Mjg Foundation
EIN: 461680937 · Salt Lake Cty, UT · NTEE: T23
| Metric | Value |
|---|---|
| Total Revenue | $381K |
| Total Expenses | $425K |
| Net Assets | $417K |
Is Mjg Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mjg Foundation
Mjg Foundation (EIN: 461680937) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T23. The organization reported total revenue of $381K and total assets of $471K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mjg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mjg Foundation is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $425K |
| Surplus / Deficit | $-408,095 |
| Total Assets | $417K |
| Total Liabilities | $1 |
| Net Assets | $417K |
| Operating Margin | -2479.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2023, Mjg Foundation reported a deficit of $408K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.1% | +2410.1% | -49.5% |
| 2022 | -63.4% | -31.6% | +2.2% |
| 2021 | +2.9% | -36.7% | +9.4% |
| 2020 | +9.9% | -45.1% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mjg Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mjg Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $408K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Mjg Foundation
Is Mjg Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mjg Foundation (EIN: 461680937) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mjg Foundation spend its money?
Detailed spending breakdown data is not yet available for Mjg Foundation. Check back for updated IRS 990 analysis.
Are donations to Mjg Foundation tax-deductible?
Mjg Foundation is registered as a tax-exempt nonprofit (EIN: 461680937). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mjg Foundation located?
Mjg Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 461680937. It is classified under NTEE code T23.
How many years of IRS 990 filings does Mjg Foundation have?
Mjg Foundation has 6 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 $381K in total revenue.
Filing History
IRS 990 filing history for Mjg Foundation showing financial trends over 6 years of public records:
Total assets decreased by 45.7% over the same period, from $768K to $417K. Total functional expenses rose by 512.7%, from $69K to $425K. In its most recent filing year (2023), Mjg Foundation reported a deficit of $408K, with expenses exceeding revenue. The organization holds $1 in liabilities against $417K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $417K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $425K | $417K | $1 | — | — |
| 2022 | $34K | $17K | $825K | $1 | — | View 990 |
| 2021 | $94K | $25K | $808K | $1 | — | — |
| 2020 | $91K | $39K | $739K | $1 | — | View 990 |
| 2019 | $83K | $71K | $686K | $1 | — | View 990 |
| 2015 | $-14,253 | $69K | $768K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $425K, and assets of $417K (revenue -52.1% year-over-year).
- 2022: Revenue of $34K, expenses of $17K, and assets of $825K (revenue -63.4% year-over-year).
- 2021: Revenue of $94K, expenses of $25K, and assets of $808K (revenue +2.9% year-over-year).
- 2020: Revenue of $91K, expenses of $39K, and assets of $739K (revenue +9.9% year-over-year).
- 2019: Revenue of $83K, expenses of $71K, and assets of $686K.
- 2015: Revenue of $-14,253, expenses of $69K, and assets of $768K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mjg Foundation:
Data Sources and Methodology
This transparency report for Mjg 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.