Quick charity verification for Institute For Ethnomedicine Inc (EIN: 201829529)
Verdict: Institute For Ethnomedicine Inc appears trustworthy
90/100Mission Score
$5.6MRevenue
$3.3MAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in recent years (2022 and 2023), potentially drawing down reserves if not reversed.
Strengths
Consistent reporting of 0% officer compensation, indicating strong dedication to mission over executive pay.
Strong program focus, with a high estimated percentage of spending directed to programs.
Healthy asset-to-liability ratio, demonstrating financial stability (e.g., $3.49M assets vs. $0.54M liabilities in 2023).
Long history of IRS 990 filings, indicating good transparency and compliance.
Significant growth in assets over the past decade, from $938,885 in 2015 to $3,492,810 in 2023.
Spending Breakdown
How Institute For Ethnomedicine Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Institute For Ethnomedicine Inc
Is Institute For Ethnomedicine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute For Ethnomedicine Inc (EIN: 201829529) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Institute For Ethnomedicine Inc a good charity to donate to?
Institute For Ethnomedicine Inc has a Mission Score of 90/100. Revenue: $5.6M. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Institute For Ethnomedicine Inc?
The Employer Identification Number (EIN) for Institute For Ethnomedicine Inc is 201829529. 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 Institute For Ethnomedicine Inc spend its money?
Institute For Ethnomedicine Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Institute For Ethnomedicine Inc's tax-exempt status?
You can verify Institute For Ethnomedicine Inc's tax-exempt status using EIN 201829529 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 Institute For Ethnomedicine Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. Over the past few years, the organization has generally maintained a healthy financial position, with assets consistently exceeding liabilities. For instance, in 2023, assets were $3,492,810 against liabilities of $538,100, indicating good financial stability. However, the organization has experienced periods where expenses exceeded revenue, such as in 2023 ($2,737,104 expenses vs. $2,039,547 revenue) and 2022 ($2,811,010 expenses vs. $1,894,431 revenue), which could lead to reliance on reserves or future funding. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on directing funds towards programmatic activities rather than executive salaries, which is a strong positive indicator for donors.
The organization's spending efficiency appears to be strong, with a significant portion of its expenditures dedicated to program services. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the absence of officer compensation implies that overhead related to executive salaries is minimal. The fluctuations in revenue and expenses suggest a dynamic funding environment, but the overall asset growth over the long term (from $938,885 in 2015 to $3,492,810 in 2023) indicates effective financial management and an ability to build reserves. The consistent filing of IRS 990s over many years also points to good governance and transparency practices.