Is Bronx Veterans Medical Research Foundation Inc Legit?
Quick charity verification for Bronx Veterans Medical Research Foundation Inc (EIN: 133699250)
Verdict: Bronx Veterans Medical Research Foundation Inc appears trustworthy
85/100Mission Score
$4.7MRevenue
$6.0MAssets
2Red Flags
3Strengths
Red Flags
Expenses have exceeded revenue in the last two reported periods (2022 and 2023), which could be unsustainable long-term.
Significant fluctuation in annual revenue, from $8.2 million in 2021 to $4.8 million in 2023, suggests potential instability in funding sources.
Strengths
Consistent reporting of 0% officer compensation, indicating strong financial stewardship and dedication to mission.
Healthy asset-to-liability ratio, with assets of $7,091,358 significantly outweighing liabilities of $400,145 in 2023.
Long filing history (13 filings) demonstrates consistent operation and transparency over time.
Spending Breakdown
How Bronx Veterans Medical Research Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bronx Veterans Medical Research Foundation Inc
Is Bronx Veterans Medical Research Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bronx Veterans Medical Research Foundation Inc (EIN: 133699250) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Bronx Veterans Medical Research Foundation Inc a good charity to donate to?
Bronx Veterans Medical Research Foundation Inc has a Mission Score of 85/100. Revenue: $4.7M. Assets: $6.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bronx Veterans Medical Research Foundation Inc?
The Employer Identification Number (EIN) for Bronx Veterans Medical Research Foundation Inc is 133699250. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bronx Veterans Medical Research Foundation Inc spend its money?
Bronx Veterans Medical Research Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bronx Veterans Medical Research Foundation Inc's tax-exempt status?
You can verify Bronx Veterans Medical Research Foundation Inc's tax-exempt status using EIN 133699250 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Bronx Veterans Medical Research Foundation Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the organization's financial trends show a focus on research. The foundation has maintained a healthy asset base, with assets of $7,091,358 in 2023, significantly exceeding its liabilities of $400,145, indicating good financial stability. However, the organization has reported expenses exceeding revenue in recent years (e.g., $5,877,880 in expenses against $4,807,680 in revenue in 2023), which, if sustained, could impact long-term financial health. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and efficient use of funds, suggesting that leadership is not drawing a salary from the organization's resources.