Mulva Family Foundation
Mulva Family Foundation maintains substantial assets and reports no officer compensation across all filings.
EIN: 203221183 · Austin, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108.7M |
| Total Expenses | $23.9M |
| Program Spending | 90% |
| Net Assets | $467.8M |
| Transparency Score | 85/100 |
Is Mulva Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mulva Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mulva Family Foundation
Mulva Family Foundation (EIN: 203221183) is a nonprofit organization based in Austin, TX, classified under NTEE code T20. The organization reported total revenue of $108.7M and total assets of $540.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mulva Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mulva Family Foundation is a major 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 -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45.1M |
| Total Expenses | $23.9M |
| Surplus / Deficit | +$21.2M |
| Total Assets | $467.8M |
| Total Liabilities | $1 |
| Net Assets | $467.8M |
| Operating Margin | 47.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 235.0 months |
Financial Health Grade: A
In 2023, Mulva Family Foundation reported a surplus of $21.2M with revenue exceeding expenses, holds 235.0 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), Mulva Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.9% | +4.0% | +16.7% |
| 2022 | +109.0% | +33.9% | -6.0% |
| 2021 | -63.7% | +10.9% | +21.9% |
| 2020 | +16.8% | -24.9% | -3.9% |
| 2019 | +138.1% | +68.4% | +40.8% |
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 Mulva Family Foundation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mulva Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $21.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and asset base. This suggests either volunteer leadership or compensation is covered by an external entity, significantly reducing administrative overhead.
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 Mulva Family Foundation's IRS 990 filings:
- Lack of detailed expense breakdown to fully assess program vs. administrative spending efficiency
- Unusual 0% officer compensation, which, while positive for efficiency, warrants understanding of how leadership is sustained.
Strengths
The following positive indicators were identified for Mulva Family Foundation:
- Consistent and substantial asset growth, indicating strong financial health ($63M in 2011 to $467M in 2023)
- Negligible liabilities across all filings ($0 or $1), demonstrating excellent financial management and low debt.
- No reported officer compensation, suggesting very low administrative overhead related to executive salaries.
- Significant revenue generation, with the latest reported at over $45 million in 2023.
Frequently Asked Questions about Mulva Family Foundation
Is Mulva Family Foundation a legitimate charity?
Mulva Family Foundation (EIN: 203221183) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $108.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Mulva Family Foundation spend its money?
Mulva Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mulva Family Foundation tax-deductible?
Mulva Family Foundation is registered as a tax-exempt nonprofit (EIN: 203221183). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mulva Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mulva Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mulva Family Foundation located?
Mulva Family Foundation is headquartered in Austin, Texas and files with the IRS under EIN 203221183. It is classified under NTEE code T20.
How many years of IRS 990 filings does Mulva Family Foundation have?
Mulva Family 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 $108.7M in total revenue.
How does the Mulva Family Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the foundation's leadership may be entirely volunteer-based, or their compensation is covered by an external entity, such as the founding family's personal funds, rather than the foundation's operational budget. This practice significantly reduces administrative overhead.
What is the primary focus of the Mulva Family Foundation's programs?
Based on the NTEE code T20 (Foundations, Philanthropy, and Grantmaking), the Mulva Family Foundation primarily operates as a grantmaking organization, distributing funds to other nonprofits rather than directly running programs. The specific beneficiaries or areas of focus are not detailed in the provided financial summary.
How has the foundation's asset base grown so significantly over time?
The foundation's assets have grown substantially from $63 million in 2011 to over $467 million in 2023, indicating significant investment returns, additional contributions, or a combination thereof. This growth provides a strong base for future grantmaking activities.
Filing History
IRS 990 filing history for Mulva Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mulva Family Foundation's revenue has declined by 2.9%, moving from $46.5M to $45.1M. Total assets increased by 641.9% over the same period, from $63.1M to $467.8M. Total functional expenses rose by 4883.1%, from $479K to $23.9M. In its most recent filing year (2023), Mulva Family Foundation reported a surplus of $21.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $467.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $467.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45.1M | $23.9M | $467.8M | $1 | — | View 990 |
| 2022 | $33.2M | $23.0M | $400.7M | $1 | — | View 990 |
| 2021 | $15.9M | $17.1M | $426.3M | $1 | — | View 990 |
| 2020 | $43.8M | $15.5M | $349.9M | $1 | — | View 990 |
| 2019 | $37.5M | $20.6M | $364.1M | $0 | — | View 990 |
| 2015 | $15.7M | $12.2M | $258.5M | $0 | — | View 990 |
| 2014 | $60.3M | $10.9M | $274.6M | $0 | — | View 990 |
| 2013 | $68.8M | $6.2M | $216.4M | $0 | — | View 990 |
| 2012 | $92.6M | $2.9M | $164.2M | $0 | — | View 990 |
| 2011 | $46.5M | $479K | $63.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45.1M, expenses of $23.9M, and assets of $467.8M (revenue +35.9% year-over-year).
- 2022: Revenue of $33.2M, expenses of $23.0M, and assets of $400.7M (revenue +109.0% year-over-year).
- 2021: Revenue of $15.9M, expenses of $17.1M, and assets of $426.3M (revenue -63.7% year-over-year).
- 2020: Revenue of $43.8M, expenses of $15.5M, and assets of $349.9M (revenue +16.8% year-over-year).
- 2019: Revenue of $37.5M, expenses of $20.6M, and assets of $364.1M (revenue +138.1% year-over-year).
- 2015: Revenue of $15.7M, expenses of $12.2M, and assets of $258.5M (revenue -73.9% year-over-year).
- 2014: Revenue of $60.3M, expenses of $10.9M, and assets of $274.6M (revenue -12.3% year-over-year).
- 2013: Revenue of $68.8M, expenses of $6.2M, and assets of $216.4M (revenue -25.7% year-over-year).
- 2012: Revenue of $92.6M, expenses of $2.9M, and assets of $164.2M (revenue +99.2% year-over-year).
- 2011: Revenue of $46.5M, expenses of $479K, and assets of $63.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mulva Family Foundation:
Data Sources and Methodology
This transparency report for Mulva Family 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.