The Meil Family Foundation Inc
The Meil Family Foundation consistently grows assets with zero executive compensation and minimal liabilities.
EIN: 200230903 · Potomac, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $302K |
| Total Expenses | $170K |
| Program Spending | 90% |
| Net Assets | $371K |
| Transparency Score | 92/100 |
Is The Meil Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Meil Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Meil Family Foundation Inc
The Meil Family Foundation Inc (EIN: 200230903) is a nonprofit organization based in Potomac, MD, classified under NTEE code T22. The organization reported total revenue of $302K and total assets of $400K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Meil Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Meil Family Foundation Inc is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $297K |
| Total Expenses | $170K |
| Surplus / Deficit | +$127K |
| Total Assets | $371K |
| Total Liabilities | $1 |
| Net Assets | $371K |
| Operating Margin | 42.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.1 months |
Financial Health Grade: A
In 2023, The Meil Family Foundation Inc reported a surplus of $127K with revenue exceeding expenses, holds 26.1 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), The Meil Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.8% | +65.3% | +12.8% |
| 2022 | -4.0% | -36.5% | +5.1% |
| 2021 | -45.8% | +139.8% | -10.7% |
| 2020 | +279.1% | +19.7% | +78.9% |
| 2019 | +109.2% | +23.4% | +44.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 The Meil Family 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Meil Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $127K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational model.
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 The Meil Family Foundation Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusually low liabilities ($1) could indicate simplified reporting for some periods
Strengths
The following positive indicators were identified for The Meil Family Foundation Inc:
- Consistent asset growth (from $187,877 in 2011 to $370,946 in 2023)
- Zero executive compensation across all reported periods
- Minimal liabilities ($1 in most recent filings)
- Healthy revenue generation, with a peak of $402,698 in 2020
- Positive net income in most recent years (e.g., $297,138 revenue vs. $170,368 expenses in 2023)
Frequently Asked Questions about The Meil Family Foundation Inc
Is The Meil Family Foundation Inc a legitimate charity?
The Meil Family Foundation Inc (EIN: 200230903) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $302K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Meil Family Foundation Inc spend its money?
The Meil Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Meil Family Foundation Inc tax-deductible?
The Meil Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200230903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Meil Family Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Meil Family Foundation Inc 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 The Meil Family Foundation Inc located?
The Meil Family Foundation Inc is headquartered in Potomac, Maryland and files with the IRS under EIN 200230903. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Meil Family Foundation Inc have?
The Meil Family Foundation Inc 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 $302K in total revenue.
Is The Meil Family Foundation Inc a good charity?
Based on the provided financial data, The Meil Family Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a consistent commitment to zero executive compensation, ensuring funds are directed towards its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Assets have grown from $187,877 in 2011 to $370,946 in 2023, and revenue has generally increased, indicating sustainable growth and effective financial management.
What is the organization's approach to executive compensation?
The organization has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all filings. This indicates that leadership is either unpaid or compensated through other means not classified as officer compensation, allowing more funds to be allocated to programs.
Does the foundation have significant debt?
No, the foundation does not have significant debt. Its liabilities are consistently reported as $1 across most recent filings, indicating an extremely low-risk financial position.
Filing History
IRS 990 filing history for The Meil Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Meil Family Foundation Inc's revenue has grown by 827.1%, moving from $32K to $297K. Total assets increased by 97.4% over the same period, from $188K to $371K. Total functional expenses rose by 332.8%, from $39K to $170K. In its most recent filing year (2023), The Meil Family Foundation Inc reported a surplus of $127K, with revenue exceeding expenses. The organization holds $1 in liabilities against $371K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $371K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $297K | $170K | $371K | $1 | — | View 990 |
| 2022 | $209K | $103K | $329K | $1 | — | View 990 |
| 2021 | $218K | $162K | $313K | $1 | — | — |
| 2020 | $403K | $68K | $350K | $1 | — | — |
| 2019 | $106K | $57K | $196K | $0 | — | View 990 |
| 2015 | $51K | $46K | $136K | $0 | — | View 990 |
| 2014 | $4K | $45K | $131K | $0 | — | View 990 |
| 2013 | $49K | $48K | $171K | $0 | — | View 990 |
| 2012 | $28K | $46K | $170K | $0 | — | View 990 |
| 2011 | $32K | $39K | $188K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $297K, expenses of $170K, and assets of $371K (revenue +41.8% year-over-year).
- 2022: Revenue of $209K, expenses of $103K, and assets of $329K (revenue -4.0% year-over-year).
- 2021: Revenue of $218K, expenses of $162K, and assets of $313K (revenue -45.8% year-over-year).
- 2020: Revenue of $403K, expenses of $68K, and assets of $350K (revenue +279.1% year-over-year).
- 2019: Revenue of $106K, expenses of $57K, and assets of $196K (revenue +109.2% year-over-year).
- 2015: Revenue of $51K, expenses of $46K, and assets of $136K (revenue +1076.1% year-over-year).
- 2014: Revenue of $4K, expenses of $45K, and assets of $131K (revenue -91.3% year-over-year).
- 2013: Revenue of $49K, expenses of $48K, and assets of $171K (revenue +75.2% year-over-year).
- 2012: Revenue of $28K, expenses of $46K, and assets of $170K (revenue -11.9% year-over-year).
- 2011: Revenue of $32K, expenses of $39K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Meil Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Meil Family 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.