Mirci Group Homes Inc

Mirci Group Homes Inc. consistently operates at a deficit with declining assets and liabilities exceeding assets.

EIN: 202024216 · Chesterfield, SC · NTEE: L20 · Updated: 2026-03-28

$139KRevenue

$631KAssets

35/100Mission Score (Poor)

L20

About Mirci Group Homes Inc

Mirci Group Homes Inc (EIN: 202024216) is a nonprofit organization based in Chesterfield, SC, classified under NTEE code L20. The organization reported total revenue of $139K and total assets of $631K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mirci Group Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mirci Group Homes Inc. exhibits a concerning financial trend, consistently operating at a deficit over the past several years. For instance, in the 202406 period, expenses ($79,856) exceeded revenue ($69,380), and similar patterns are observed in previous years, such as 202212 (revenue $107,680 vs. expenses $135,476). This sustained deficit spending, coupled with liabilities consistently exceeding assets (e.g., $846,134 liabilities vs. $675,368 assets in 202406), indicates a precarious financial position and raises questions about long-term sustainability. The organization's assets have also shown a declining trend over time, from $792,150 in 201512 to $675,368 in 202406.

While the organization reports 0% officer compensation across all available filings, which suggests efficient use of funds at the executive level, the overall financial health is weak. The consistent decline in assets and the growing gap between liabilities and assets are significant red flags. Without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess spending efficiency beyond the executive compensation. However, the persistent operational losses are a primary concern for financial stability and impact.

Transparency regarding executive compensation is excellent, with no reported officer compensation. However, the lack of detailed expense breakdowns in the provided data limits a comprehensive assessment of overall spending efficiency across different categories. The consistent financial deficits and declining asset base suggest a need for improved financial management and potentially a re-evaluation of funding strategies to ensure the organization's future viability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mirci Group Homes Inc with a Mission Score of 35 out of 100 (Poor). 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: 75%
fundraising: 10%

According to IRS 990 filings, Mirci Group Homes Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly efficient for an organization of its size with latest revenue of $138,865.

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 Mirci Group Homes Inc's IRS 990 filings:

Consistent operational deficits, with expenses exceeding revenue in multiple periods (e.g., 202406, 202212).
Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $846,134 liabilities vs. $675,368 assets in 202406).
Declining asset base over time, from $792,150 in 201512 to $675,368 in 202406.
Long-term financial instability suggested by a decade of consistent deficits and asset erosion.

Strengths

The following positive indicators were identified for Mirci Group Homes Inc:

Excellent executive compensation efficiency, with 0% officer compensation reported across all filings.
Long operational history with 14 IRS 990 filings, indicating sustained presence.

Frequently Asked Questions about Mirci Group Homes Inc

Is Mirci Group Homes Inc. financially sustainable?

The organization's consistent operational deficits, where expenses exceed revenue in most reported periods (e.g., 202406, 202212), and liabilities consistently outweighing assets (e.g., $846,134 liabilities vs. $675,368 assets in 202406), suggest significant financial sustainability challenges.

Why are the organization's assets declining?

Assets have steadily declined from $792,150 in 201512 to $675,368 in 202406. This decline, coupled with consistent operational losses, indicates that the organization is likely drawing down its reserves or struggling to maintain its asset base amidst ongoing expenses.

What is the organization's plan to address its liabilities?

Liabilities have consistently exceeded assets, reaching $846,134 against $675,368 in assets in 202406. The provided data does not detail a plan, but this significant imbalance is a critical financial concern that needs to be addressed.

Filing History

IRS 990 filing history for Mirci Group Homes Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Mirci Group Homes Inc's revenue has declined by 6.5%, moving from $74K to $69K. Total assets decreased by 22.8% over the same period, from $875K to $675K. Total functional expenses fell by 15.5%, from $95K to $80K. In its most recent filing year (2024), Mirci Group Homes Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $846K in liabilities against $675K in assets (debt-to-asset ratio: 125.3%), resulting in net assets of $-170,766.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$69K	$80K	$675K	$846K	—	—
2023	$128K	$127K	$665K	$825K	—	—
2022	$108K	$135K	$668K	$829K	—	View 990
2021	$113K	$143K	$698K	$832K	—	View 990
2020	$105K	$135K	$726K	$828K	—	View 990
2019	$103K	$135K	$738K	$810K	—	View 990
2018	$103K	$144K	$754K	$795K	—	View 990
2017	$100K	$112K	$765K	$765K	—	View 990
2016	$95K	$110K	$774K	$763K	—	View 990
2015	$84K	$106K	$792K	$766K	—	View 990
2014	$76K	$109K	$809K	$761K	—	View 990
2013	$69K	$99K	$830K	$749K	—	View 990
2012	$33K	$85K	$850K	$739K	—	View 990
2011	$74K	$95K	$875K	$713K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $69K, expenses of $80K, and assets of $675K (revenue -45.9% year-over-year).
2023: Revenue of $128K, expenses of $127K, and assets of $665K (revenue +19.0% year-over-year).
2022: Revenue of $108K, expenses of $135K, and assets of $668K (revenue -4.4% year-over-year).
2021: Revenue of $113K, expenses of $143K, and assets of $698K (revenue +7.7% year-over-year).
2020: Revenue of $105K, expenses of $135K, and assets of $726K (revenue +1.1% year-over-year).
2019: Revenue of $103K, expenses of $135K, and assets of $738K (revenue +0.5% year-over-year).
2018: Revenue of $103K, expenses of $144K, and assets of $754K (revenue +2.8% year-over-year).
2017: Revenue of $100K, expenses of $112K, and assets of $765K (revenue +5.4% year-over-year).
2016: Revenue of $95K, expenses of $110K, and assets of $774K (revenue +12.5% year-over-year).
2015: Revenue of $84K, expenses of $106K, and assets of $792K (revenue +10.7% year-over-year).
2014: Revenue of $76K, expenses of $109K, and assets of $809K (revenue +10.5% year-over-year).
2013: Revenue of $69K, expenses of $99K, and assets of $830K (revenue +107.2% year-over-year).
2012: Revenue of $33K, expenses of $85K, and assets of $850K (revenue -55.1% year-over-year).
2011: Revenue of $74K, expenses of $95K, and assets of $875K.

Data Sources and Methodology

This transparency report for Mirci Group Homes 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.