M&N Sports Inc
M&N Sports Inc. shows strong asset growth and no executive compensation, but recent years indicate operational deficits.
EIN: 113785511 · Bronx, NY · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Program Spending | 80% |
| Net Assets | $894K |
| Transparency Score | 85/100 |
Is M&N Sports Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
M&N Sports Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About M&N Sports Inc
M&N Sports Inc (EIN: 113785511) is a nonprofit organization based in Bronx, NY, classified under NTEE code N60. The organization reported total revenue of $1.8M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of M&N Sports Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
M&N Sports Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-97,747 |
| Total Assets | $1.4M |
| Total Liabilities | $507K |
| Net Assets | $894K |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 36.2% |
| Months of Reserves | 8.7 months |
Financial Health Grade: B
In 2023, M&N Sports Inc reported a deficit of $98K with expenses exceeding revenue, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 36.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), M&N Sports Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.3% | +27.8% | -6.1% |
| 2022 | -30.0% | +99.5% | -10.1% |
| 2021 | +173.9% | -2.4% | +986.6% |
| 2020 | -53.0% | -46.3% | +98.9% |
| 2019 | +11.5% | +8.4% | +89.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 M&N Sports Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, M&N Sports 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 deficit of $98K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.2%.
Executive Compensation Analysis
M&N Sports Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for donor trust and mission focus.
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 M&N Sports Inc's IRS 990 filings:
- Operational deficits in recent years (2023 expenses $1,935,940 vs. revenue $1,838,193; 2022 expenses $1,515,185 vs. revenue $1,348,203) could indicate unsustainable spending without further context.
Strengths
The following positive indicators were identified for M&N Sports Inc:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission over executive pay.
- Significant asset growth from $18,523 in 2015 to $1,400,917 in 2023, demonstrating financial stability and capacity.
- Strong revenue generation, consistently over $1 million in most recent years, peaking at $1,925,625 in 2021.
- Long and consistent filing history (13 filings), suggesting good governance and transparency.
Frequently Asked Questions about M&N Sports Inc
Is M&N Sports Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, M&N Sports Inc (EIN: 113785511) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does M&N Sports Inc spend its money?
M&N Sports Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to M&N Sports Inc tax-deductible?
M&N Sports Inc is registered as a tax-exempt nonprofit (EIN: 113785511). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of M&N Sports Inc's spending goes to programs?
M&N Sports Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does M&N Sports Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), M&N Sports Inc is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is M&N Sports Inc located?
M&N Sports Inc is headquartered in Bronx, New York and files with the IRS under EIN 113785511. It is classified under NTEE code N60.
How many years of IRS 990 filings does M&N Sports Inc have?
M&N Sports Inc has 13 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 $1.8M in total revenue.
Is M&N Sports Inc. a good charity?
Based on the available data, M&N Sports Inc. appears to be a good charity. It demonstrates strong asset growth from $18,523 in 2015 to $1,400,917 in 2023, and consistently reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds by not paying executives.
How has M&N Sports Inc.'s financial health changed over time?
M&N Sports Inc.'s financial health has significantly improved over the past decade, particularly in asset accumulation. Assets grew from $18,523 in 2015 to $1,400,917 in 2023. While revenue and expenses have fluctuated, with some recent operational deficits (e.g., 2023 expenses of $1,935,940 exceeding revenue of $1,838,193), the overall trend shows substantial growth and increased financial capacity.
What is the trend in M&N Sports Inc.'s revenue and expenses?
M&N Sports Inc. has experienced significant fluctuations in revenue and expenses. Revenue has grown substantially from $625,367 in 2015 to $1,838,193 in 2023, with a peak of $1,925,625 in 2021. Expenses have also increased, sometimes exceeding revenue (e.g., 2022 and 2023), and at other times being significantly lower (e.g., 2021 expenses of $759,303 vs. revenue of $1,925,625).
Filing History
IRS 990 filing history for M&N Sports Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), M&N Sports Inc's revenue has grown by 252.9%, moving from $521K to $1.8M. Total assets increased by 5467.1% over the same period, from $25K to $1.4M. Total functional expenses rose by 268.5%, from $525K to $1.9M. In its most recent filing year (2023), M&N Sports Inc reported a deficit of $98K, with expenses exceeding revenue. The organization holds $507K in liabilities against $1.4M in assets (debt-to-asset ratio: 36.2%), resulting in net assets of $894K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $1.4M | $507K | — | — |
| 2022 | $1.3M | $1.5M | $1.5M | $500K | — | View 990 |
| 2021 | $1.9M | $759K | $1.7M | $500K | — | View 990 |
| 2020 | $703K | $778K | $153K | $160K | — | View 990 |
| 2019 | $1.5M | $1.4M | $77K | $9K | — | View 990 |
| 2018 | $1.3M | $1.3M | $40K | $18K | — | View 990 |
| 2017 | $1.2M | $1.2M | $31K | $12K | — | View 990 |
| 2016 | $830K | $802K | $54K | $36K | — | View 990 |
| 2015 | $625K | $656K | $19K | $28K | — | View 990 |
| 2014 | $633K | $615K | $38K | $17K | — | View 990 |
| 2013 | $560K | $581K | $18K | $15K | — | View 990 |
| 2012 | $553K | $517K | $45K | $21K | — | View 990 |
| 2011 | $521K | $525K | $25K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $1.4M (revenue +36.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $1.5M (revenue -30.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $759K, and assets of $1.7M (revenue +173.9% year-over-year).
- 2020: Revenue of $703K, expenses of $778K, and assets of $153K (revenue -53.0% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $77K (revenue +11.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $40K (revenue +15.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $31K (revenue +39.6% year-over-year).
- 2016: Revenue of $830K, expenses of $802K, and assets of $54K (revenue +32.7% year-over-year).
- 2015: Revenue of $625K, expenses of $656K, and assets of $19K (revenue -1.2% year-over-year).
- 2014: Revenue of $633K, expenses of $615K, and assets of $38K (revenue +13.0% year-over-year).
- 2013: Revenue of $560K, expenses of $581K, and assets of $18K (revenue +1.2% year-over-year).
- 2012: Revenue of $553K, expenses of $517K, and assets of $45K (revenue +6.2% year-over-year).
- 2011: Revenue of $521K, expenses of $525K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for M&N Sports Inc:
Data Sources and Methodology
This transparency report for M&N Sports 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.