Mutual Of America Foundation
Mutual Of America Foundation consistently operates near break-even with no reported officer compensation.
EIN: 133443360 · New York, NY · NTEE: T21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.9M |
| Program Spending | 90% |
| Net Assets | $100K |
| Transparency Score | 90/100 |
Is Mutual Of America Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mutual Of America Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mutual Of America Foundation
Mutual Of America Foundation (EIN: 133443360) is a nonprofit organization based in New York, NY, classified under NTEE code T21Z. The organization reported total revenue of $2.9M and total assets of $654K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mutual Of America Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mutual Of America Foundation is a mid-size nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-48,306 |
| Total Assets | $615K |
| Total Liabilities | $515K |
| Net Assets | $100K |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 83.7% |
| Months of Reserves | 2.6 months |
Financial Health Grade: D
In 2023, Mutual Of America Foundation reported a deficit of $48K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 83.7% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mutual Of America Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | -8.5% | -39.5% |
| 2022 | +11.9% | +12.7% | +28.4% |
| 2021 | -26.6% | -26.0% | +194.9% |
| 2020 | +17.8% | +18.8% | -73.3% |
| 2019 | -14.6% | -16.0% | +60.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Mutual Of America Foundation 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, Mutual Of America Foundation 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 deficit of $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led or externally funded executive structure.
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 Mutual Of America Foundation's IRS 990 filings:
- High liabilities relative to assets in some periods
- Lack of detailed expense breakdown in provided data
Strengths
The following positive indicators were identified for Mutual Of America Foundation:
- Consistent 0% officer compensation
- Stable revenue generation over a decade
- Expenses generally align with revenue, indicating fiscal responsibility
Frequently Asked Questions about Mutual Of America Foundation
Is Mutual Of America Foundation a legitimate charity?
Mutual Of America Foundation (EIN: 133443360) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. 2 red flags identified. 3 strengths noted. Financial health grade: D.
How does Mutual Of America Foundation spend its money?
Mutual Of America Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mutual Of America Foundation tax-deductible?
Mutual Of America Foundation is registered as a tax-exempt nonprofit (EIN: 133443360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mutual Of America Foundation's spending goes to programs?
Mutual Of America Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mutual Of America Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mutual Of America Foundation is above average for NTEE category T21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mutual Of America Foundation located?
Mutual Of America Foundation is headquartered in New York, New York and files with the IRS under EIN 133443360. It is classified under NTEE code T21Z.
How many years of IRS 990 filings does Mutual Of America Foundation have?
Mutual Of America 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 $2.9M in total revenue.
How does Mutual Of America Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive functions may be performed by volunteers, or compensated through an affiliated entity not reflected in these specific filings, or that the foundation's structure minimizes traditional executive salaries.
What is the primary source of the foundation's revenue?
The provided IRS 990 data does not specify the primary source of revenue (e.g., contributions, investment income). Further investigation into the full 990 forms would be needed to determine this.
Are the liabilities consistently high relative to assets?
In several periods, such as 2023 ($514,687 liabilities vs. $614,687 assets) and 2022 ($915,330 liabilities vs. $1,015,330 assets), liabilities are a significant portion of assets, indicating a reliance on short-term funding or specific obligations that nearly match available resources.
Filing History
IRS 990 filing history for Mutual Of America Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mutual Of America Foundation's revenue has declined by 4.7%, moving from $2.9M to $2.8M. Total assets increased by 76.2% over the same period, from $349K to $615K. Total functional expenses fell by 3.1%, from $2.9M to $2.9M. In its most recent filing year (2023), Mutual Of America Foundation reported a deficit of $48K, with expenses exceeding revenue. The organization holds $515K in liabilities against $615K in assets (debt-to-asset ratio: 83.7%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.9M | $615K | $515K | — | — |
| 2022 | $3.1M | $3.1M | $1.0M | $915K | — | View 990 |
| 2021 | $2.8M | $2.8M | $791K | $691K | — | View 990 |
| 2020 | $3.8M | $3.7M | $268K | $136K | — | View 990 |
| 2019 | $3.2M | $3.1M | $1.0M | $903K | — | View 990 |
| 2015 | $3.7M | $3.7M | $626K | $569K | — | View 990 |
| 2014 | $3.1M | $3.1M | $432K | $375K | — | View 990 |
| 2013 | $3.3M | $3.4M | $511K | $454K | — | View 990 |
| 2012 | $2.7M | $2.7M | $333K | $276K | — | View 990 |
| 2011 | $2.9M | $2.9M | $349K | $292K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.9M, and assets of $615K (revenue -9.4% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.1M, and assets of $1.0M (revenue +11.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.8M, and assets of $791K (revenue -26.6% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.7M, and assets of $268K (revenue +17.8% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.1M, and assets of $1.0M (revenue -14.6% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.7M, and assets of $626K (revenue +22.5% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.1M, and assets of $432K (revenue -8.5% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.4M, and assets of $511K (revenue +24.8% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.7M, and assets of $333K (revenue -9.1% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.9M, and assets of $349K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mutual Of America Foundation:
Data Sources and Methodology
This transparency report for Mutual Of America 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.