Samuel Addison Megeath Jr Foundation
EIN: 274296327 · Reno, NV · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $47K |
| Net Assets | $1.0M |
Is Samuel Addison Megeath Jr Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Samuel Addison Megeath Jr Foundation
Samuel Addison Megeath Jr Foundation (EIN: 274296327) is a nonprofit organization based in Reno, NV, classified under NTEE code T20. The organization reported total revenue of $26K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Samuel Addison Megeath Jr Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Samuel Addison Megeath Jr Foundation is a micro nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $47K |
| Surplus / Deficit | $-20,280 |
| Total Assets | $1.0M |
| Total Liabilities | $1 |
| Net Assets | $1.0M |
| Operating Margin | -75.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 261.9 months |
Financial Health Grade: B
In 2023, Samuel Addison Megeath Jr Foundation reported a deficit of $20K with expenses exceeding revenue, holds 261.9 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), Samuel Addison Megeath Jr Foundation's revenue has grown at a compound annual growth rate (CAGR) of 24.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +7.0% | +30.1% |
| 2022 | -68.6% | -4.5% | -22.5% |
| 2021 | -74.0% | +20.2% | +50.0% |
| 2020 | +2972.0% | +62.8% | +92.2% |
| 2019 | -88.5% | -49.4% | +151.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Samuel Addison Megeath Jr 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 Samuel Addison Megeath Jr 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Samuel Addison Megeath Jr Foundation
Is Samuel Addison Megeath Jr Foundation a legitimate charity?
Samuel Addison Megeath Jr Foundation (EIN: 274296327) is a registered tax-exempt nonprofit based in Nevada. It has 10 years of IRS 990 filings on record. Total revenue: $26K. No red flags identified. Financial health grade: B.
How does Samuel Addison Megeath Jr Foundation spend its money?
Samuel Addison Megeath Jr Foundation reported $26K 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 Samuel Addison Megeath Jr Foundation tax-deductible?
Samuel Addison Megeath Jr Foundation is registered as a tax-exempt nonprofit (EIN: 274296327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Samuel Addison Megeath Jr Foundation located?
Samuel Addison Megeath Jr Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 274296327. It is classified under NTEE code T20.
How many years of IRS 990 filings does Samuel Addison Megeath Jr Foundation have?
Samuel Addison Megeath Jr 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 $26K in total revenue.
Filing History
IRS 990 filing history for Samuel Addison Megeath Jr Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Samuel Addison Megeath Jr Foundation's revenue has grown by 1226.3%, moving from $2K to $27K. Total assets increased by 1393.5% over the same period, from $69K to $1.0M. Total functional expenses rose by 17036.4%, from $275 to $47K. In its most recent filing year (2023), Samuel Addison Megeath Jr Foundation reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $47K | $1.0M | $1 | — | — |
| 2022 | $25K | $44K | $791K | $1 | — | — |
| 2021 | $79K | $46K | $1.0M | $1 | — | — |
| 2020 | $304K | $38K | $680K | $1 | — | — |
| 2019 | $10K | $24K | $354K | $1 | — | View 990 |
| 2015 | $86K | $47K | $141K | $212 | — | View 990 |
| 2014 | $22K | $2K | $102K | $1K | — | View 990 |
| 2013 | $21K | $525 | $82K | $350 | — | View 990 |
| 2012 | $7K | $9K | $61K | $1 | — | View 990 |
| 2011 | $2K | $275 | $69K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $47K, and assets of $1.0M (revenue +8.5% year-over-year).
- 2022: Revenue of $25K, expenses of $44K, and assets of $791K (revenue -68.6% year-over-year).
- 2021: Revenue of $79K, expenses of $46K, and assets of $1.0M (revenue -74.0% year-over-year).
- 2020: Revenue of $304K, expenses of $38K, and assets of $680K (revenue +2972.0% year-over-year).
- 2019: Revenue of $10K, expenses of $24K, and assets of $354K (revenue -88.5% year-over-year).
- 2015: Revenue of $86K, expenses of $47K, and assets of $141K (revenue +298.5% year-over-year).
- 2014: Revenue of $22K, expenses of $2K, and assets of $102K (revenue +2.0% year-over-year).
- 2013: Revenue of $21K, expenses of $525, and assets of $82K (revenue +210.8% year-over-year).
- 2012: Revenue of $7K, expenses of $9K, and assets of $61K (revenue +236.1% year-over-year).
- 2011: Revenue of $2K, expenses of $275, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Samuel Addison Megeath Jr Foundation:
Data Sources and Methodology
This transparency report for Samuel Addison Megeath Jr 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.