Mre Foundation Inc
Mre Foundation Inc. shows small but stable financial operations with no reported liabilities and volunteer leadership, though recent data indicates zero revenue and assets.
EIN: 201884716 · Westerly, RI · NTEE: A33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $24K |
| Program Spending | 85% |
| Net Assets | $72K |
| Transparency Score | 75/100 |
Is Mre Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mre Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mre Foundation Inc
Mre Foundation Inc (EIN: 201884716) is a nonprofit organization based in Westerly, RI, classified under NTEE code A33. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mre Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mre Foundation Inc is a micro nonprofit that has been operating for 21 years, with 6 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $24K |
| Surplus / Deficit | +$14K |
| Total Assets | $72K |
| Net Assets | $72K |
| Operating Margin | 35.9% |
| Months of Reserves | 35.3 months |
Financial Health Grade: A
In 2021, Mre Foundation Inc reported a surplus of $14K with revenue exceeding expenses, holds 35.3 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2011–2021), Mre Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +5.3% | +1.1% | +36.8% |
| 2018 | -44.1% | -53.3% | +95.8% |
| 2014 | -13.8% | -29.4% | +93.6% |
| 2013 | +30.9% | +3.8% | +15.1% |
| 2012 | -27.9% | +5.4% | -52.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8200 |
| IRS Ruling Date | 2005 |
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 Mre Foundation Inc 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, Mre Foundation Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting that the organization's leadership is entirely volunteer-based, which is commendable for a small nonprofit.
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 Mre Foundation Inc's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating a potential operational halt or data discrepancy.
- Lack of detailed expense breakdown prevents a granular analysis of program versus administrative spending.
Strengths
The following positive indicators were identified for Mre Foundation Inc:
- Consistent IRS 990 filing history demonstrates transparency.
- No reported liabilities across all filings indicates strong financial management and solvency.
- 0% officer compensation suggests a highly volunteer-driven model, potentially maximizing program funds.
- Assets have shown growth over time, from $12,061 in 2012 to $72,013 in 2021 (excluding the latest $0 report).
Frequently Asked Questions about Mre Foundation Inc
Is Mre Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mre Foundation Inc (EIN: 201884716) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Mre Foundation Inc spend its money?
Mre Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mre Foundation Inc tax-deductible?
Mre Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201884716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mre Foundation Inc's spending goes to programs?
Mre Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mre Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mre Foundation Inc is above average for NTEE category A33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mre Foundation Inc located?
Mre Foundation Inc is headquartered in Westerly, Rhode Island and files with the IRS under EIN 201884716. It is classified under NTEE code A33.
How many years of IRS 990 filings does Mre Foundation Inc have?
Mre Foundation Inc 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.
Why are the latest reported revenue and assets $0?
The latest data shows $0 for both revenue and assets, which is a significant change from previous years. This could indicate a temporary cessation of activities, a change in filing requirements, or an error in the provided data. Further inquiry into the organization's current status would be necessary.
What are the specific program activities of Mre Foundation Inc.?
The NTEE code A33 indicates the organization is involved in 'Arts, Culture, and Humanities - Performing Arts - Theater'. However, the provided financial data does not detail specific program expenditures, making it difficult to assess the impact of their activities.
How does the organization sustain itself without officer compensation?
The consistent reporting of 0% officer compensation suggests a strong reliance on volunteer leadership. This model can be sustainable for smaller organizations, allowing more funds to be directed towards programs, but it also depends on the continued dedication of its volunteers.
Filing History
IRS 990 filing history for Mre Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2021), Mre Foundation Inc's revenue has declined by 52.1%, moving from $80K to $38K. Total assets increased by 184.4% over the same period, from $25K to $72K. Total functional expenses fell by 63.5%, from $67K to $24K. In its most recent filing year (2021), Mre Foundation Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $38K | $24K | $72K | $0 | — | — |
| 2018 | $36K | $24K | $53K | $0 | — | View 990 |
| 2014 | $65K | $52K | $27K | $0 | — | View 990 |
| 2013 | $75K | $73K | $14K | $0 | — | View 990 |
| 2012 | $57K | $71K | $12K | $0 | — | View 990 |
| 2011 | $80K | $67K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $38K, expenses of $24K, and assets of $72K (revenue +5.3% year-over-year).
- 2018: Revenue of $36K, expenses of $24K, and assets of $53K (revenue -44.1% year-over-year).
- 2014: Revenue of $65K, expenses of $52K, and assets of $27K (revenue -13.8% year-over-year).
- 2013: Revenue of $75K, expenses of $73K, and assets of $14K (revenue +30.9% year-over-year).
- 2012: Revenue of $57K, expenses of $71K, and assets of $12K (revenue -27.9% year-over-year).
- 2011: Revenue of $80K, expenses of $67K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mre Foundation Inc:
Data Sources and Methodology
This transparency report for Mre 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.