Mrw Foundation Inc
Mrw Foundation Inc consistently reports 0% officer compensation and has grown assets to over $400,000.
EIN: 201188311 · Chesapeake, VA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $412K |
| Total Expenses | $164K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $399K |
| Transparency Score | 90/100 |
Is Mrw Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mrw Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mrw Foundation Inc
Mrw Foundation Inc (EIN: 201188311) is a nonprofit organization based in Chesapeake, VA, classified under NTEE code T22. The organization reported total revenue of $412K and total assets of $369K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mrw Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mrw Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 34.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $207K |
| Total Expenses | $164K |
| Surplus / Deficit | +$43K |
| Total Assets | $402K |
| Total Liabilities | $4K |
| Net Assets | $399K |
| Operating Margin | 20.8% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 29.4 months |
Financial Health Grade: A
In 2023, Mrw Foundation Inc reported a surplus of $43K with revenue exceeding expenses, holds 29.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mrw Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 34.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.2% | -2.4% | +13.1% |
| 2022 | -54.6% | -54.7% | +40.9% |
| 2021 | +204.5% | +33.7% | +3008.2% |
| 2020 | +99.9% | +659.6% | -90.5% |
| 2019 | +58.7% | -36.8% | +6254.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Mrw Foundation Inc with a Mission Score of 90 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mrw Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly commendable for an organization of its size, with recent revenues around $200,000-$600,000, suggesting a volunteer-driven leadership model.
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.
Strengths
The following positive indicators were identified for Mrw Foundation Inc:
- Consistent 0% officer compensation, indicating efficient use of funds.
- Significant asset growth over time, from $74,407 in 2011 to $402,270 in 2023.
- Generally positive net income in recent years, demonstrating financial sustainability (e.g., $43,181 surplus in 2023).
- Low liabilities, indicating a stable financial position.
Frequently Asked Questions about Mrw Foundation Inc
Is Mrw Foundation Inc a legitimate charity?
Mrw Foundation Inc (EIN: 201188311) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $412K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Mrw Foundation Inc spend its money?
Mrw Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mrw Foundation Inc tax-deductible?
Mrw Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201188311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mrw Foundation Inc CEO make?
Mrw Foundation Inc's highest-compensated officer earns $200,000 annually. The organization reported $412K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mrw Foundation Inc's spending goes to programs?
Mrw Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mrw Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mrw Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mrw Foundation Inc located?
Mrw Foundation Inc is headquartered in Chesapeake, Virginia and files with the IRS under EIN 201188311. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mrw Foundation Inc have?
Mrw Foundation Inc 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 $412K in total revenue.
Is Mrw Foundation Inc a good charity?
Based on the provided data, Mrw Foundation Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission and operational costs. The organization has also shown consistent asset growth and generally manages its expenses well below its revenue.
How has Mrw Foundation Inc's financial health changed over time?
Mrw Foundation Inc has shown significant financial growth and improved health over time. Its assets have grown from $74,407 in 2011 to $402,270 in 2023. While revenue and expenses have fluctuated, the organization has generally maintained a positive net income in recent years, such as a $43,181 surplus in 2023.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, with 0% reported officer compensation in all available filings. This suggests that the leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence.
Filing History
IRS 990 filing history for Mrw Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mrw Foundation Inc's revenue has grown by 3436.3%, moving from $6K to $207K. Total assets increased by 440.6% over the same period, from $74K to $402K. Total functional expenses rose by 1231.6%, from $12K to $164K. In its most recent filing year (2023), Mrw Foundation Inc reported a surplus of $43K, with revenue exceeding expenses. The organization holds $4K in liabilities against $402K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $207K | $164K | $402K | $4K | — | — |
| 2022 | $277K | $168K | $356K | $1 | — | View 990 |
| 2021 | $611K | $372K | $252K | $6K | — | View 990 |
| 2020 | $201K | $278K | $8K | $379 | — | — |
| 2019 | $100K | $37K | $85K | $1 | — | View 990 |
| 2015 | $63K | $58K | $1K | $6K | — | View 990 |
| 2014 | $53K | $86K | $676 | $10K | — | View 990 |
| 2013 | $29K | $30K | $24K | $1 | — | View 990 |
| 2012 | $4K | $54K | $25K | $0 | — | View 990 |
| 2011 | $6K | $12K | $74K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $207K, expenses of $164K, and assets of $402K (revenue -25.2% year-over-year).
- 2022: Revenue of $277K, expenses of $168K, and assets of $356K (revenue -54.6% year-over-year).
- 2021: Revenue of $611K, expenses of $372K, and assets of $252K (revenue +204.5% year-over-year).
- 2020: Revenue of $201K, expenses of $278K, and assets of $8K (revenue +99.9% year-over-year).
- 2019: Revenue of $100K, expenses of $37K, and assets of $85K (revenue +58.7% year-over-year).
- 2015: Revenue of $63K, expenses of $58K, and assets of $1K (revenue +19.4% year-over-year).
- 2014: Revenue of $53K, expenses of $86K, and assets of $676 (revenue +82.0% year-over-year).
- 2013: Revenue of $29K, expenses of $30K, and assets of $24K (revenue +639.0% year-over-year).
- 2012: Revenue of $4K, expenses of $54K, and assets of $25K (revenue -32.9% year-over-year).
- 2011: Revenue of $6K, expenses of $12K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mrw Foundation Inc:
Data Sources and Methodology
This transparency report for Mrw 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.