My Neighbors Foundation Inc
My Neighbors Foundation Inc maintains stable finances with zero officer compensation and growing assets.
EIN: 205900130 · Monkton, MD · NTEE: T990 · Updated: 2026-03-28
Is My Neighbors Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
My Neighbors Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About My Neighbors Foundation Inc
My Neighbors Foundation Inc (EIN: 205900130) is a nonprofit organization based in Monkton, MD, classified under NTEE code T990. The organization reported total revenue of $171K and total assets of $153K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Neighbors Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates My Neighbors Foundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, My Neighbors Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers. This is highly commendable for an organization of its size, ensuring all funds are directed towards operational expenses and programs.
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 Neighbors Foundation Inc's IRS 990 filings:
- NTEE code T990 (Unknown) could be more specific for clarity on mission focus.
Strengths
The following positive indicators were identified for My Neighbors Foundation Inc:
- Consistent 0% officer compensation across all filings.
- Strong financial solvency with zero liabilities in recent years (2020-2023).
- Consistent growth in assets, reaching $186,765 in 2023.
- Stable revenue generation over the past decade, averaging around $150,000-$190,000 annually.
Frequently Asked Questions about My Neighbors Foundation Inc
Is My Neighbors Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, My Neighbors Foundation Inc (EIN: 205900130) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does My Neighbors Foundation Inc spend its money?
My Neighbors Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to My Neighbors Foundation Inc tax-deductible?
My Neighbors Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205900130). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is My Neighbors Foundation Inc financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenues, growing assets (reaching $186,765 in 2023), and zero liabilities reported in its most recent filings (2020-2023).
Does My Neighbors Foundation Inc pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all 13 available periods, indicating no salaries are paid to its executives.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $80,553 in 2014 to $186,765 in 2023, demonstrating effective financial management and accumulation of resources.
Are there any significant liabilities?
No, My Neighbors Foundation Inc has reported $0 in liabilities for the past four fiscal periods (2020-2023), indicating excellent solvency and financial health.
Filing History
IRS 990 filing history for My Neighbors Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), My Neighbors Foundation Inc's revenue has grown by 26.8%, moving from $139K to $176K. Total assets increased by 112.3% over the same period, from $88K to $187K. Total functional expenses rose by 137.2%, from $77K to $183K. In its most recent filing year (2023), My Neighbors Foundation Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $176K | $183K | $187K | $0 | — | View 990 |
| 2022 | $158K | $149K | $194K | $0 | — | View 990 |
| 2021 | $198K | $130K | $184K | $0 | — | View 990 |
| 2020 | $141K | $111K | $117K | $0 | — | View 990 |
| 2019 | $171K | $139K | $89K | $2K | — | View 990 |
| 2018 | $154K | $165K | $67K | $12K | — | View 990 |
| 2017 | $122K | $128K | $97K | $32K | — | View 990 |
| 2016 | $128K | $133K | $101K | $29K | — | View 990 |
| 2015 | $136K | $117K | $106K | $29K | — | View 990 |
| 2014 | $150K | $113K | $81K | $22K | — | View 990 |
| 2013 | $96K | $149K | $37K | $16K | — | View 990 |
| 2012 | $145K | $159K | $74K | $0 | — | View 990 |
| 2011 | $139K | $77K | $88K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $176K, expenses of $183K, and assets of $187K (revenue +11.2% year-over-year).
- 2022: Revenue of $158K, expenses of $149K, and assets of $194K (revenue -19.9% year-over-year).
- 2021: Revenue of $198K, expenses of $130K, and assets of $184K (revenue +40.1% year-over-year).
- 2020: Revenue of $141K, expenses of $111K, and assets of $117K (revenue -17.5% year-over-year).
- 2019: Revenue of $171K, expenses of $139K, and assets of $89K (revenue +10.7% year-over-year).
- 2018: Revenue of $154K, expenses of $165K, and assets of $67K (revenue +27.0% year-over-year).
- 2017: Revenue of $122K, expenses of $128K, and assets of $97K (revenue -5.0% year-over-year).
- 2016: Revenue of $128K, expenses of $133K, and assets of $101K (revenue -6.0% year-over-year).
- 2015: Revenue of $136K, expenses of $117K, and assets of $106K (revenue -9.2% year-over-year).
- 2014: Revenue of $150K, expenses of $113K, and assets of $81K (revenue +55.8% year-over-year).
- 2013: Revenue of $96K, expenses of $149K, and assets of $37K (revenue -33.6% year-over-year).
- 2012: Revenue of $145K, expenses of $159K, and assets of $74K (revenue +4.4% year-over-year).
- 2011: Revenue of $139K, expenses of $77K, and assets of $88K.
Data Sources and Methodology
This transparency report for My Neighbors Foundation 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.