Myra Foundation
EIN: 450215088 · Grand Forks, ND
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $837K |
| Net Assets | $13.3M |
Is Myra Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Myra Foundation
Myra Foundation (EIN: 450215088) is a nonprofit organization based in Grand Forks, ND. The organization reported total revenue of $9.6M and total assets of $14.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Myra Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Myra Foundation is a mid-size nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $829K |
| Total Expenses | $837K |
| Surplus / Deficit | $-7,936 |
| Total Assets | $13.3M |
| Total Liabilities | $6K |
| Net Assets | $13.3M |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 191.4 months |
Financial Health Grade: B
In 2023, Myra Foundation reported a deficit of $8K with expenses exceeding revenue, holds 191.4 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), Myra Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +85.6% | -5.0% | +8.9% |
| 2022 | -52.6% | -8.4% | -21.4% |
| 2021 | +84.9% | +14.5% | +6.6% |
| 2020 | -96.0% | +27.4% | +7.1% |
| 2019 | +3036.4% | +44.8% | +1026.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Myra Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Myra Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Myra Foundation
Is Myra Foundation a legitimate charity?
Myra Foundation (EIN: 450215088) is a registered tax-exempt nonprofit based in North Dakota. It has 10 years of IRS 990 filings on record. Total revenue: $9.6M. No red flags identified. Financial health grade: B.
How does Myra Foundation spend its money?
Myra Foundation reported $9.6M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Myra Foundation tax-deductible?
Myra Foundation is registered as a tax-exempt nonprofit (EIN: 450215088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Myra Foundation located?
Myra Foundation is headquartered in Grand Forks, North Dakota and files with the IRS under EIN 450215088.
How many years of IRS 990 filings does Myra Foundation have?
Myra 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 $9.6M in total revenue.
Filing History
IRS 990 filing history for Myra Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Myra Foundation's revenue has grown by 51.6%, moving from $546K to $829K. Total assets increased by 1380.8% over the same period, from $901K to $13.3M. Total functional expenses rose by 94.9%, from $429K to $837K. In its most recent filing year (2023), Myra Foundation reported a deficit of $8K, with expenses exceeding revenue. The organization holds $6K in liabilities against $13.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $829K | $837K | $13.3M | $6K | — | View 990 |
| 2022 | $446K | $880K | $12.2M | $1 | — | View 990 |
| 2021 | $942K | $961K | $15.6M | $6K | — | View 990 |
| 2020 | $509K | $840K | $14.6M | $1 | — | — |
| 2019 | $12.9M | $659K | $13.7M | $249K | — | View 990 |
| 2015 | $410K | $455K | $1.2M | $0 | — | View 990 |
| 2014 | $675K | $391K | $1.2M | $3K | — | View 990 |
| 2013 | $489K | $381K | $972K | $0 | — | View 990 |
| 2012 | $464K | $455K | $1.2M | $316K | — | View 990 |
| 2011 | $546K | $429K | $901K | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $829K, expenses of $837K, and assets of $13.3M (revenue +85.6% year-over-year).
- 2022: Revenue of $446K, expenses of $880K, and assets of $12.2M (revenue -52.6% year-over-year).
- 2021: Revenue of $942K, expenses of $961K, and assets of $15.6M (revenue +84.9% year-over-year).
- 2020: Revenue of $509K, expenses of $840K, and assets of $14.6M (revenue -96.0% year-over-year).
- 2019: Revenue of $12.9M, expenses of $659K, and assets of $13.7M (revenue +3036.4% year-over-year).
- 2015: Revenue of $410K, expenses of $455K, and assets of $1.2M (revenue -39.2% year-over-year).
- 2014: Revenue of $675K, expenses of $391K, and assets of $1.2M (revenue +38.1% year-over-year).
- 2013: Revenue of $489K, expenses of $381K, and assets of $972K (revenue +5.3% year-over-year).
- 2012: Revenue of $464K, expenses of $455K, and assets of $1.2M (revenue -15.1% year-over-year).
- 2011: Revenue of $546K, expenses of $429K, and assets of $901K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Myra Foundation:
Data Sources and Methodology
This transparency report for Myra 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.