Multi Ethnic Youth Group Association Inc
EIN: 650889462 · Miami, FL · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $737K |
| Total Expenses | $479K |
| Net Assets | $69K |
Is Multi Ethnic Youth Group Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Multi Ethnic Youth Group Association Inc
Multi Ethnic Youth Group Association Inc (EIN: 650889462) is a nonprofit organization based in Miami, FL, classified under NTEE code P80. The organization reported total revenue of $737K and total assets of $355K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Multi Ethnic Youth Group Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Multi Ethnic Youth Group Association Inc is a small nonprofit that has been operating for 23 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $560K |
| Total Expenses | $479K |
| Surplus / Deficit | +$81K |
| Total Assets | $292K |
| Total Liabilities | $223K |
| Net Assets | $69K |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 76.5% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Multi Ethnic Youth Group Association Inc reported a surplus of $81K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 76.5% (high leverage).
Financial Trends
Over 11 years of filings (2011–2023), Multi Ethnic Youth Group Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +0.1% | -4.7% |
| 2022 | +48.6% | +25.9% | +52.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Multi Ethnic Youth Group Association Inc 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 Multi Ethnic Youth Group Association Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $81K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.5%.
Frequently Asked Questions about Multi Ethnic Youth Group Association Inc
Is Multi Ethnic Youth Group Association Inc a legitimate charity?
Multi Ethnic Youth Group Association Inc (EIN: 650889462) is a registered tax-exempt nonprofit based in Florida. It has 11 years of IRS 990 filings on record. Total revenue: $737K. No red flags identified. Financial health grade: A.
How does Multi Ethnic Youth Group Association Inc spend its money?
Multi Ethnic Youth Group Association Inc reported $737K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Multi Ethnic Youth Group Association Inc tax-deductible?
Multi Ethnic Youth Group Association Inc is registered as a tax-exempt nonprofit (EIN: 650889462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Multi Ethnic Youth Group Association Inc located?
Multi Ethnic Youth Group Association Inc is headquartered in Miami, Florida and files with the IRS under EIN 650889462. It is classified under NTEE code P80.
How many years of IRS 990 filings does Multi Ethnic Youth Group Association Inc have?
Multi Ethnic Youth Group Association Inc has 11 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 $737K in total revenue.
Filing History
IRS 990 filing history for Multi Ethnic Youth Group Association Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Multi Ethnic Youth Group Association Inc's revenue has grown by 259%, moving from $156K to $560K. Total assets increased by 131.6% over the same period, from $126K to $292K. Total functional expenses rose by 182.3%, from $170K to $479K. In its most recent filing year (2023), Multi Ethnic Youth Group Association Inc reported a surplus of $81K, with revenue exceeding expenses. The organization holds $223K in liabilities against $292K in assets (debt-to-asset ratio: 76.5%), resulting in net assets of $69K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $560K | $479K | $292K | $223K | — | — |
| 2022 | $492K | $479K | $306K | $318K | — | View 990 |
| 2020 | $331K | $380K | $200K | $228K | — | View 990 |
| 2019 | $0 | $0 | $92K | $17K | — | View 990 |
| 2017 | $0 | $0 | $0 | $0 | — | View 990 |
| 2016 | $0 | $0 | $0 | $0 | — | View 990 |
| 2015 | $398K | $326K | $138K | $82K | — | View 990 |
| 2014 | $182K | $199K | $4K | $21K | — | View 990 |
| 2013 | $110K | $110K | $77K | $0 | — | View 990 |
| 2012 | $137K | $219K | $37K | $3K | — | View 990 |
| 2011 | $156K | $170K | $126K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $560K, expenses of $479K, and assets of $292K (revenue +13.7% year-over-year).
- 2022: Revenue of $492K, expenses of $479K, and assets of $306K (revenue +48.6% year-over-year).
- 2020: Revenue of $331K, expenses of $380K, and assets of $200K.
- 2019: Revenue of $0, expenses of $0, and assets of $92K.
- 2017: Revenue of $0, expenses of $0, and assets of $0.
- 2016: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2015: Revenue of $398K, expenses of $326K, and assets of $138K (revenue +118.3% year-over-year).
- 2014: Revenue of $182K, expenses of $199K, and assets of $4K (revenue +66.3% year-over-year).
- 2013: Revenue of $110K, expenses of $110K, and assets of $77K (revenue -20.0% year-over-year).
- 2012: Revenue of $137K, expenses of $219K, and assets of $37K (revenue -12.1% year-over-year).
- 2011: Revenue of $156K, expenses of $170K, and assets of $126K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Multi Ethnic Youth Group Association Inc:
Data Sources and Methodology
This transparency report for Multi Ethnic Youth Group Association 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.