Is Hauptman Woodward Medical Research Institute Inc Legit?
Quick charity verification for Hauptman Woodward Medical Research Institute Inc (EIN: 160807558)
Verdict: Hauptman Woodward Medical Research Institute Inc appears trustworthy
75/100Mission Score
$11.0MRevenue
$27.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and warrants further investigation.
Operating deficits in recent years (e.g., 2023 and 2022), where expenses exceeded revenue, indicating a potential reliance on reserves or other funding sources.
Strengths
Strong and stable asset base, consistently above $22 million, indicating good long-term financial health.
Relatively low liabilities compared to assets, suggesting strong solvency (e.g., 2023 liabilities of $5,269,186 against assets of $26,875,141).
Consistent filing history (13 filings), demonstrating commitment to transparency and compliance.
Spending Breakdown
How Hauptman Woodward Medical Research Institute Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Hauptman Woodward Medical Research Institute Inc
Is Hauptman Woodward Medical Research Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hauptman Woodward Medical Research Institute Inc (EIN: 160807558) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Hauptman Woodward Medical Research Institute Inc a good charity to donate to?
Hauptman Woodward Medical Research Institute Inc has a Mission Score of 75/100. Revenue: $11.0M. Assets: $27.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hauptman Woodward Medical Research Institute Inc?
The Employer Identification Number (EIN) for Hauptman Woodward Medical Research Institute Inc is 160807558. 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 Hauptman Woodward Medical Research Institute Inc spend its money?
Hauptman Woodward Medical Research Institute Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hauptman Woodward Medical Research Institute Inc's tax-exempt status?
You can verify Hauptman Woodward Medical Research Institute Inc's tax-exempt status using EIN 160807558 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
Hauptman Woodward Medical Research Institute Inc demonstrates a generally stable financial position, with assets consistently in the $22M-$27M range over the past decade. Revenue and expenses have fluctuated, with recent periods (2022-2023) showing expenses slightly exceeding revenue, leading to minor operating deficits. For instance, in 2023, expenses were $9,386,732 against revenues of $8,691,259. However, the organization maintains a healthy asset base relative to its liabilities, indicating good long-term solvency. The consistent reporting of 0% officer compensation across all available filings suggests strong transparency regarding executive pay, or that compensation is reported under other categories, which would warrant further investigation for full clarity.
The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational deficits in recent years (e.g., 2023 and 2022) suggest that the organization is spending slightly more than it brings in, which could be a concern if it becomes a long-term trend without corresponding growth in assets or mission impact. The NTEE code H20Z (Medical Research) implies a focus on scientific advancement, and the financial stability, despite minor deficits, allows for continued pursuit of its mission.