Mirken Foundation
Mirken Foundation shows fluctuating revenue and expenses, with recent years' expenses exceeding revenue, and no reported officer compensation.
EIN: 136916436 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.9M |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| Net Assets | $12.3M |
| Transparency Score | 75/100 |
Is Mirken Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mirken Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mirken Foundation
Mirken Foundation (EIN: 136916436) is a nonprofit organization based in New York, NY. The organization reported total revenue of $9.9M and total assets of $14.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mirken Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mirken Foundation is a mid-size nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $367K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-705,450 |
| Total Assets | $12.3M |
| Total Liabilities | $1 |
| Net Assets | $12.3M |
| Operating Margin | -192.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 137.0 months |
Financial Health Grade: B
In 2023, Mirken Foundation reported a deficit of $705K with expenses exceeding revenue, holds 137.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mirken Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.5% | +4.9% | -5.4% |
| 2022 | -63.1% | +52.8% | -2.7% |
| 2021 | +115.7% | -22.0% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Mirken Foundation with a Mission Score of 75 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, Mirken 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $705K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Mirken Foundation consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through other means not reported as officer compensation, which is a positive for minimizing administrative overhead.
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 Mirken Foundation's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (e.g., 2023 expenses $1,072,885 vs. revenue $367,435)
- Significant fluctuations in annual revenue, making financial forecasting challenging (e.g., $13M in 2013 vs. $367K in 2023)
- Negative revenue reported in some years (e.g., $-22,418 in 2019, $-48,583 in 2015) which could indicate investment losses or accounting adjustments.
Strengths
The following positive indicators were identified for Mirken Foundation:
- Zero reported officer compensation across all filings, indicating low administrative overhead for leadership.
- Extremely low liabilities ($1 consistently reported), demonstrating a very strong balance sheet and financial stability.
- Substantial asset base ($12,253,233 in 2023) provides a buffer against revenue shortfalls and supports long-term operations.
Frequently Asked Questions about Mirken Foundation
Is Mirken Foundation a legitimate charity?
Mirken Foundation (EIN: 136916436) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $9.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Mirken Foundation spend its money?
Mirken Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mirken Foundation tax-deductible?
Mirken Foundation is registered as a tax-exempt nonprofit (EIN: 136916436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mirken Foundation's spending goes to programs?
Mirken Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mirken Foundation located?
Mirken Foundation is headquartered in New York, New York and files with the IRS under EIN 136916436.
How many years of IRS 990 filings does Mirken Foundation have?
Mirken Foundation has 10 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 $9.9M in total revenue.
How does the Mirken Foundation cover its expenses when revenue is lower?
In periods where expenses exceed revenue, such as 2023 ($1,072,885 expenses vs. $367,435 revenue) and 2022 ($1,023,112 expenses vs. $661,592 revenue), the organization likely draws upon its substantial asset base, which stood at $12,253,233 in 2023, or relies on prior year surpluses.
What is the nature of the Mirken Foundation's programs given the lack of officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation may operate with a volunteer board or leadership, or that its programs are primarily grant-making in nature, requiring less direct staff oversight and compensation.
Why is the 'Latest Revenue' figure so different from recent annual revenues?
The 'Latest Revenue' of $9,912,284 provided in the prompt likely represents a cumulative or specific non-annual revenue figure, as it significantly deviates from the annual revenues reported in the 990 filings for 2023 ($367,435) and 2022 ($661,592). This could indicate a large one-time donation or a different reporting period for the 'Latest Revenue' metric.
Filing History
IRS 990 filing history for Mirken Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mirken Foundation's revenue has grown by 327.5%, moving from $86K to $367K. Total assets increased by 443.5% over the same period, from $2.3M to $12.3M. Total functional expenses rose by 455.7%, from $193K to $1.1M. In its most recent filing year (2023), Mirken Foundation reported a deficit of $705K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $367K | $1.1M | $12.3M | $1 | — | — |
| 2022 | $662K | $1.0M | $13.0M | $1 | — | View 990 |
| 2021 | $1.8M | $669K | $13.3M | $1 | — | View 990 |
| 2020 | $830K | $858K | $12.2M | $1 | — | View 990 |
| 2019 | $-22,418 | $271K | $12.2M | $1 | — | View 990 |
| 2015 | $-48,583 | $242K | $11.6M | $1 | — | View 990 |
| 2014 | $5.5M | $207K | $11.9M | $1 | — | View 990 |
| 2013 | $13.2M | $57K | $6.6M | $1 | — | View 990 |
| 2012 | $118K | $67K | $2.3M | $1 | — | View 990 |
| 2011 | $86K | $193K | $2.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $367K, expenses of $1.1M, and assets of $12.3M (revenue -44.5% year-over-year).
- 2022: Revenue of $662K, expenses of $1.0M, and assets of $13.0M (revenue -63.1% year-over-year).
- 2021: Revenue of $1.8M, expenses of $669K, and assets of $13.3M (revenue +115.7% year-over-year).
- 2020: Revenue of $830K, expenses of $858K, and assets of $12.2M.
- 2019: Revenue of $-22,418, expenses of $271K, and assets of $12.2M.
- 2015: Revenue of $-48,583, expenses of $242K, and assets of $11.6M (revenue -100.9% year-over-year).
- 2014: Revenue of $5.5M, expenses of $207K, and assets of $11.9M (revenue -58.4% year-over-year).
- 2013: Revenue of $13.2M, expenses of $57K, and assets of $6.6M (revenue +11113.7% year-over-year).
- 2012: Revenue of $118K, expenses of $67K, and assets of $2.3M (revenue +36.9% year-over-year).
- 2011: Revenue of $86K, expenses of $193K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mirken Foundation:
Data Sources and Methodology
This transparency report for Mirken 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.