Is Narrows Institute Of Biomedical Research Inc Legit?
Quick charity verification for Narrows Institute Of Biomedical Research Inc (EIN: 113059470)
Verdict: Narrows Institute Of Biomedical Research Inc appears trustworthy
85/100Mission Score
$4.0MRevenue
$1.4MAssets
2Red Flags
4Strengths
Red Flags
NTEE Code Unknown: Lack of a specified NTEE code makes it difficult to benchmark against similar organizations and understand its specific programmatic focus.
Unusually Low Officer Compensation: Consistent 0% officer compensation for an organization with nearly $4 million in revenue is highly unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
Strong Program Focus: Consistent 0% officer compensation across all filings suggests a high dedication of resources to the organization's mission.
Consistent Revenue Growth: Revenue has grown significantly from $894,296 in 201609 to $3,794,366 in 202309, indicating successful fundraising and operational expansion.
Healthy Asset-to-Liability Ratio: With assets of $2,281,786 and liabilities of $1,297,965 in 202309, the organization maintains a solid financial foundation.
Financial Stability: Expenses are generally well-managed relative to revenue, with a slight surplus in the latest filing ($3,794,366 revenue vs. $3,719,202 expenses in 202309).
Spending Breakdown
How Narrows Institute Of Biomedical Research Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Narrows Institute Of Biomedical Research Inc
Is Narrows Institute Of Biomedical Research Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Narrows Institute Of Biomedical Research Inc (EIN: 113059470) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Narrows Institute Of Biomedical Research Inc a good charity to donate to?
Narrows Institute Of Biomedical Research Inc has a Mission Score of 85/100. Revenue: $4.0M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Narrows Institute Of Biomedical Research Inc?
The Employer Identification Number (EIN) for Narrows Institute Of Biomedical Research Inc is 113059470. 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 Narrows Institute Of Biomedical Research Inc spend its money?
Narrows Institute Of Biomedical Research Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Narrows Institute Of Biomedical Research Inc's tax-exempt status?
You can verify Narrows Institute Of Biomedical Research Inc's tax-exempt status using EIN 113059470 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
Narrows Institute Of Biomedical Research Inc demonstrates a generally stable financial position with consistent revenue generation over the past decade. In the latest filing (202309), the organization reported revenues of $3,794,366 against expenses of $3,719,202, indicating a slight surplus. While assets have fluctuated, they remain substantial at $2,281,786 in 202309, covering liabilities of $1,297,965. The organization's financial health appears sound, with a history of managing expenses close to revenue levels.
The spending efficiency is commendable, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting that resources are directed towards the mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is limited. The consistent growth in revenue from $894,296 in 201609 to $3,794,366 in 202309 indicates effective fundraising or grant acquisition.
Transparency is high regarding executive compensation, as the 0% officer compensation is clearly stated. However, the lack of NTEE code and detailed expense breakdowns in the provided data limits a full transparency assessment. Further details on program activities and specific expense allocations would enhance understanding of how funds are utilized to achieve their biomedical research mission.