The Meneo Family Foundation Inc
Small Family Foundation with Inconsistent Funding and Minimal Overhead
EIN: 222717123 · Charlestown, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $1K |
| Program Spending | 80% |
| Net Assets | $27K |
| Transparency Score | 65/100 |
Is The Meneo 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 Meneo Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Meneo Family Foundation Inc
The Meneo Family Foundation Inc (EIN: 222717123) is a nonprofit organization based in Charlestown, RI. The organization reported total revenue of $7K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Meneo Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Meneo Family Foundation Inc is a micro nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 75.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $1K |
| Surplus / Deficit | +$4K |
| Total Assets | $27K |
| Total Liabilities | $1 |
| Net Assets | $27K |
| Operating Margin | 75.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 262.0 months |
Financial Health Grade: A
In 2023, The Meneo Family Foundation Inc reported a surplus of $4K with revenue exceeding expenses, holds 262.0 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 Meneo Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 75.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +250000.0% | -43.2% | +15.9% |
| 2022 | -100.0% | +83.3% | -8.5% |
| 2021 | +0.0% | -52.0% | +52.0% |
| 2020 | +1000000.0% | +900.0% | +79.5% |
| 2019 | -50.0% | -72.5% | -14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Meneo Family Foundation Inc with a Mission Score of 65 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, The Meneo Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not detailed in the provided data, making it impossible to assess specific amounts or reasonableness.
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 Meneo Family Foundation Inc's IRS 990 filings:
- Highly inconsistent revenue, ranging from $1 in 2019 to $10,005 in 2021, making long-term planning and impact difficult.
- Lack of clear program descriptions or impact reports beyond basic financial figures.
- No explicit mention of executive compensation in the provided financial summaries, which could be a red flag for transparency if significant compensation exists.
Strengths
The following positive indicators were identified for The Meneo Family Foundation Inc:
- Consistently low administrative and fundraising expenses based on the provided 'x' (expenses) figures relative to 'r' (revenue) and 'a' (assets).
- Maintains a positive asset balance, indicating some financial stability despite revenue fluctuations.
- The foundation has been active for over a decade, showing longevity.
Frequently Asked Questions about The Meneo Family Foundation Inc
Is The Meneo Family Foundation Inc a legitimate charity?
The Meneo Family Foundation Inc (EIN: 222717123) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $7K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Meneo Family Foundation Inc spend its money?
The Meneo Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Meneo Family Foundation Inc tax-deductible?
The Meneo Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222717123). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Meneo Family Foundation Inc's spending goes to programs?
The Meneo Family Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Meneo Family Foundation Inc located?
The Meneo Family Foundation Inc is headquartered in Charlestown, Rhode Island and files with the IRS under EIN 222717123.
How many years of IRS 990 filings does The Meneo Family Foundation Inc have?
The Meneo 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 $7K in total revenue.
What does The Meneo Family Foundation Inc do?
The Meneo Family Foundation Inc is a nonprofit organization in the Unknown sector, located in Charlestown, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does The Meneo Family Foundation Inc have?
The Meneo Family Foundation Inc reported total revenue of $6,847. Based on 10 IRS 990 filings on record.
What are The Meneo Family Foundation Inc's total assets?
The Meneo Family Foundation Inc holds total assets of $80,723 as reported in IRS 990 filings.
Where is The Meneo Family Foundation Inc located?
The Meneo Family Foundation Inc is based in Charlestown, Rhode Island.
What is The Meneo Family Foundation Inc's EIN?
The Meneo Family Foundation Inc's Employer Identification Number (EIN) is 222717123. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Meneo Family Foundation Inc?
The Meneo Family Foundation Inc is classified under NTEE code Unknown (Unknown).
Is The Meneo Family Foundation Inc a registered 501(c)(3)?
The Meneo Family Foundation Inc appears in IRS records (EIN: 222717123). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Meneo Family Foundation Inc file IRS Form 990?
Yes, The Meneo Family Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Meneo Family Foundation Inc's revenue in 2023?
In the 202312 filing period, The Meneo Family Foundation Inc reported total revenue of $5,002, total expenses of $1,250, and net assets of $27,293.
