Mrd Global Foundation Incorporated
Mrd Global Foundation shows fluctuating revenues and a recent deficit, but maintains low liabilities and no executive compensation.
EIN: 203363120 · Reno, NV · NTEE: Q330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $12K |
| Program Spending | 85% |
| Net Assets | $15K |
| Transparency Score | 75/100 |
Is Mrd Global Foundation Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mrd Global Foundation Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mrd Global Foundation Incorporated
Mrd Global Foundation Incorporated (EIN: 203363120) is a nonprofit organization based in Reno, NV, classified under NTEE code Q330. The organization reported total revenue of $7K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mrd Global Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mrd Global Foundation Incorporated is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $12K |
| Surplus / Deficit | $-3,487 |
| Total Assets | $15K |
| Total Liabilities | $1 |
| Net Assets | $15K |
| Operating Margin | -40.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, Mrd Global Foundation Incorporated reported a deficit of $3K with expenses exceeding revenue, holds 14.8 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), Mrd Global Foundation Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.5% | +7.2% | -18.8% |
| 2022 | -49.4% | +20.4% | +2.6% |
| 2021 | +164.2% | +9.1% | +345.4% |
| 2020 | -6.0% | -0.4% | +5.4% |
| 2019 | -46.6% | -46.7% | -28.4% |
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 Mrd Global Foundation Incorporated 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mrd Global Foundation Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is a positive sign for donor confidence and efficient use of funds.
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 Mrd Global Foundation Incorporated's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (202312), indicating a deficit of $3,487.
- Significant revenue volatility, with a peak of $23,443 in 2021 and a drop to $8,710 in 2023.
Strengths
The following positive indicators were identified for Mrd Global Foundation Incorporated:
- Consistent 0% officer compensation, indicating a volunteer-led organization.
- Maintains extremely low liabilities ($1) across all reported periods.
- Consistent filing of IRS 990 forms for 10 periods, demonstrating transparency.
- Assets have shown growth over time, reaching $15,025 in 2023.
Frequently Asked Questions about Mrd Global Foundation Incorporated
Is Mrd Global Foundation Incorporated a legitimate charity?
Mrd Global Foundation Incorporated (EIN: 203363120) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $7K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Mrd Global Foundation Incorporated spend its money?
Mrd Global Foundation Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mrd Global Foundation Incorporated tax-deductible?
Mrd Global Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 203363120). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mrd Global Foundation Incorporated's spending goes to programs?
Mrd Global Foundation Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mrd Global Foundation Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mrd Global Foundation Incorporated is above average for NTEE category Q330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mrd Global Foundation Incorporated located?
Mrd Global Foundation Incorporated is headquartered in Reno, Nevada and files with the IRS under EIN 203363120. It is classified under NTEE code Q330.
How many years of IRS 990 filings does Mrd Global Foundation Incorporated have?
Mrd Global Foundation Incorporated 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 $7K in total revenue.
Is Mrd Global Foundation Incorporated financially stable given its fluctuating revenue?
While revenue has fluctuated, reaching a high of $23,443 in 2021 and dropping to $8,710 in 2023, the organization has consistently maintained low liabilities ($1) and grown its assets to $15,025 in 2023, suggesting a degree of stability despite revenue variability. However, the 2023 deficit where expenses ($12,197) exceeded revenue ($8,710) is a concern.
How does the lack of officer compensation impact the organization's efficiency?
The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership is volunteer-based. This significantly reduces administrative overhead and allows a greater proportion of funds to be directed towards its mission, enhancing spending efficiency.
What caused the significant drop in revenue from 2021 to 2023?
The provided data shows revenue decreased from $23,443 in 2021 to $8,710 in 2023. The IRS 990 filings themselves would need to be reviewed for specific explanations, such as changes in funding sources, grant cycles, or fundraising activities, as this data alone does not provide the cause.
Filing History
IRS 990 filing history for Mrd Global Foundation Incorporated showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mrd Global Foundation Incorporated's revenue has declined by 11.5%, moving from $10K to $9K. Total assets increased by 427.9% over the same period, from $3K to $15K. Total functional expenses rose by 65.6%, from $7K to $12K. In its most recent filing year (2023), Mrd Global Foundation Incorporated reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $15K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $12K | $15K | $1 | — | — |
| 2022 | $12K | $11K | $19K | $1 | — | — |
| 2021 | $23K | $9K | $18K | $1 | — | — |
| 2020 | $9K | $9K | $4K | $1 | — | View 990 |
| 2019 | $9K | $9K | $4K | $1 | — | — |
| 2015 | $18K | $16K | $5K | $1 | — | View 990 |
| 2014 | $8K | $7K | $4K | $1 | — | View 990 |
| 2013 | $8K | $6K | $3K | $1 | — | View 990 |
| 2012 | $8K | $9K | $2K | $1 | — | View 990 |
| 2011 | $10K | $7K | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $12K, and assets of $15K (revenue -26.5% year-over-year).
- 2022: Revenue of $12K, expenses of $11K, and assets of $19K (revenue -49.4% year-over-year).
- 2021: Revenue of $23K, expenses of $9K, and assets of $18K (revenue +164.2% year-over-year).
- 2020: Revenue of $9K, expenses of $9K, and assets of $4K (revenue -6.0% year-over-year).
- 2019: Revenue of $9K, expenses of $9K, and assets of $4K (revenue -46.6% year-over-year).
- 2015: Revenue of $18K, expenses of $16K, and assets of $5K (revenue +128.5% year-over-year).
- 2014: Revenue of $8K, expenses of $7K, and assets of $4K (revenue +1.4% year-over-year).
- 2013: Revenue of $8K, expenses of $6K, and assets of $3K (revenue -10.0% year-over-year).
- 2012: Revenue of $8K, expenses of $9K, and assets of $2K (revenue -13.9% year-over-year).
- 2011: Revenue of $10K, expenses of $7K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mrd Global Foundation Incorporated:
Data Sources and Methodology
This transparency report for Mrd Global Foundation Incorporated 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.