Is Medical Care Development Incorporated Legit?

Quick charity verification for Medical Care Development Incorporated (EIN: 16022787)

Verdict: Medical Care Development Incorporated appears trustworthy

85/100Mission Score

$33.1MRevenue

$12.2MAssets

1Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and may indicate compensation is reported in other categories or that executive leadership is entirely volunteer, requiring further clarification for full transparency.

Strengths

Consistent 990 filing history, indicating good transparency and compliance.
Stable financial operations with revenues generally covering expenses over the long term.
Relatively low liabilities compared to assets, suggesting financial stability.
Strong potential for program spending efficiency, given the reported 0% officer compensation.

Spending Breakdown

How Medical Care Development Incorporated allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Medical Care Development Incorporated

Is Medical Care Development Incorporated a legitimate charity?

Based on AI analysis of IRS 990 filings, Medical Care Development Incorporated (EIN: 16022787) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Medical Care Development Incorporated a good charity to donate to?

Medical Care Development Incorporated has a Mission Score of 85/100. Revenue: $33.1M. Assets: $12.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Medical Care Development Incorporated?

The Employer Identification Number (EIN) for Medical Care Development Incorporated is 16022787. 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 Medical Care Development Incorporated spend its money?

Medical Care Development Incorporated allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Medical Care Development Incorporated's tax-exempt status?

You can verify Medical Care Development Incorporated's tax-exempt status using EIN 16022787 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

Medical Care Development Incorporated demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For the 2023 fiscal year, the organization reported revenues of $37,224,819 against expenses of $38,658,632, indicating a slight operating deficit. This trend of expenses closely matching or slightly exceeding revenue is common for non-profits focused on program delivery, as seen in prior years like 2022 ($33,032,611 revenue vs. $34,143,579 expenses) and 2021 ($32,391,306 revenue vs. $32,864,631 expenses). The organization's assets have fluctuated, peaking around $21 million in 2015-2016 and settling around $12-15 million in recent years, with liabilities also showing a proportional trend. This suggests a stable, albeit not rapidly growing, financial base.

The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is unusual and warrants further investigation for complete transparency. However, assuming this reflects a true lack of direct officer salary, it points to a highly efficient use of funds at the top level. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated, but the overall financial picture suggests a focus on mission delivery given the tight margins.

Transparency is generally good through its consistent 990 filings. The absence of reported officer compensation is a notable point for further inquiry to fully understand the compensation structure. The consistent filing history and relatively stable financial performance suggest a well-managed organization, though the slight operating deficits in recent years (e.g., 2023, 2022, 2021) indicate that the organization is spending nearly all its income on its operations, which can be a sign of effective resource utilization but also leaves little room for building reserves.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.