Mion Family Foundation Inc
Mion Family Foundation Inc maintains strong asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 205908645 · Norcross, GA · NTEE: T20 · Updated: 2026-03-28
Is Mion Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mion Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mion Family Foundation Inc
Mion Family Foundation Inc (EIN: 205908645) is a nonprofit organization based in Norcross, GA, classified under NTEE code T20. The organization reported total revenue of $2.2M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mion Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mion Family Foundation Inc is a mid-size nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 29.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $571K |
| Total Expenses | $364K |
| Surplus / Deficit | +$207K |
| Total Assets | $7.1M |
| Total Liabilities | $1 |
| Net Assets | $7.1M |
| Operating Margin | 36.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 235.4 months |
Financial Health Grade: A
In 2023, Mion Family Foundation Inc reported a surplus of $207K with revenue exceeding expenses, holds 235.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Mion Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.0% | +3.9% | +3.3% |
| 2022 | +106.5% | -47.1% | +1.5% |
| 2021 | +180.4% | +322.5% | -6.1% |
| 2020 | -61.3% | +229.0% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Mion Family Foundation Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Mion Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $207K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual for an organization of its asset size ($7,145,984) and suggests a strong commitment to directing funds towards its mission rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Mion Family Foundation Inc:
- Consistent asset growth, reaching $7,145,984 in the latest period.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Minimal liabilities ($0-$1) across all periods, demonstrating strong financial health.
- Positive operating surplus in most recent periods (e.g., $571,050 revenue vs. $363,804 expenses in 202312).
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Mion Family Foundation Inc
Is Mion Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mion Family Foundation Inc (EIN: 205908645) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Mion Family Foundation Inc spend its money?
Mion Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mion Family Foundation Inc tax-deductible?
Mion Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205908645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Mion Family Foundation Inc manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, which could imply that officers are volunteers, or their compensation is covered by an external entity, or it's categorized differently in the full 990 form. This is a significant factor in its financial efficiency.
What specific programs does the Mion Family Foundation Inc support, given its NTEE code T20 (Philanthropy, Voluntarism & Grantmaking Foundations)?
Based on the NTEE code T20, the foundation primarily operates as a grantmaking entity. To understand its specific programmatic focus, one would need to review the grants schedule in the full IRS 990 forms.
What caused the significant revenue increase to $2,201,861 in the latest period compared to previous years?
The provided data shows 'Latest Revenue' at $2,201,861, while the most recent 'Period 202312' revenue is $571,050. This discrepancy suggests the 'Latest Revenue' might be a cumulative or different reporting metric. Clarification from the full 990 or the organization would be needed to understand this substantial difference and its source.
Filing History
IRS 990 filing history for Mion Family Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Mion Family Foundation Inc's revenue has grown by 184.4%, moving from $201K to $571K. Total assets decreased by 2.6% over the same period, from $7.3M to $7.1M. Total functional expenses rose by 664.1%, from $48K to $364K. In its most recent filing year (2023), Mion Family Foundation Inc reported a surplus of $207K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $571K | $364K | $7.1M | $1 | — | — |
| 2022 | $450K | $350K | $6.9M | $1 | — | View 990 |
| 2021 | $218K | $662K | $6.8M | $1 | — | View 990 |
| 2020 | $78K | $157K | $7.3M | $1 | — | View 990 |
| 2019 | $201K | $48K | $7.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $571K, expenses of $364K, and assets of $7.1M (revenue +27.0% year-over-year).
- 2022: Revenue of $450K, expenses of $350K, and assets of $6.9M (revenue +106.5% year-over-year).
- 2021: Revenue of $218K, expenses of $662K, and assets of $6.8M (revenue +180.4% year-over-year).
- 2020: Revenue of $78K, expenses of $157K, and assets of $7.3M (revenue -61.3% year-over-year).
- 2019: Revenue of $201K, expenses of $48K, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mion Family Foundation Inc:
Data Sources and Methodology
This transparency report for Mion 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.