Myfifident Foundation
Myfifident Foundation maintains strong assets and zero reported officer compensation amidst fluctuating revenues.
EIN: 206363957 · Cumming, GA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $404K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8,925,869 |
| Net Assets | $8.8M |
| Transparency Score | 92/100 |
Is Myfifident Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Myfifident Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Myfifident Foundation
Myfifident Foundation (EIN: 206363957) is a nonprofit organization based in Cumming, GA, classified under NTEE code T22. The organization reported total revenue of $1.1M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Myfifident Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Myfifident Foundation is a mid-size nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $449K |
| Total Expenses | $404K |
| Surplus / Deficit | +$46K |
| Total Assets | $8.8M |
| Total Liabilities | $1 |
| Net Assets | $8.8M |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 261.5 months |
Financial Health Grade: A
In 2022, Myfifident Foundation reported a surplus of $46K with revenue exceeding expenses, holds 261.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Myfifident Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +2.3% | +13.8% | +0.7% |
| 2021 | +2.1% | -26.6% | -0.3% |
| 2020 | +26.9% | -14.6% | -0.6% |
| 2019 | -5.9% | -31.5% | -10.3% |
| 2015 | -41.3% | +56.6% | -2.7% |
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 Myfifident Foundation 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Myfifident Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Myfifident Foundation consistently reports 0% officer compensation across all nine available filings, which is exceptional for an organization of its asset size ($8,925,869) and indicates a strong commitment to directing funds towards its mission rather than executive salaries.
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 Myfifident Foundation's IRS 990 filings:
- Long-term trend of declining assets (from $10.6M in 2011 to $8.9M currently)
- Periods of deficit spending where expenses exceeded revenue (e.g., 2019, 2020)
Strengths
The following positive indicators were identified for Myfifident Foundation:
- Consistently reports 0% officer compensation across all filings
- Strong asset base relative to annual revenue ($8.9M assets vs. $1.05M latest revenue)
- Consistently low liabilities ($0 or $1 reported)
- Consistent IRS 990 filing history (9 filings)
- Recent stabilization and slight growth in assets (2020-2022)
Frequently Asked Questions about Myfifident Foundation
Is Myfifident Foundation a legitimate charity?
Myfifident Foundation (EIN: 206363957) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 92/100. It has 9 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Myfifident Foundation spend its money?
Myfifident Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Myfifident Foundation tax-deductible?
Myfifident Foundation is registered as a tax-exempt nonprofit (EIN: 206363957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Myfifident Foundation CEO make?
Myfifident Foundation's highest-compensated officer earns $8,925,869 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Myfifident Foundation's spending goes to programs?
Myfifident Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Myfifident Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Myfifident Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Myfifident Foundation located?
Myfifident Foundation is headquartered in Cumming, Georgia and files with the IRS under EIN 206363957. It is classified under NTEE code T22.
How many years of IRS 990 filings does Myfifident Foundation have?
Myfifident Foundation has 9 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 $1.1M in total revenue.
Is Myfifident Foundation a good charity?
Based on the available data, Myfifident Foundation appears to be a very good charity. It has substantial assets ($8,925,869), consistently low liabilities, and, most notably, reports 0% officer compensation across all nine filings, suggesting a high proportion of funds are used for its mission.
How does Myfifident Foundation manage its expenses relative to its revenue?
Myfifident Foundation generally manages its expenses well, often keeping them below or close to revenue. For example, in 2022, expenses were $403,829 against $449,419 in revenue, and in 2021, expenses were $354,979 against $439,221 in revenue. There have been periods of deficit spending, such as in 2020 ($483,627 expenses vs. $430,009 revenue) and 2019 ($566,257 expenses vs. $338,809 revenue), but the overall asset base remains strong.
What is the trend in Myfifident Foundation's assets?
Myfifident Foundation's assets have seen a gradual decline over the long term, from $10,664,695 in 2011 to $8,925,869 currently. However, in recent years (2020-2022), assets have stabilized and shown slight growth, from $8,759,620 in 2020 to $8,800,985 in 2022.
Filing History
IRS 990 filing history for Myfifident Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Myfifident Foundation's revenue has grown by 11.5%, moving from $403K to $449K. Total assets decreased by 17.5% over the same period, from $10.7M to $8.8M. Total functional expenses fell by 56.3%, from $925K to $404K. In its most recent filing year (2022), Myfifident Foundation reported a surplus of $46K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $449K | $404K | $8.8M | $1 | — | View 990 |
| 2021 | $439K | $355K | $8.7M | $1 | — | View 990 |
| 2020 | $430K | $484K | $8.8M | $1 | — | View 990 |
| 2019 | $339K | $566K | $8.8M | $1 | — | — |
| 2015 | $360K | $826K | $9.8M | $0 | — | View 990 |
| 2014 | $613K | $528K | $10.1M | $0 | — | View 990 |
| 2013 | $455K | $727K | $10.1M | $0 | — | View 990 |
| 2012 | $979K | $1.1M | $10.4M | $0 | — | View 990 |
| 2011 | $403K | $925K | $10.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $449K, expenses of $404K, and assets of $8.8M (revenue +2.3% year-over-year).
- 2021: Revenue of $439K, expenses of $355K, and assets of $8.7M (revenue +2.1% year-over-year).
- 2020: Revenue of $430K, expenses of $484K, and assets of $8.8M (revenue +26.9% year-over-year).
- 2019: Revenue of $339K, expenses of $566K, and assets of $8.8M (revenue -5.9% year-over-year).
- 2015: Revenue of $360K, expenses of $826K, and assets of $9.8M (revenue -41.3% year-over-year).
- 2014: Revenue of $613K, expenses of $528K, and assets of $10.1M (revenue +34.6% year-over-year).
- 2013: Revenue of $455K, expenses of $727K, and assets of $10.1M (revenue -53.5% year-over-year).
- 2012: Revenue of $979K, expenses of $1.1M, and assets of $10.4M (revenue +142.7% year-over-year).
- 2011: Revenue of $403K, expenses of $925K, and assets of $10.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Myfifident Foundation:
Data Sources and Methodology
This transparency report for Myfifident 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.