My Charitable Foundation
My Charitable Foundation shows strong asset growth and low reported expenses, with no officer compensation.
EIN: 208103829 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $645K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $11.0M |
| Transparency Score | 85/100 |
Is My Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
My Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About My Charitable Foundation
My Charitable Foundation (EIN: 208103829) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $2.5M and total assets of $12.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
My Charitable Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $645K |
| Surplus / Deficit | +$1.2M |
| Total Assets | $11.0M |
| Total Liabilities | $1 |
| Net Assets | $11.0M |
| Operating Margin | 65.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 203.9 months |
Financial Health Grade: A
In 2023, My Charitable Foundation reported a surplus of $1.2M with revenue exceeding expenses, holds 203.9 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), My Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +370.8% | +6.3% | +12.4% |
| 2022 | -93.6% | +107.1% | -2.1% |
| 2021 | +635.7% | +25.4% | +143.1% |
| 2020 | +20.6% | +11.4% | +17.3% |
| 2019 | +85.5% | +96.5% | +68.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 My Charitable 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, My Charitable 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all ten years of available filings, suggesting either a fully volunteer-led organization or that executive compensation is categorized differently, which impacts the clarity of leadership costs for an organization with over $12 million in assets.
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 My Charitable Foundation's IRS 990 filings:
- Consistently reported $1 in liabilities, which is highly unusual and may obscure true financial obligations.
- No reported officer compensation across all filings, potentially impacting transparency regarding leadership costs.
- Significant revenue volatility, indicating potential reliance on large, infrequent contributions rather than stable funding streams.
Strengths
The following positive indicators were identified for My Charitable Foundation:
- Strong and consistent asset growth, from $945,865 in 2011 to $12,506,217 currently.
- Low reported expenses relative to revenue, particularly in 2023 ($645,255 expenses vs. $1,858,394 revenue), suggesting efficient operations.
- Absence of reported officer compensation, potentially indicating a highly volunteer-driven model.
Frequently Asked Questions about My Charitable Foundation
Is My Charitable Foundation a legitimate charity?
My Charitable Foundation (EIN: 208103829) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.5M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does My Charitable Foundation spend its money?
My Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to My Charitable Foundation tax-deductible?
My Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 208103829). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the My Charitable Foundation CEO make?
My Charitable Foundation's highest-compensated officer earns $12 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does My Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), My Charitable 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 My Charitable Foundation located?
My Charitable Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208103829. It is classified under NTEE code T20.
How many years of IRS 990 filings does My Charitable Foundation have?
My Charitable 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 $2.5M in total revenue.
Why are liabilities consistently reported as $1 across all filings?
The consistent reporting of $1 in liabilities is highly unusual for an organization of this size and could indicate a simplified reporting method or a lack of significant debt. It warrants further inquiry to understand the full financial picture.
How does My Charitable Foundation manage to operate without reporting any officer compensation?
The absence of reported officer compensation suggests the organization may be entirely volunteer-led at the executive level, or that compensation is reported under other expense categories, which would affect transparency.
What is the primary source of the significant revenue fluctuations observed, such as the $6.1 million in 2021?
The large swings in revenue, particularly the $6.1 million in 2021, suggest the organization may receive substantial, infrequent donations or grants. Understanding these sources is key to assessing funding stability.
Filing History
IRS 990 filing history for My Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), My Charitable Foundation's revenue has grown by 745.1%, moving from $220K to $1.9M. Total assets increased by 1059% over the same period, from $946K to $11.0M. Total functional expenses rose by 1885.6%, from $32K to $645K. In its most recent filing year (2023), My Charitable Foundation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $645K | $11.0M | $1 | — | View 990 |
| 2022 | $395K | $607K | $9.7M | $1 | — | View 990 |
| 2021 | $6.2M | $293K | $10.0M | $1 | — | View 990 |
| 2020 | $837K | $234K | $4.1M | $1 | — | — |
| 2019 | $694K | $210K | $3.5M | $1 | — | View 990 |
| 2015 | $374K | $107K | $2.1M | $1 | — | View 990 |
| 2014 | $304K | $79K | $1.8M | $1 | — | View 990 |
| 2013 | $389K | $53K | $1.6M | $1 | — | View 990 |
| 2012 | $339K | $44K | $1.2M | $1 | — | View 990 |
| 2011 | $220K | $32K | $946K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $645K, and assets of $11.0M (revenue +370.8% year-over-year).
- 2022: Revenue of $395K, expenses of $607K, and assets of $9.7M (revenue -93.6% year-over-year).
- 2021: Revenue of $6.2M, expenses of $293K, and assets of $10.0M (revenue +635.7% year-over-year).
- 2020: Revenue of $837K, expenses of $234K, and assets of $4.1M (revenue +20.6% year-over-year).
- 2019: Revenue of $694K, expenses of $210K, and assets of $3.5M (revenue +85.5% year-over-year).
- 2015: Revenue of $374K, expenses of $107K, and assets of $2.1M (revenue +23.0% year-over-year).
- 2014: Revenue of $304K, expenses of $79K, and assets of $1.8M (revenue -21.8% year-over-year).
- 2013: Revenue of $389K, expenses of $53K, and assets of $1.6M (revenue +14.9% year-over-year).
- 2012: Revenue of $339K, expenses of $44K, and assets of $1.2M (revenue +54.0% year-over-year).
- 2011: Revenue of $220K, expenses of $32K, and assets of $946K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for My Charitable Foundation:
Data Sources and Methodology
This transparency report for My Charitable 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.