Migdol Family Foundation Inc
Migdol Family Foundation experiences consistent negative revenue and declining assets in recent years.
EIN: 203131138 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Migdol Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Migdol Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Migdol Family Foundation Inc
Migdol Family Foundation Inc (EIN: 203131138) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $160K and total assets of $345K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Migdol Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Migdol Family Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -105.5% | -47.8% | -5.1% |
| 2021 | -90.5% | -63.6% | -6.9% |
| 2020 | -35.9% | +1.0% | -3.0% |
| 2019 | +2237.9% | +1000.2% | +28974.5% |
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 Migdol Family Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Migdol Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is a positive for donor trust and resource allocation.
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 Migdol Family Foundation Inc's IRS 990 filings:
- Consistent negative revenue in recent periods (e.g., $-21,014 in 2023, $-479 in 2022).
- Significant decline in total assets over the past few years (from $442,223 in 2019 to $344,864 in 2023).
- Expenses frequently exceeding revenue, indicating an unsustainable financial model.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, hindering full financial analysis.
Strengths
The following positive indicators were identified for Migdol Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries or benefits.
- Low liabilities reported across all periods ($1), suggesting minimal debt.
Frequently Asked Questions about Migdol Family Foundation Inc
Is Migdol Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Migdol Family Foundation Inc (EIN: 203131138) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Migdol Family Foundation Inc spend its money?
Migdol Family Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Migdol Family Foundation Inc tax-deductible?
Migdol Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203131138). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has the Migdol Family Foundation Inc. reported negative revenue in recent fiscal periods (e.g., $-21,014 in 2023 and $-479 in 2022)?
Negative revenue figures suggest that the organization's expenses exceeded its income, or that it experienced significant losses from investments or other activities. This trend is unsustainable and indicates a reliance on drawing down existing assets.
What is the specific breakdown of expenses (program, administrative, fundraising) for the Migdol Family Foundation Inc.?
The provided data does not offer a detailed breakdown of expenses. Without this information, it is difficult to assess the organization's spending efficiency and how much of its resources directly support its mission.
How does the Migdol Family Foundation Inc. plan to address its declining asset base, which has fallen from $442,223 in 2019 to $344,864 in 2023?
The consistent decline in assets suggests that the organization is spending more than it earns. A sustainable financial strategy would require increasing revenue or reducing expenses to stabilize or grow its asset base.
Filing History
IRS 990 filing history for Migdol Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Migdol Family Foundation Inc's revenue has declined by 180.6%, moving from $26K to $-21,014. Total assets increased by 2654.1% over the same period, from $13K to $345K. Total functional expenses fell by 76.7%, from $56K to $13K. The organization holds $1 in liabilities against $345K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $345K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-21,014 | $13K | $345K | $1 | — | — |
| 2022 | $-479 | $20K | $379K | $1 | — | View 990 |
| 2021 | $9K | $38K | $399K | $1 | — | — |
| 2020 | $91K | $105K | $429K | $1 | — | — |
| 2019 | $143K | $104K | $442K | $1 | — | View 990 |
| 2015 | $6K | $9K | $2K | $1 | — | View 990 |
| 2014 | $1K | $8K | $5K | $1 | — | View 990 |
| 2013 | $14K | $10K | $12K | $1 | — | View 990 |
| 2012 | $22K | $26K | $8K | $1 | — | View 990 |
| 2011 | $26K | $56K | $13K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-21,014, expenses of $13K, and assets of $345K.
- 2022: Revenue of $-479, expenses of $20K, and assets of $379K (revenue -105.5% year-over-year).
- 2021: Revenue of $9K, expenses of $38K, and assets of $399K (revenue -90.5% year-over-year).
- 2020: Revenue of $91K, expenses of $105K, and assets of $429K (revenue -35.9% year-over-year).
- 2019: Revenue of $143K, expenses of $104K, and assets of $442K (revenue +2237.9% year-over-year).
- 2015: Revenue of $6K, expenses of $9K, and assets of $2K (revenue +476.5% year-over-year).
- 2014: Revenue of $1K, expenses of $8K, and assets of $5K (revenue -92.6% year-over-year).
- 2013: Revenue of $14K, expenses of $10K, and assets of $12K (revenue -34.2% year-over-year).
- 2012: Revenue of $22K, expenses of $26K, and assets of $8K (revenue -16.5% year-over-year).
- 2011: Revenue of $26K, expenses of $56K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Migdol Family Foundation Inc:
Data Sources and Methodology
This transparency report for Migdol Family 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.