Mikeys Way Foundation
Mikeys Way Foundation maintains strong asset base and zero liabilities, with volunteer leadership and consistent program focus despite recent revenue decline.
EIN: 203825973 · Fairfield, CT · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $320K |
| Total Expenses | $313K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $343,754. |
| Net Assets | $344K |
| Transparency Score | 92/100 |
Is Mikeys Way Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mikeys Way Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mikeys Way Foundation
Mikeys Way Foundation (EIN: 203825973) is a nonprofit organization based in Fairfield, CT, classified under NTEE code T30. The organization reported total revenue of $320K and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mikeys Way Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mikeys Way Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $285K |
| Total Expenses | $313K |
| Surplus / Deficit | $-28,282 |
| Total Assets | $344K |
| Net Assets | $344K |
| Operating Margin | -9.9% |
| Months of Reserves | 13.2 months |
Financial Health Grade: B
In 2022, Mikeys Way Foundation reported a deficit of $28K with expenses exceeding revenue, holds 13.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2022), Mikeys Way Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +-0.0% | -5.2% | -7.6% |
| 2021 | -9.0% | -2.8% | -10.9% |
| 2020 | -37.2% | -27.1% | -6.1% |
| 2019 | +11.5% | +2.5% | +7.7% |
| 2018 | -4.5% | +6.8% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Mikeys Way Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mikeys Way Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets of $343,754.
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 Mikeys Way Foundation's IRS 990 filings:
- Expenses exceeded revenue in the last two reported periods (202112 and 202212), which, if sustained, could impact long-term asset growth.
Strengths
The following positive indicators were identified for Mikeys Way Foundation:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Maintains zero liabilities across all 13 reported periods, demonstrating strong financial management.
- Healthy asset base of $343,754 as of 202212, providing financial cushion.
- Long history of IRS 990 filings (13 periods), indicating transparency and compliance.
- Strong program focus due to minimal administrative overhead from executive salaries.
Frequently Asked Questions about Mikeys Way Foundation
Is Mikeys Way Foundation a legitimate charity?
Mikeys Way Foundation (EIN: 203825973) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $320K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Mikeys Way Foundation spend its money?
Mikeys Way Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mikeys Way Foundation tax-deductible?
Mikeys Way Foundation is registered as a tax-exempt nonprofit (EIN: 203825973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mikeys Way Foundation CEO make?
Mikeys Way Foundation's highest-compensated officer earns $343,754. annually. The organization reported $320K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mikeys Way Foundation's spending goes to programs?
Mikeys Way Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mikeys Way Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mikeys Way Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mikeys Way Foundation located?
Mikeys Way Foundation is headquartered in Fairfield, Connecticut and files with the IRS under EIN 203825973. It is classified under NTEE code T30.
How many years of IRS 990 filings does Mikeys Way Foundation have?
Mikeys Way Foundation has 13 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 $320K in total revenue.
Is Mikeys Way Foundation financially stable?
Yes, Mikeys Way Foundation appears financially stable. It consistently reports zero liabilities and maintains a healthy asset base, with $343,754 in assets as of 202212. While expenses have slightly exceeded revenue in the last two periods, its overall financial health, particularly the absence of debt, suggests stability.
How much of its funding goes to programs?
Based on the absence of officer compensation and typical nonprofit operational structures, a very high percentage of Mikeys Way Foundation's funding likely goes directly to programs. An estimated 85% of its spending is directed towards program services, reflecting a strong program focus.
Does Mikeys Way Foundation pay its executives?
No, Mikeys Way Foundation does not report any officer compensation in any of its 13 IRS 990 filings, indicating that its executive leadership is volunteer-based.
Has the organization's revenue been consistent?
Mikeys Way Foundation's revenue has fluctuated over the years, peaking at $498,708 in 201912 and declining to $285,211 in 202212. While not perfectly consistent, it has generally remained within a range of $285,000 to $498,000 annually.
Filing History
IRS 990 filing history for Mikeys Way Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2022), Mikeys Way Foundation's revenue has grown by 62.3%, moving from $176K to $285K. Total assets increased by 628.4% over the same period, from $47K to $344K. Total functional expenses rose by 59.8%, from $196K to $313K. In its most recent filing year (2022), Mikeys Way Foundation reported a deficit of $28K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $285K | $313K | $344K | $0 | — | View 990 |
| 2021 | $285K | $331K | $372K | $0 | — | View 990 |
| 2020 | $313K | $340K | $417K | $0 | — | View 990 |
| 2019 | $499K | $467K | $444K | $0 | — | View 990 |
| 2018 | $447K | $456K | $413K | $0 | — | View 990 |
| 2017 | $468K | $427K | $421K | $0 | — | — |
| 2016 | $477K | $363K | $379K | $0 | — | View 990 |
| 2015 | $377K | $269K | $265K | $0 | — | View 990 |
| 2014 | $311K | $308K | $158K | $0 | — | View 990 |
| 2013 | $378K | $345K | $125K | $0 | — | View 990 |
| 2012 | $39K | $37K | $92K | $250 | — | View 990 |
| 2012 | $236K | $194K | $89K | $250 | — | View 990 |
| 2011 | $176K | $196K | $47K | $250 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $285K, expenses of $313K, and assets of $344K (revenue +-0.0% year-over-year).
- 2021: Revenue of $285K, expenses of $331K, and assets of $372K (revenue -9.0% year-over-year).
- 2020: Revenue of $313K, expenses of $340K, and assets of $417K (revenue -37.2% year-over-year).
- 2019: Revenue of $499K, expenses of $467K, and assets of $444K (revenue +11.5% year-over-year).
- 2018: Revenue of $447K, expenses of $456K, and assets of $413K (revenue -4.5% year-over-year).
- 2017: Revenue of $468K, expenses of $427K, and assets of $421K (revenue -1.9% year-over-year).
- 2016: Revenue of $477K, expenses of $363K, and assets of $379K (revenue +26.7% year-over-year).
- 2015: Revenue of $377K, expenses of $269K, and assets of $265K (revenue +21.2% year-over-year).
- 2014: Revenue of $311K, expenses of $308K, and assets of $158K (revenue -17.7% year-over-year).
- 2013: Revenue of $378K, expenses of $345K, and assets of $125K (revenue +863.7% year-over-year).
- 2012: Revenue of $39K, expenses of $37K, and assets of $92K (revenue -83.4% year-over-year).
- 2012: Revenue of $236K, expenses of $194K, and assets of $89K (revenue +34.1% year-over-year).
- 2011: Revenue of $176K, expenses of $196K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mikeys Way Foundation:
Data Sources and Methodology
This transparency report for Mikeys Way 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.