M, and assets of $1.7M (revenue +109.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $717K (revenue +16.5% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $730K (revenue +25.6% year-over-year).
- 2017: Revenue of $941K, expenses of $957K, and assets of $713K (revenue +0.9% year-over-year).
- 2016: Revenue of $932K, expenses of $1.0M, and assets of $731K (revenue +0.6% year-over-year).
- 2015: Revenue of $926K, expenses of $742K, and assets of $831K (revenue +30.8% year-over-year).
- 2014: Revenue of $708K, expenses of $628K, and assets of $619K (revenue +9.8% year-over-year).
- 2013: Revenue of $645K, expenses of $569K, and assets of $540K (revenue -2.1% year-over-year).
- 2012: Revenue of $658K, expenses of $538K, and assets of $465K (revenue +18.6% year-over-year).
- 2011: Revenue of $555K, expenses of $518K, and assets of $343K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Microgrants:
Data Sources and Methodology
This transparency report for Microgrants 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.