Mifos Initiative
EIN: 453613178 · Seattle, WA · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.8M |
| Net Assets | $695K |
Is Mifos Initiative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mifos Initiative
Mifos Initiative (EIN: 453613178) is a nonprofit organization based in Seattle, WA, classified under NTEE code S30. The organization reported total revenue of $2.8M and total assets of $617K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mifos Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mifos Initiative is a mid-size nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-85,312 |
| Total Assets | $707K |
| Total Liabilities | $12K |
| Net Assets | $695K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Mifos Initiative reported a deficit of $85K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Mifos Initiative's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.5% | +90.5% | -10.6% |
| 2022 | +580.1% | +269.3% | +2851.4% |
| 2021 | +363.4% | -13.3% | -75.3% |
| 2020 | -90.0% | +36.1% | -76.8% |
| 2019 | +67.6% | -12.7% | +379.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mifos Initiative 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 Mifos Initiative 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 $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about Mifos Initiative
Is Mifos Initiative a legitimate charity?
Based on AI analysis of IRS 990 filings, Mifos Initiative (EIN: 453613178) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mifos Initiative spend its money?
Detailed spending breakdown data is not yet available for Mifos Initiative. Check back for updated IRS 990 analysis.
Are donations to Mifos Initiative tax-deductible?
Mifos Initiative is registered as a tax-exempt nonprofit (EIN: 453613178). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mifos Initiative located?
Mifos Initiative is headquartered in Seattle, Washington and files with the IRS under EIN 453613178. It is classified under NTEE code S30.
How many years of IRS 990 filings does Mifos Initiative have?
Mifos Initiative has 12 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 $2.8M in total revenue.
Filing History
IRS 990 filing history for Mifos Initiative showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Mifos Initiative's revenue has grown by 716.6%, moving from $335K to $2.7M. Total assets increased by 1836.6% over the same period, from $36K to $707K. Total functional expenses rose by 830.2%, from $303K to $2.8M. In its most recent filing year (2023), Mifos Initiative reported a deficit of $85K, with expenses exceeding revenue. The organization holds $12K in liabilities against $707K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $695K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.8M | $707K | $12K | — | — |
| 2022 | $2.3M | $1.5M | $790K | $10K | — | View 990 |
| 2021 | $331K | $401K | $27K | $20K | — | View 990 |
| 2020 | $71K | $463K | $109K | $32K | — | View 990 |
| 2019 | $714K | $340K | $468K | $270 | — | View 990 |
| 2018 | $426K | $389K | $98K | $4K | — | View 990 |
| 2017 | $486K | $462K | $62K | $5K | — | View 990 |
| 2016 | $924K | $1.0M | $45K | $13K | — | View 990 |
| 2015 | $575K | $303K | $163K | $13K | — | View 990 |
| 2014 | $25K | $380K | $202K | $7K | — | View 990 |
| 2013 | $934K | $424K | $545K | $6K | — | View 990 |
| 2012 | $335K | $303K | $36K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.8M, and assets of $707K (revenue +21.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.5M, and assets of $790K (revenue +580.1% year-over-year).
- 2021: Revenue of $331K, expenses of $401K, and assets of $27K (revenue +363.4% year-over-year).
- 2020: Revenue of $71K, expenses of $463K, and assets of $109K (revenue -90.0% year-over-year).
- 2019: Revenue of $714K, expenses of $340K, and assets of $468K (revenue +67.6% year-over-year).
- 2018: Revenue of $426K, expenses of $389K, and assets of $98K (revenue -12.4% year-over-year).
- 2017: Revenue of $486K, expenses of $462K, and assets of $62K (revenue -47.4% year-over-year).
- 2016: Revenue of $924K, expenses of $1.0M, and assets of $45K (revenue +60.6% year-over-year).
- 2015: Revenue of $575K, expenses of $303K, and assets of $163K (revenue +2199.6% year-over-year).
- 2014: Revenue of $25K, expenses of $380K, and assets of $202K (revenue -97.3% year-over-year).
- 2013: Revenue of $934K, expenses of $424K, and assets of $545K (revenue +178.6% year-over-year).
- 2012: Revenue of $335K, expenses of $303K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mifos Initiative:
Data Sources and Methodology
This transparency report for Mifos Initiative 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.