The Meyers Foundation
The Meyers Foundation faces severe financial challenges with consistent deficit spending and declining assets.
EIN: 208068901 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $19K |
| Program Spending | 70% |
| Net Assets | $49K |
| Transparency Score | 30/100 |
Is The Meyers Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Meyers Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Meyers Foundation
The Meyers Foundation (EIN: 208068901) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $5K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Meyers Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Meyers Foundation is a micro nonprofit that has been operating for 18 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -80.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $57 |
| Total Expenses | $19K |
| Surplus / Deficit | $-19,153 |
| Total Assets | $49K |
| Total Liabilities | $1 |
| Net Assets | $49K |
| Operating Margin | -33601.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 30.6 months |
Financial Health Grade: B
In 2015, The Meyers Foundation reported a deficit of $19K with expenses exceeding revenue, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), The Meyers Foundation's revenue has declined at a compound annual growth rate (CAGR) of -80.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -40.0% | +109.4% | -28.1% |
| 2014 | -39.5% | +2.8% | -11.8% |
| 2013 | -34.9% | -41.3% | -10.2% |
| 2012 | -99.4% | -50.3% | -14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Meyers Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Meyers Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries were paid to officers, which is positive for a small organization.
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 Meyers Foundation's IRS 990 filings:
- Consistent and significant deficit spending (expenses far exceeding revenue) in all reported periods.
- Rapid decline in assets from $100,932 in 2011 to $48,974 in 2015, indicating an unsustainable financial model.
- Extremely low reported revenue in recent years (e.g., $57 in 2015, $95 in 2014) relative to expenses.
Strengths
The following positive indicators were identified for The Meyers Foundation:
- No officer compensation reported, indicating efficient use of funds regarding executive pay.
Frequently Asked Questions about The Meyers Foundation
Is The Meyers Foundation a legitimate charity?
The Meyers Foundation (EIN: 208068901) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 30/100. It has 5 years of IRS 990 filings on record. Total revenue: $5K. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does The Meyers Foundation spend its money?
The Meyers Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Meyers Foundation tax-deductible?
The Meyers Foundation is registered as a tax-exempt nonprofit (EIN: 208068901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Meyers Foundation's spending goes to programs?
The Meyers Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Meyers Foundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), The Meyers Foundation is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Meyers Foundation located?
The Meyers Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208068901. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Meyers Foundation have?
The Meyers Foundation has 5 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 $5K in total revenue.
Is The Meyers Foundation financially sustainable?
Based on the provided data, the foundation is not financially sustainable. Its expenses have consistently far outstripped its revenue, leading to a significant depletion of assets from $100,932 in 2011 to $48,974 in 2015.
What is the primary source of the foundation's funding?
The filings show very low revenue figures (e.g., $57 in 2015, $95 in 2014), suggesting that the foundation is primarily funding its operations by drawing down its existing asset base rather than through new donations or investment income.
Why are the assets declining so rapidly?
Assets are declining because the foundation's expenses consistently exceed its revenue. For example, in 2015, expenses were $19,210 while revenue was only $57, requiring the foundation to use its existing assets to cover the difference.
Filing History
IRS 990 filing history for The Meyers Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), The Meyers Foundation's revenue has declined by 99.9%, moving from $40K to $57. Total assets decreased by 51.5% over the same period, from $101K to $49K. Total functional expenses fell by 37.2%, from $31K to $19K. In its most recent filing year (2015), The Meyers Foundation reported a deficit of $19K, with expenses exceeding revenue. The organization holds $1 in liabilities against $49K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $49K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $57 | $19K | $49K | $1 | — | View 990 |
| 2014 | $95 | $9K | $68K | $1 | — | View 990 |
| 2013 | $157 | $9K | $77K | $1 | — | View 990 |
| 2012 | $241 | $15K | $86K | $1 | — | View 990 |
| 2011 | $40K | $31K | $101K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $57, expenses of $19K, and assets of $49K (revenue -40.0% year-over-year).
- 2014: Revenue of $95, expenses of $9K, and assets of $68K (revenue -39.5% year-over-year).
- 2013: Revenue of $157, expenses of $9K, and assets of $77K (revenue -34.9% year-over-year).
- 2012: Revenue of $241, expenses of $15K, and assets of $86K (revenue -99.4% year-over-year).
- 2011: Revenue of $40K, expenses of $31K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Meyers Foundation:
Data Sources and Methodology
This transparency report for The Meyers 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.