Migros Aid Inc
EIN: 822273589 · Indianapolis, IN · NTEE: Q71
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $214K |
| Net Assets | $25K |
Is Migros Aid Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Migros Aid Inc
Migros Aid Inc (EIN: 822273589) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code Q71. The organization reported total revenue of $194K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Migros Aid Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Migros Aid Inc is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $214K |
| Surplus / Deficit | $-27,085 |
| Total Assets | $29K |
| Total Liabilities | $3K |
| Net Assets | $25K |
| Operating Margin | -14.5% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 1.6 months |
Financial Health Grade: C
In 2023, Migros Aid Inc reported a deficit of $27K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Migros Aid Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +24.9% | -48.2% |
| 2022 | +4.8% | +39.9% | +23.5% |
| 2021 | +74.2% | +20.4% | +510.6% |
| 2020 | +18.7% | +17.0% | +565.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1237 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Migros Aid 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 Migros Aid 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 $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.7%.
Frequently Asked Questions about Migros Aid Inc
Is Migros Aid Inc a legitimate charity?
Migros Aid Inc (EIN: 822273589) is a registered tax-exempt nonprofit based in Indiana. It has 5 years of IRS 990 filings on record. Total revenue: $194K. No red flags identified. Financial health grade: C.
How does Migros Aid Inc spend its money?
Migros Aid Inc reported $194K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Migros Aid Inc tax-deductible?
Migros Aid Inc is registered as a tax-exempt nonprofit (EIN: 822273589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Migros Aid Inc located?
Migros Aid Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 822273589. It is classified under NTEE code Q71.
How many years of IRS 990 filings does Migros Aid Inc have?
Migros Aid Inc has 5 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 $194K in total revenue.
Filing History
IRS 990 filing history for Migros Aid Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Migros Aid Inc's revenue has grown by 125.3%, moving from $83K to $187K. Total assets increased by 2500% over the same period, from $1K to $29K. Total functional expenses rose by 146.2%, from $87K to $214K. In its most recent filing year (2023), Migros Aid Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $3K in liabilities against $29K in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $214K | $29K | $3K | — | — |
| 2022 | $180K | $171K | $56K | $3K | — | View 990 |
| 2021 | $172K | $122K | $45K | $1K | — | — |
| 2020 | $98K | $102K | $7K | $12K | — | — |
| 2019 | $83K | $87K | $1K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $214K, and assets of $29K (revenue +3.9% year-over-year).
- 2022: Revenue of $180K, expenses of $171K, and assets of $56K (revenue +4.8% year-over-year).
- 2021: Revenue of $172K, expenses of $122K, and assets of $45K (revenue +74.2% year-over-year).
- 2020: Revenue of $98K, expenses of $102K, and assets of $7K (revenue +18.7% year-over-year).
- 2019: Revenue of $83K, expenses of $87K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Migros Aid Inc:
Data Sources and Methodology
This transparency report for Migros Aid 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.