The Midvale Foundation
The Midvale Foundation shows consistent asset growth and minimal liabilities with no reported officer compensation.
EIN: 208678873 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $329K |
| Program Spending | 85% |
| Net Assets | $5.3M |
| Transparency Score | 88/100 |
Is The Midvale Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Midvale Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Midvale Foundation
The Midvale Foundation (EIN: 208678873) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $2.9M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Midvale Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Midvale Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $751K |
| Total Expenses | $329K |
| Surplus / Deficit | +$421K |
| Total Assets | $5.3M |
| Total Liabilities | $1 |
| Net Assets | $5.3M |
| Operating Margin | 56.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.1 months |
Financial Health Grade: A
In 2023, The Midvale Foundation reported a surplus of $421K with revenue exceeding expenses, holds 193.1 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 Midvale Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.0% | -7.9% | +8.7% |
| 2022 | -41.4% | +20.4% | +0.8% |
| 2021 | -6.5% | +1.0% | +8.5% |
| 2020 | +237.3% | +5.6% | +10.7% |
| 2019 | -12.5% | +9.2% | +1.8% |
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 Midvale Foundation with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Midvale Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $421K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Midvale Foundation consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that compensation is covered by other means not reported as officer pay, which contributes to lower overhead.
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 Midvale Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided summary data
- Significant fluctuations in annual revenue without clear explanation
Strengths
The following positive indicators were identified for The Midvale Foundation:
- Consistent asset growth from $3.5M to $5.6M over 12 years
- Extremely low liabilities, often $1, indicating strong financial stability
- No reported officer compensation, suggesting efficient use of funds for mission
- Consistent IRS 990 filing history (10 filings) demonstrating transparency and compliance
- Expenses consistently well below revenue in most recent periods (e.g., 2023 expenses $329,433 vs. revenue $750,703)
Frequently Asked Questions about The Midvale Foundation
Is The Midvale Foundation a legitimate charity?
The Midvale Foundation (EIN: 208678873) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 88/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Midvale Foundation spend its money?
The Midvale Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Midvale Foundation tax-deductible?
The Midvale Foundation is registered as a tax-exempt nonprofit (EIN: 208678873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Midvale Foundation's spending goes to programs?
The Midvale Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Midvale Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Midvale Foundation 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 Midvale Foundation located?
The Midvale Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208678873. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Midvale Foundation have?
The Midvale 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 $2.9M in total revenue.
What are the specific program activities funded by The Midvale Foundation?
The provided data does not detail specific program activities, only financial aggregates. Further investigation into their public filings or website would be needed to understand their programs.
How does The Midvale Foundation manage to operate with $0 officer compensation?
The consistent reporting of $0 officer compensation suggests that executive leadership may be entirely volunteer-based, or that any compensation is structured in a way that it is not reported under 'officer compensation' on the 990 form, such as through a related entity or as general staff salary if they are not considered 'officers'.
What is the source of the significant revenue fluctuation, such as $72,943 in 2011 versus $2,923,272 currently?
Revenue has shown significant variability over the years, from a low of $72,943 in 2011 to a high of $2,923,272 currently. This could be due to large one-time grants, investment gains, or a significant expansion of fundraising efforts. A detailed look at their revenue sources in the 990 forms would clarify this.
Filing History
IRS 990 filing history for The Midvale Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Midvale Foundation's revenue has grown by 929.2%, moving from $73K to $751K. Total assets increased by 50.9% over the same period, from $3.5M to $5.3M. Total functional expenses rose by 48.9%, from $221K to $329K. In its most recent filing year (2023), The Midvale Foundation reported a surplus of $421K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $751K | $329K | $5.3M | $1 | — | View 990 |
| 2022 | $397K | $358K | $4.9M | $1 | — | View 990 |
| 2021 | $678K | $297K | $4.8M | $1 | — | — |
| 2020 | $725K | $294K | $4.5M | $1 | — | — |
| 2019 | $215K | $279K | $4.0M | $1 | — | View 990 |
| 2015 | $246K | $255K | $4.0M | $0 | — | View 990 |
| 2014 | $584K | $241K | $4.0M | $1 | — | View 990 |
| 2013 | $339K | $223K | $3.6M | $1 | — | View 990 |
| 2012 | $217K | $226K | $3.5M | $1 | — | View 990 |
| 2011 | $73K | $221K | $3.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $751K, expenses of $329K, and assets of $5.3M (revenue +89.0% year-over-year).
- 2022: Revenue of $397K, expenses of $358K, and assets of $4.9M (revenue -41.4% year-over-year).
- 2021: Revenue of $678K, expenses of $297K, and assets of $4.8M (revenue -6.5% year-over-year).
- 2020: Revenue of $725K, expenses of $294K, and assets of $4.5M (revenue +237.3% year-over-year).
- 2019: Revenue of $215K, expenses of $279K, and assets of $4.0M (revenue -12.5% year-over-year).
- 2015: Revenue of $246K, expenses of $255K, and assets of $4.0M (revenue -57.9% year-over-year).
- 2014: Revenue of $584K, expenses of $241K, and assets of $4.0M (revenue +72.1% year-over-year).
- 2013: Revenue of $339K, expenses of $223K, and assets of $3.6M (revenue +56.3% year-over-year).
- 2012: Revenue of $217K, expenses of $226K, and assets of $3.5M (revenue +197.4% year-over-year).
- 2011: Revenue of $73K, expenses of $221K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Midvale Foundation:
Data Sources and Methodology
This transparency report for The Midvale 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.