Mycological Society Of America The
Mycological Society Of America consistently grows assets with no reported officer compensation.
EIN: 166077141 · Windsor, WI · Updated: 2026-03-28
Is Mycological Society Of America The Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mycological Society Of America The directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mycological Society Of America The
Mycological Society Of America The (EIN: 166077141) is a nonprofit organization based in Windsor, WI. The organization reported total revenue of $328K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mycological Society Of America The'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 Mycological Society Of America The 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mycological Society Of America The allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is highly favorable for an organization of this size and indicates a strong commitment to directing funds towards its mission.
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.
Strengths
The following positive indicators were identified for Mycological Society Of America The:
- Consistent asset growth, from $1,172,592 in 2013 to $2,596,407 in 2021.
- No reported officer compensation across all 12 filings, indicating efficient use of funds.
- Consistently operates with a surplus (revenue exceeding expenses) in most years, e.g., $233,916 revenue vs $139,221 expenses in 2021.
- Low liabilities relative to assets, demonstrating strong financial stability.
- Strong financial reserves, with assets significantly exceeding annual revenue.
Frequently Asked Questions about Mycological Society Of America The
Is Mycological Society Of America The a legitimate charity?
Based on AI analysis of IRS 990 filings, Mycological Society Of America The (EIN: 166077141) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Mycological Society Of America The spend its money?
Mycological Society Of America The directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mycological Society Of America The tax-deductible?
Mycological Society Of America The is registered as a tax-exempt nonprofit (EIN: 166077141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Mycological Society Of America a good charity?
Based on the provided financial data, The Mycological Society Of America appears to be a very good charity. It consistently operates with a surplus, grows its assets, and reports no officer compensation, indicating efficient use of funds and strong financial health.
How has the organization's financial health changed over time?
The organization's financial health has consistently improved, with assets growing from $1,172,592 in 2013 to $2,596,407 in 2021. It generally maintains a positive net income, contributing to this steady asset accumulation.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a highly lean executive structure, possibly volunteer-based, which is a strong indicator of financial prudence.
Filing History
IRS 990 filing history for Mycological Society Of America The showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2021), Mycological Society Of America The's revenue has declined by 40.5%, moving from $393K to $234K. Total assets increased by 159.5% over the same period, from $1.0M to $2.6M. Total functional expenses fell by 64%, from $386K to $139K. In its most recent filing year (2021), Mycological Society Of America The reported a surplus of $95K, with revenue exceeding expenses. The organization holds $23K in liabilities against $2.6M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $234K | $139K | $2.6M | $23K | — | View 990 |
| 2020 | $233K | $122K | $2.3M | $28K | — | View 990 |
| 2019 | $402K | $419K | $2.0M | $35K | — | View 990 |
| 2018 | $923K | $789K | $1.8M | $52K | — | View 990 |
| 2017 | $459K | $344K | $1.8M | $87K | — | View 990 |
| 2016 | $510K | $345K | $1.6M | $51K | — | View 990 |
| 2015 | $400K | $315K | $1.5M | $156K | — | View 990 |
| 2014 | $532K | $366K | $1.5M | $150K | — | View 990 |
| 2013 | $96K | $161K | $1.1M | $1 | — | View 990 |
| 2013 | $455K | $326K | $1.2M | $0 | — | View 990 |
| 2012 | $348K | $359K | $1000K | $0 | — | View 990 |
| 2011 | $393K | $386K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $234K, expenses of $139K, and assets of $2.6M (revenue +0.3% year-over-year).
- 2020: Revenue of $233K, expenses of $122K, and assets of $2.3M (revenue -42.0% year-over-year).
- 2019: Revenue of $402K, expenses of $419K, and assets of $2.0M (revenue -56.5% year-over-year).
- 2018: Revenue of $923K, expenses of $789K, and assets of $1.8M (revenue +100.9% year-over-year).
- 2017: Revenue of $459K, expenses of $344K, and assets of $1.8M (revenue -9.9% year-over-year).
- 2016: Revenue of $510K, expenses of $345K, and assets of $1.6M (revenue +27.6% year-over-year).
- 2015: Revenue of $400K, expenses of $315K, and assets of $1.5M (revenue -24.9% year-over-year).
- 2014: Revenue of $532K, expenses of $366K, and assets of $1.5M (revenue +455.4% year-over-year).
- 2013: Revenue of $96K, expenses of $161K, and assets of $1.1M (revenue -79.0% year-over-year).
- 2013: Revenue of $455K, expenses of $326K, and assets of $1.2M (revenue +30.9% year-over-year).
- 2012: Revenue of $348K, expenses of $359K, and assets of $1000K (revenue -11.5% year-over-year).
- 2011: Revenue of $393K, expenses of $386K, and assets of $1.0M.
Data Sources and Methodology
This transparency report for Mycological Society Of America The 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.