Is Mid Atlantic Technology Research And Innovation Center Inc Legit?
Quick charity verification for Mid Atlantic Technology Research And Innovation Center Inc (EIN: 200208597)
Verdict: Mid Atlantic Technology Research And Innovation Center Inc shows mixed signals
65/100Mission Score
$230KRevenue
$3.3MAssets
5Red Flags
5Strengths
Red Flags
Significant negative revenue of $-1,141,612 in 2023, indicating major financial distress or accounting anomaly.
Drastic reduction in expenses to $4,992 in 2023, suggesting a near-complete cessation of operations.
Extreme volatility in annual revenue, ranging from over $16 million to negative figures, indicating an unstable funding model.
Unusually consistent 0% officer compensation reported across all filings for an organization with multi-million dollar operations, which may warrant further scrutiny.
Substantial decrease in assets from $8.1 million in 2022 to $3.1 million in 2023, raising questions about asset management and financial stability.
Strengths
Historically managed significant revenues, demonstrating capacity for large-scale operations.
Maintained substantial assets, with over $3 million remaining in 2023, providing a financial cushion.
Consistently reported 0% officer compensation, indicating a potential commitment to minimizing executive overhead.
Eliminated liabilities in 2023, reporting $0, a positive step in debt management.
Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Spending Breakdown
How Mid Atlantic Technology Research And Innovation Center 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 Mid Atlantic Technology Research And Innovation Center Inc
Is Mid Atlantic Technology Research And Innovation Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mid Atlantic Technology Research And Innovation Center Inc (EIN: 200208597) shows mixed signals. Mission Score: 65/100. 5 red flags identified, 5 strengths noted.
Is Mid Atlantic Technology Research And Innovation Center Inc a good charity to donate to?
Mid Atlantic Technology Research And Innovation Center Inc has a Mission Score of 65/100. Revenue: $230K. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mid Atlantic Technology Research And Innovation Center Inc?
The Employer Identification Number (EIN) for Mid Atlantic Technology Research And Innovation Center Inc is 200208597. 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 Mid Atlantic Technology Research And Innovation Center Inc spend its money?
Mid Atlantic Technology Research And Innovation Center Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mid Atlantic Technology Research And Innovation Center Inc's tax-exempt status?
You can verify Mid Atlantic Technology Research And Innovation Center Inc's tax-exempt status using EIN 200208597 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
Mid Atlantic Technology Research And Innovation Center Inc (MATRIC) exhibits a highly volatile financial history, making a consistent assessment challenging. The organization experienced significant revenue fluctuations, including a substantial negative revenue of $-1,141,612 in 2023, following robust revenues exceeding $13 million in prior years. This drastic shift raises concerns about the sustainability of its funding model or potential accounting adjustments. Despite these revenue swings, MATRIC has consistently maintained substantial assets, peaking at over $8 million in 2022, indicating a strong asset base relative to its recent operational scale. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, as it implies either no compensation or that it falls below reporting thresholds, which is unusual for an organization of its historical size.
Spending efficiency is difficult to gauge precisely without a detailed breakdown of program, administrative, and fundraising expenses. However, the organization's expenses have generally tracked closely with its revenues in years with positive income, suggesting that most incoming funds were utilized for operations. The significant drop in expenses to $4,992 in 2023, alongside negative revenue, points to a near-complete cessation of typical operations or a major restructuring. The organization's NTEE code (U05 - Technology and Science Research Institutes) suggests a focus on research and innovation, which can have varying cost structures. The lack of reported liabilities in 2023, down from millions in previous years, is a positive sign of debt reduction, but the overall financial picture for 2023 is highly anomalous and warrants further investigation to understand the underlying causes of the negative revenue and minimal expenses.