Midwest Youcan Foundation Inc
EIN: 811056799 · Omaha, NE · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $33K |
| Total Expenses | $34K |
| Net Assets | $125K |
Is Midwest Youcan Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midwest Youcan Foundation Inc
Midwest Youcan Foundation Inc (EIN: 811056799) is a nonprofit organization based in Omaha, NE, classified under NTEE code P30. The organization reported total revenue of $33K and total assets of $120K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Youcan Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Youcan Foundation Inc is a micro nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $34K |
| Surplus / Deficit | $-3,657 |
| Total Assets | $125K |
| Net Assets | $125K |
| Operating Margin | -12.1% |
| Months of Reserves | 44.4 months |
Financial Health Grade: B
In 2023, Midwest Youcan Foundation Inc reported a deficit of $4K with expenses exceeding revenue, holds 44.4 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.6% | +18.2% | -2.8% |
| 2022 | +9.5% | +78.3% | +7.9% |
| 2021 | -29.4% | +27.7% | +18.5% |
| 2020 | +52.0% | -42.5% | +57.0% |
| 2019 | -30.6% | +27.7% | +19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1250 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midwest Youcan Foundation Inc 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 Midwest Youcan Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Midwest Youcan Foundation Inc
Is Midwest Youcan Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Midwest Youcan Foundation Inc (EIN: 811056799) insufficient data. 0 red flags identified, 0 strengths noted.
How does Midwest Youcan Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Midwest Youcan Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Midwest Youcan Foundation Inc tax-deductible?
Midwest Youcan Foundation Inc is registered as a tax-exempt nonprofit (EIN: 811056799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midwest Youcan Foundation Inc located?
Midwest Youcan Foundation Inc is headquartered in Omaha, Nebraska and files with the IRS under EIN 811056799. It is classified under NTEE code P30.
How many years of IRS 990 filings does Midwest Youcan Foundation Inc have?
Midwest Youcan Foundation Inc has 8 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 $33K in total revenue.
Filing History
IRS 990 filing history for Midwest Youcan Foundation Inc showing financial trends over 8 years of public records:
Total assets increased by 12521800% over the same period, from $1 to $125K. In its most recent filing year (2023), Midwest Youcan Foundation Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $34K | $125K | $0 | — | View 990 |
| 2022 | $38K | $29K | $129K | $0 | — | View 990 |
| 2021 | $35K | $16K | $119K | $0 | — | View 990 |
| 2020 | $49K | $13K | $101K | $0 | — | — |
| 2019 | $32K | $22K | $64K | $0 | — | View 990 |
| 2018 | $47K | $17K | $54K | $0 | — | View 990 |
| 2016 | $19K | $18K | $6K | $0 | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $34K, and assets of $125K (revenue -20.6% year-over-year).
- 2022: Revenue of $38K, expenses of $29K, and assets of $129K (revenue +9.5% year-over-year).
- 2021: Revenue of $35K, expenses of $16K, and assets of $119K (revenue -29.4% year-over-year).
- 2020: Revenue of $49K, expenses of $13K, and assets of $101K (revenue +52.0% year-over-year).
- 2019: Revenue of $32K, expenses of $22K, and assets of $64K (revenue -30.6% year-over-year).
- 2018: Revenue of $47K, expenses of $17K, and assets of $54K (revenue +143.5% year-over-year).
- 2016: Revenue of $19K, expenses of $18K, and assets of $6K.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Youcan Foundation Inc:
Data Sources and Methodology
This transparency report for Midwest Youcan Foundation Inc 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.