Mpower Development Corp
EIN: 462668689 · Philadelphia, PA · NTEE: X22
| Metric | Value |
|---|---|
| Total Revenue | $784K |
| Total Expenses | $344K |
| Net Assets | $13.3M |
Is Mpower Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mpower Development Corp
Mpower Development Corp (EIN: 462668689) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code X22. The organization reported total revenue of $784K and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mpower Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mpower Development Corp is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $633K |
| Total Expenses | $344K |
| Surplus / Deficit | +$289K |
| Total Assets | $13.4M |
| Total Liabilities | $96K |
| Net Assets | $13.3M |
| Operating Margin | 45.6% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 466.5 months |
Financial Health Grade: A
In 2024, Mpower Development Corp reported a surplus of $289K with revenue exceeding expenses, holds 466.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2015–2024), Mpower Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -3.7% | -5.2% | -1.8% |
| 2023 | -29.4% | -53.0% | +7.9% |
| 2022 | -94.0% | -8.9% | -3.4% |
| 2021 | +1629.3% | -23.0% | -1.2% |
| 2020 | -1.0% | -2.3% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mpower Development Corp 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 Mpower Development Corp 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $289K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Mpower Development Corp
Is Mpower Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Mpower Development Corp (EIN: 462668689) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mpower Development Corp spend its money?
Detailed spending breakdown data is not yet available for Mpower Development Corp. Check back for updated IRS 990 analysis.
Are donations to Mpower Development Corp tax-deductible?
Mpower Development Corp is registered as a tax-exempt nonprofit (EIN: 462668689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mpower Development Corp located?
Mpower Development Corp is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 462668689. It is classified under NTEE code X22.
How many years of IRS 990 filings does Mpower Development Corp have?
Mpower Development Corp 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 $784K in total revenue.
Filing History
IRS 990 filing history for Mpower Development Corp showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Mpower Development Corp's revenue has grown by 33.3%, moving from $474K to $633K. Total assets decreased by 14.1% over the same period, from $15.6M to $13.4M. Total functional expenses fell by 19.8%, from $429K to $344K. In its most recent filing year (2024), Mpower Development Corp reported a surplus of $289K, with revenue exceeding expenses. The organization holds $96K in liabilities against $13.4M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $633K | $344K | $13.4M | $96K | — | View 990 |
| 2023 | $657K | $363K | $13.6M | $95K | — | — |
| 2022 | $931K | $772K | $12.6M | $88K | — | View 990 |
| 2021 | $15.5M | $847K | $13.1M | $205K | — | — |
| 2020 | $894K | $1.1M | $13.2M | $14.7M | — | View 990 |
| 2019 | $903K | $1.1M | $13.7M | $14.7M | — | View 990 |
| 2018 | $906K | $1.1M | $14.2M | $14.7M | — | View 990 |
| 2017 | $867K | $1.1M | $14.7M | $14.7M | — | View 990 |
| 2016 | $889K | $1.1M | $15.2M | $14.7M | — | — |
| 2015 | $474K | $429K | $15.6M | $14.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $633K, expenses of $344K, and assets of $13.4M (revenue -3.7% year-over-year).
- 2023: Revenue of $657K, expenses of $363K, and assets of $13.6M (revenue -29.4% year-over-year).
- 2022: Revenue of $931K, expenses of $772K, and assets of $12.6M (revenue -94.0% year-over-year).
- 2021: Revenue of $15.5M, expenses of $847K, and assets of $13.1M (revenue +1629.3% year-over-year).
- 2020: Revenue of $894K, expenses of $1.1M, and assets of $13.2M (revenue -1.0% year-over-year).
- 2019: Revenue of $903K, expenses of $1.1M, and assets of $13.7M (revenue -0.3% year-over-year).
- 2018: Revenue of $906K, expenses of $1.1M, and assets of $14.2M (revenue +4.5% year-over-year).
- 2017: Revenue of $867K, expenses of $1.1M, and assets of $14.7M (revenue -2.4% year-over-year).
- 2016: Revenue of $889K, expenses of $1.1M, and assets of $15.2M (revenue +87.4% year-over-year).
- 2015: Revenue of $474K, expenses of $429K, and assets of $15.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mpower Development Corp:
Data Sources and Methodology
This transparency report for Mpower Development Corp 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.