Quick charity verification for Exeter Med Real Inc (EIN: 20418718)
Verdict: Exeter Med Real Inc shows mixed signals
55/100Mission Score
$7.8MRevenue
$43.0MAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits, with expenses exceeding revenue in all reported periods (e.g., $1.2M deficit in 2023).
Declining assets over recent years, from $49.2M in 2020 to $43.7M in 2023, suggesting reliance on reserves.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes efficiency assessment difficult.
Strengths
Reported 0% officer compensation across all filings, indicating potential fiscal restraint at the executive level.
Significant asset base of over $42 million, providing a buffer despite consistent deficits.
Spending Breakdown
How Exeter Med Real Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Exeter Med Real Inc
Is Exeter Med Real Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Exeter Med Real Inc (EIN: 20418718) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Exeter Med Real Inc a good charity to donate to?
Exeter Med Real Inc has a Mission Score of 55/100. Revenue: $7.8M. Assets: $43.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Exeter Med Real Inc?
The Employer Identification Number (EIN) for Exeter Med Real Inc is 20418718. 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 Exeter Med Real Inc spend its money?
Exeter Med Real Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Exeter Med Real Inc's tax-exempt status?
You can verify Exeter Med Real Inc's tax-exempt status using EIN 20418718 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
Exeter Med Real Inc, despite its significant assets of over $42 million, consistently operates at a deficit, with expenses exceeding revenue in every reported period. For instance, in 2023, expenses were $8,529,701 against revenues of $7,253,698, indicating a shortfall of over $1.2 million. This trend of spending more than it earns raises concerns about long-term financial sustainability, especially given the consistent decline in assets from a peak of $49,284,002 in 2020 to $43,744,457 in 2023.
The organization's transparency is commendable regarding executive compensation, reporting 0% officer compensation across all filings. This suggests that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which warrants further investigation to fully understand the compensation structure. However, without a breakdown of program, administrative, and fundraising expenses, it's challenging to assess spending efficiency accurately.
The consistent operating deficits, coupled with declining assets, suggest that Exeter Med Real Inc may be drawing down its reserves to cover operational costs. While the absence of officer compensation is a positive indicator of fiscal restraint at the top, the overall financial health appears strained due to persistent negative net income. A detailed analysis of expense categories is crucial to determine if the spending is primarily directed towards its mission or if administrative or other costs are disproportionately high.