Mike Delaney Foundation
Mike Delaney Foundation operates with low revenue, no officer compensation, and frequently spends more than it earns.
EIN: 133437923 · Old Greenwich, CT · Updated: 2026-03-28
Is Mike Delaney Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mike Delaney Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mike Delaney Foundation
Mike Delaney Foundation (EIN: 133437923) is a nonprofit organization based in Old Greenwich, CT. The organization reported total revenue of $41K and total assets of $123K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mike Delaney Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mike Delaney Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mike Delaney Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Mike Delaney Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis, which is highly efficient for a small organization.
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 Mike Delaney Foundation's IRS 990 filings:
- Expenses frequently exceed revenue, potentially drawing down assets (e.g., 202305: $22,225 expenses vs. $9,099 revenue).
- Consistent reporting of $1 in liabilities across multiple recent filings is an unusual accounting practice.
Strengths
The following positive indicators were identified for Mike Delaney Foundation:
- Consistent filing of IRS 990 forms demonstrates transparency and compliance.
- Zero officer compensation indicates a volunteer-led organization and efficient use of funds.
- Stable asset base (around $120,000-$130,000 in recent years) despite fluctuating revenue and expenses.
Frequently Asked Questions about Mike Delaney Foundation
Is Mike Delaney Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mike Delaney Foundation (EIN: 133437923) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Mike Delaney Foundation spend its money?
Mike Delaney Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mike Delaney Foundation tax-deductible?
Mike Delaney Foundation is registered as a tax-exempt nonprofit (EIN: 133437923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific mission or program focus of the Mike Delaney Foundation?
The provided data does not specify the NTEE code or the detailed mission of the Mike Delaney Foundation, making it difficult to assess its program focus.
Why do expenses frequently exceed revenue for the Mike Delaney Foundation?
In multiple periods (e.g., 202305, 202405), the foundation's expenses have been higher than its revenue, suggesting it may be utilizing accumulated assets or prior year surpluses to fund its operations.
What is the nature of the consistent $1 liability reported in recent filings?
The consistent reporting of a $1 liability across several recent filings (2021-2024) is unusual and could indicate a minor accounting entry or a placeholder, but its specific nature is not clear from the provided data.
Filing History
IRS 990 filing history for Mike Delaney Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Mike Delaney Foundation's revenue has grown by 152.4%, moving from $5K to $12K. Total assets increased by 276.9% over the same period, from $31K to $118K. Total functional expenses rose by 21.5%, from $12K to $14K. In its most recent filing year (2024), Mike Delaney Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $118K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $118K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $12K | $14K | $118K | $1 | — | — |
| 2023 | $9K | $22K | $120K | $1 | — | View 990 |
| 2022 | $10K | $13K | $133K | $1 | — | — |
| 2021 | $9K | $10K | $136K | $1 | — | View 990 |
| 2020 | $15K | $9K | $137K | $1 | — | — |
| 2018 | $9K | $19K | $129K | $0 | — | View 990 |
| 2016 | $4K | $6K | $23K | $0 | — | View 990 |
| 2015 | $15K | $13K | $24K | $0 | — | View 990 |
| 2014 | $3K | $6K | $23K | $0 | — | View 990 |
| 2013 | $3K | $9K | $25K | $0 | — | View 990 |
| 2012 | $5K | $12K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $12K, expenses of $14K, and assets of $118K (revenue +29.2% year-over-year).
- 2023: Revenue of $9K, expenses of $22K, and assets of $120K (revenue -8.5% year-over-year).
- 2022: Revenue of $10K, expenses of $13K, and assets of $133K (revenue +4.8% year-over-year).
- 2021: Revenue of $9K, expenses of $10K, and assets of $136K (revenue -35.0% year-over-year).
- 2020: Revenue of $15K, expenses of $9K, and assets of $137K (revenue +62.2% year-over-year).
- 2018: Revenue of $9K, expenses of $19K, and assets of $129K (revenue +144.6% year-over-year).
- 2016: Revenue of $4K, expenses of $6K, and assets of $23K (revenue -75.1% year-over-year).
- 2015: Revenue of $15K, expenses of $13K, and assets of $24K (revenue +323.5% year-over-year).
- 2014: Revenue of $3K, expenses of $6K, and assets of $23K (revenue +26.1% year-over-year).
- 2013: Revenue of $3K, expenses of $9K, and assets of $25K (revenue -40.6% year-over-year).
- 2012: Revenue of $5K, expenses of $12K, and assets of $31K.
Data Sources and Methodology
This transparency report for Mike Delaney Foundation 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.