Mtc Foundation
Mtc Foundation consistently reports negligible revenue against expenses, raising sustainability concerns.
EIN: 201394977 · Centerville, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $2K |
| Net Assets | $78K |
| Transparency Score | 10/100 |
Is Mtc Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mtc Foundation
Mtc Foundation (EIN: 201394977) is a nonprofit organization based in Centerville, UT, classified under NTEE code T22. The organization reported total revenue of $5K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mtc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mtc Foundation is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,607 |
| Total Assets | $84K |
| Total Liabilities | $6K |
| Net Assets | $78K |
| Operating Margin | -160700.0% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 626.5 months |
Financial Health Grade: B
In 2023, Mtc Foundation reported a deficit of $2K with expenses exceeding revenue, holds 626.5 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -12.2% | +0.0% |
| 2022 | +0.0% | — | -1.2% |
| 2021 | +0.0% | -100.0% | +0.0% |
| 2020 | +0.0% | +992.8% | -28.2% |
| 2019 | +0.0% | -69.4% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Mtc Foundation with a Mission Score of 10 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.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Mtc Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.6%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating no salaries or other compensation paid to officers, which is positive for resource allocation.
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 Mtc Foundation's IRS 990 filings:
- Consistent reporting of $1 in revenue despite incurring expenses (e.g., $1,608 in 2023, $1,831 in 2022), indicating a significant reporting discrepancy or unsustainable financial model.
- Steady decline in assets from $148,991 in 2011 to $83,950 in 2023, suggesting the organization is liquidating assets to cover costs.
- Lack of detailed expense breakdown makes it impossible to determine program spending efficiency.
- High liabilities relative to reported revenue (e.g., $6,371 in liabilities in 2023 with $1 revenue).
Strengths
The following positive indicators were identified for Mtc Foundation:
- No officer compensation reported across all filings, indicating that executive pay is not a drain on resources.
Frequently Asked Questions about Mtc Foundation
Is Mtc Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mtc Foundation (EIN: 201394977) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does Mtc Foundation spend its money?
Detailed spending breakdown data is not yet available for Mtc Foundation. Check back for updated IRS 990 analysis.
Are donations to Mtc Foundation tax-deductible?
Mtc Foundation is registered as a tax-exempt nonprofit (EIN: 201394977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mtc Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Mtc Foundation is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mtc Foundation located?
Mtc Foundation is headquartered in Centerville, Utah and files with the IRS under EIN 201394977. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mtc Foundation have?
Mtc Foundation 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 $5K in total revenue.
How does Mtc Foundation cover its expenses with only $1 in reported revenue annually?
The consistent reporting of $1 in revenue while incurring expenses (e.g., $1,608 in 2023, $1,831 in 2022) suggests that the organization is either drawing from its assets, receiving unreported contributions, or has other funding mechanisms not reflected as revenue in these specific filings. This discrepancy makes it difficult to understand its true financial model.
What are the primary activities or programs of Mtc Foundation?
Based on the provided financial data, there is no information detailing the specific programs or activities that Mtc Foundation undertakes. The NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests it might be a grantmaking entity, but without program expense breakdowns, this remains unclear.
Why have Mtc Foundation's assets declined significantly over the past decade?
Assets have decreased from $148,991 in 2011 to $83,950 in 2023. This decline, coupled with minimal reported revenue and consistent expenses, indicates that the organization has likely been using its existing assets to cover operational costs, rather than generating new income.
Filing History
IRS 990 filing history for Mtc Foundation showing financial trends over 10 years of public records:
Total assets decreased by 43.7% over the same period, from $149K to $84K. Total functional expenses rose by 312.3%, from $390 to $2K. In its most recent filing year (2023), Mtc Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $6K in liabilities against $84K in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $78K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $2K | $84K | $6K | — | — |
| 2022 | $1 | $2K | $84K | $5K | — | View 990 |
| 2021 | $1 | $0 | $85K | $4K | — | — |
| 2020 | $1 | $33K | $85K | $4K | — | View 990 |
| 2019 | $1 | $3K | $118K | $4K | — | View 990 |
| 2015 | $1 | $10K | $124K | $1 | — | View 990 |
| 2014 | $1 | $7K | $134K | $1 | — | View 990 |
| 2013 | $0 | $8K | $141K | $0 | — | View 990 |
| 2012 | $1 | $0 | $149K | $1 | — | View 990 |
| 2011 | $0 | $390 | $149K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $2K, and assets of $84K (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $2K, and assets of $84K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $85K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $33K, and assets of $85K (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $3K, and assets of $118K (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $10K, and assets of $124K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $7K, and assets of $134K.
- 2013: Revenue of $0, expenses of $8K, and assets of $141K (revenue -100.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $149K.
- 2011: Revenue of $0, expenses of $390, and assets of $149K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mtc Foundation:
Data Sources and Methodology
This transparency report for Mtc Foundation 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.