Tom G Margittai Foundation
Tom G Margittai Foundation faces consistent operational deficits and declining assets.
EIN: 133395956 · Santa Fe, NM · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $69 |
| Total Expenses | $882 |
| Net Assets | $33K |
| Transparency Score | 20/100 |
Is Tom G Margittai Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tom G Margittai Foundation
Tom G Margittai Foundation (EIN: 133395956) is a nonprofit organization based in Santa Fe, NM. The organization reported total revenue of $69 and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tom G Margittai Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tom G Margittai Foundation is a micro nonprofit that has been operating for 39 years, with 6 years of IRS 990 filings on record (2011–2019).
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $69 |
| Total Expenses | $882 |
| Surplus / Deficit | $-813 |
| Total Assets | $33K |
| Total Liabilities | $1 |
| Net Assets | $33K |
| Operating Margin | -1178.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 453.4 months |
Financial Health Grade: B
In 2019, Tom G Margittai Foundation reported a deficit of $813 with expenses exceeding revenue, holds 453.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -92300.0% | +8.6% | -32.8% |
| 2013 | -87.5% | -3.7% | -21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Tom G Margittai Foundation with a Mission Score of 20 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Tom G Margittai Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $813, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating no salaries or other compensation paid to officers, which is appropriate given the organization's minimal financial activity and declining asset base.
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 Tom G Margittai Foundation's IRS 990 filings:
- Consistent negative or near-zero revenue across multiple years.
- Expenses consistently exceed revenue, leading to operational deficits.
- Significant decline in assets over time, from $64,525 in 2011 to $33,325 in 2019.
- Lack of clear program spending or impact in the provided financial data.
Strengths
The following positive indicators were identified for Tom G Margittai Foundation:
- Reports 0% officer compensation, indicating no executive pay.
- Consistent filing of IRS Form 990s, demonstrating basic compliance.
Frequently Asked Questions about Tom G Margittai Foundation
Is Tom G Margittai Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tom G Margittai Foundation (EIN: 133395956) significant concerns. Mission Score: 20/100. 4 red flags identified, 2 strengths noted.
How does Tom G Margittai Foundation spend its money?
Detailed spending breakdown data is not yet available for Tom G Margittai Foundation. Check back for updated IRS 990 analysis.
Are donations to Tom G Margittai Foundation tax-deductible?
Tom G Margittai Foundation is registered as a tax-exempt nonprofit (EIN: 133395956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tom G Margittai Foundation located?
Tom G Margittai Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 133395956.
How many years of IRS 990 filings does Tom G Margittai Foundation have?
Tom G Margittai Foundation has 6 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 $69 in total revenue.
What are the specific programs or grants the Tom G Margittai Foundation supports?
The provided data does not detail specific programs or grants. With expenses consistently exceeding revenue and declining assets, it's unclear what programmatic activities, if any, are being funded.
How does the foundation plan to address its consistent revenue shortfalls and declining assets?
The filings consistently show negative or negligible revenue and expenses exceeding revenue, leading to a steady decline in assets. The data does not provide insight into strategies for financial sustainability.
Is the Tom G Margittai Foundation still actively operating?
While the foundation has filed its 990s, the extremely low revenue ($69 in 2019) and declining assets suggest very limited, if any, active operations or grant-making capacity.
Filing History
IRS 990 filing history for Tom G Margittai Foundation showing financial trends over 6 years of public records:
Total assets decreased by 48.4% over the same period, from $65K to $33K. Total functional expenses fell by 93.5%, from $13K to $882. In its most recent filing year (2019), Tom G Margittai Foundation reported a deficit of $813, with expenses exceeding revenue. The organization holds $1 in liabilities against $33K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $33K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $69 | $882 | $33K | $1 | — | — |
| 2015 | $-1,245 | $8K | $18K | $1 | — | View 990 |
| 2014 | $-922 | $13K | $28K | $0 | — | View 990 |
| 2013 | $1 | $12K | $41K | $0 | — | View 990 |
| 2012 | $8 | $12K | $53K | $0 | — | View 990 |
| 2011 | $-6,792 | $13K | $65K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $69, expenses of $882, and assets of $33K.
- 2015: Revenue of $-1,245, expenses of $8K, and assets of $18K.
- 2014: Revenue of $-922, expenses of $13K, and assets of $28K (revenue -92300.0% year-over-year).
- 2013: Revenue of $1, expenses of $12K, and assets of $41K (revenue -87.5% year-over-year).
- 2012: Revenue of $8, expenses of $12K, and assets of $53K.
- 2011: Revenue of $-6,792, expenses of $13K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tom G Margittai Foundation:
Data Sources and Methodology
This transparency report for Tom G Margittai 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.