Is The Meneo Family Foundation Inc's revenue growing or declining?
The Meneo Family Foundation Inc's revenue is growing. Revenue went from $2 (202212) to $5,002 (202312), a +250000.0% change. Based on 10 filings on record.
What is The Meneo Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Meneo Family Foundation Inc covers tax period 202312. It shows revenue of $5,002, expenses of $1,250, total assets of $27,293, and liabilities of $1.
How much does The Meneo Family Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, The Meneo Family Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Meneo Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Meneo Family Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for The Meneo Family Foundation Inc?
The following concerns were identified: Highly inconsistent revenue, ranging from $1 in 2019 to $10,005 in 2021, making long-term planning and impact difficult.. Lack of clear program descriptions or impact reports beyond basic financial figures.. No explicit mention of executive compensation in the provided financial summaries, which could be a red flag for transparency if significant compensation exists.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Meneo Family Foundation Inc's strengths?
Positive indicators for The Meneo Family Foundation Inc include: Consistently low administrative and fundraising expenses based on the provided 'x' (expenses) figures relative to 'r' (revenue) and 'a' (assets).. Maintains a positive asset balance, indicating some financial stability despite revenue fluctuations.. The foundation has been active for over a decade, showing longevity.. These findings are derived from AI analysis of the organization's financial filings.
How does The Meneo Family Foundation Inc compensate executives?
Executive compensation is not detailed in the provided data, making it impossible to assess specific amounts or reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the highly variable revenue, how does The Meneo Family Foundation Inc. ensure consistent program delivery or impact?
The data suggests that the foundation's expenses ('x') are generally low relative to its assets ('a'), which might allow it to maintain some level of activity even in years with minimal revenue. However, without program details, it's hard to ascertain the nature or consistency of its impact.
What is the nature of the 'expenses' ('x') given the lack of detailed program information, and how much of this is directly programmatic?
Without a detailed breakdown of expenses, it's difficult to determine the exact allocation. However, given the small scale and 'c0%' (likely indicating 0% compensation), it's plausible a significant portion of the expenses are direct program costs or grants, but this is an assumption.
Filing History
IRS 990 filing history for The Meneo Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Meneo Family Foundation Inc's revenue has grown by 83266.7%, moving from $6 to $5K. Total assets increased by 174.1% over the same period, from $10K to $27K. Total functional expenses fell by 28.6%, from $2K to $1K. In its most recent filing year (2023), The Meneo Family Foundation Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $27K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $27K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $1K | $27K | $1 | — | — |
| 2022 | $2 | $2K | $24K | $1 | — | View 990 |
| 2021 | $10K | $1K | $26K | $1 | — | View 990 |
| 2020 | $10K | $3K | $17K | $1 | — | — |
| 2019 | $1 | $250 | $9K | $0 | — | View 990 |
| 2015 | $2 | $910 | $11K | $0 | — | View 990 |
| 2014 | $3 | $100 | $12K | $0 | — | View 990 |
| 2013 | $4 | $500 | $8K | $0 | — | View 990 |
| 2012 | $5 | $1K | $9K | $0 | — | View 990 |
| 2011 | $6 | $2K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $1K, and assets of $27K (revenue +250000.0% year-over-year).
- 2022: Revenue of $2, expenses of $2K, and assets of $24K (revenue -100.0% year-over-year).
- 2021: Revenue of $10K, expenses of $1K, and assets of $26K (revenue +0.0% year-over-year).
- 2020: Revenue of $10K, expenses of $3K, and assets of $17K (revenue +1000000.0% year-over-year).
- 2019: Revenue of $1, expenses of $250, and assets of $9K (revenue -50.0% year-over-year).
- 2015: Revenue of $2, expenses of $910, and assets of $11K (revenue -33.3% year-over-year).
- 2014: Revenue of $3, expenses of $100, and assets of $12K (revenue -25.0% year-over-year).
- 2013: Revenue of $4, expenses of $500, and assets of $8K (revenue -20.0% year-over-year).
- 2012: Revenue of $5, expenses of $1K, and assets of $9K (revenue -16.7% year-over-year).
- 2011: Revenue of $6, expenses of $2K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Meneo Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Meneo 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.