Misasi Foundation Inc
Misasi Foundation operates on minimal revenue, showing a decade-long trend of asset depletion.
EIN: 141805957 · Dorset, VT · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $3K |
| Program Spending | 80% |
| Net Assets | $10K |
| Transparency Score | 45/100 |
Is Misasi Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Misasi Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Misasi Foundation Inc
Misasi Foundation Inc (EIN: 141805957) is a nonprofit organization based in Dorset, VT, classified under NTEE code T21. The organization reported total revenue of $1K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Misasi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Misasi Foundation Inc is a micro nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $3K |
| Surplus / Deficit | +$103 |
| Total Assets | $10K |
| Total Liabilities | $1 |
| Net Assets | $10K |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 49.8 months |
Financial Health Grade: A
In 2023, Misasi Foundation Inc reported a surplus of $103 with revenue exceeding expenses, holds 49.8 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), Misasi Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1216.7% | +3752.3% | +1.0% |
| 2022 | -77.5% | -88.7% | +1.3% |
| 2021 | +108.5% | +105.0% | +3.1% |
| 2020 | -57.9% | -84.3% | +1.5% |
| 2019 | +51.1% | -70.7% | -49.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Misasi Foundation Inc with a Mission Score of 45 out of 100 (Fair). 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, Misasi Foundation Inc 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 surplus of $103, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of this extremely small size.
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 Misasi Foundation Inc's IRS 990 filings:
- Consistent asset depletion over a decade (from $43,374 in 2011 to $9,814 currently).
- Annual expenses frequently exceed annual revenue, indicating reliance on existing capital.
- Extremely low revenue ($1,390 latest) limits potential for significant impact.
Strengths
The following positive indicators were identified for Misasi Foundation Inc:
- No officer compensation reported, indicating efficient use of funds for leadership.
- Consistently low liabilities ($1 reported across all filings), suggesting minimal debt.
Frequently Asked Questions about Misasi Foundation Inc
Is Misasi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Misasi Foundation Inc (EIN: 141805957) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Misasi Foundation Inc spend its money?
Misasi Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Misasi Foundation Inc tax-deductible?
Misasi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141805957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Misasi Foundation Inc's spending goes to programs?
Misasi Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Misasi Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Misasi Foundation Inc is near average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Misasi Foundation Inc located?
Misasi Foundation Inc is headquartered in Dorset, Vermont and files with the IRS under EIN 141805957. It is classified under NTEE code T21.
How many years of IRS 990 filings does Misasi Foundation Inc have?
Misasi Foundation Inc 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 $1K in total revenue.
What is the current programmatic activity of the Misasi Foundation Inc. given its extremely low revenue and declining assets?
With annual revenues consistently under $2,000 and assets decreasing from over $43,000 to under $10,000 over a decade, the foundation's capacity for significant grantmaking or programmatic activity appears severely limited.
How does the organization cover its expenses when revenue is consistently lower, as seen in multiple past periods?
Historically, the organization has covered expenses by drawing down its assets, as evidenced by the significant decline in total assets from $43,374 in 2011 to $9,814 currently, while expenses often exceeded revenue.
Is the Misasi Foundation Inc. financially sustainable in the long term with its current financial trends?
The long-term financial sustainability is questionable given the consistent trend of expenses often exceeding revenue and the significant depletion of assets over the past decade. Without a substantial increase in revenue or a change in spending patterns, its operational capacity will continue to diminish.
Filing History
IRS 990 filing history for Misasi Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Misasi Foundation Inc's revenue has grown by 109.1%, moving from $1K to $3K. Total assets decreased by 76% over the same period, from $43K to $10K. Total functional expenses fell by 81.2%, from $13K to $3K. In its most recent filing year (2023), Misasi Foundation Inc reported a surplus of $103, with revenue exceeding expenses. The organization holds $1 in liabilities against $10K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $3K | $10K | $1 | — | — |
| 2022 | $198 | $65 | $10K | $1 | — | View 990 |
| 2021 | $880 | $574 | $10K | $1 | — | — |
| 2020 | $422 | $280 | $10K | $1 | — | — |
| 2019 | $1K | $2K | $10K | $1 | — | — |
| 2015 | $663 | $6K | $19K | $1 | — | View 990 |
| 2014 | $577 | $5K | $25K | $1 | — | View 990 |
| 2013 | $768 | $6K | $29K | $1 | — | View 990 |
| 2012 | $1K | $10K | $34K | $1 | — | View 990 |
| 2011 | $1K | $13K | $43K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $3K, and assets of $10K (revenue +1216.7% year-over-year).
- 2022: Revenue of $198, expenses of $65, and assets of $10K (revenue -77.5% year-over-year).
- 2021: Revenue of $880, expenses of $574, and assets of $10K (revenue +108.5% year-over-year).
- 2020: Revenue of $422, expenses of $280, and assets of $10K (revenue -57.9% year-over-year).
- 2019: Revenue of $1K, expenses of $2K, and assets of $10K (revenue +51.1% year-over-year).
- 2015: Revenue of $663, expenses of $6K, and assets of $19K (revenue +14.9% year-over-year).
- 2014: Revenue of $577, expenses of $5K, and assets of $25K (revenue -24.9% year-over-year).
- 2013: Revenue of $768, expenses of $6K, and assets of $29K (revenue -33.1% year-over-year).
- 2012: Revenue of $1K, expenses of $10K, and assets of $34K (revenue -7.9% year-over-year).
- 2011: Revenue of $1K, expenses of $13K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Misasi Foundation Inc:
Data Sources and Methodology
This transparency report for Misasi 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.