Quick charity verification for New Orleans Bioinnovation Center Inc (EIN: 200078125)
Verdict: New Orleans Bioinnovation Center Inc shows mixed signals
65/100Mission Score
$2.6MRevenue
$34.5MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits: Expenses have exceeded revenue in every reported year from 2014 to 2023.
Declining asset base: Total assets have decreased from $47,488,986 in 2014 to $35,981,638 in 2023, indicating a draw-down on reserves.
Unexplained 0% officer compensation: Reporting no officer compensation for an organization with multi-million dollar expenses is highly unusual and may obscure executive remuneration practices.
Strengths
Substantial asset base: Despite declines, the organization still holds over $35 million in assets, providing a significant financial cushion.
Consistent filing history: A long history of 13 IRS 990 filings demonstrates a commitment to transparency and regulatory compliance.
Low liabilities relative to assets: Liabilities remain relatively low compared to total assets, indicating a healthy balance sheet in terms of debt.
Spending Breakdown
How New Orleans Bioinnovation Center Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 New Orleans Bioinnovation Center Inc
Is New Orleans Bioinnovation Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Orleans Bioinnovation Center Inc (EIN: 200078125) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is New Orleans Bioinnovation Center Inc a good charity to donate to?
New Orleans Bioinnovation Center Inc has a Mission Score of 65/100. Revenue: $2.6M. Assets: $34.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Orleans Bioinnovation Center Inc?
The Employer Identification Number (EIN) for New Orleans Bioinnovation Center Inc is 200078125. 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 New Orleans Bioinnovation Center Inc spend its money?
New Orleans Bioinnovation Center Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Orleans Bioinnovation Center Inc's tax-exempt status?
You can verify New Orleans Bioinnovation Center Inc's tax-exempt status using EIN 200078125 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 New Orleans Bioinnovation Center Inc. demonstrates consistent financial transparency through its regular IRS 990 filings. The organization has experienced a trend of expenses exceeding revenue in recent years, with 202306 showing expenses of $3,441,279 against revenue of $2,777,460. This operational deficit has contributed to a gradual decline in total assets from $47,488,986 in 2014 to $35,981,638 in 2023. While the organization maintains substantial assets, the sustained deficit spending warrants attention regarding long-term financial sustainability.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent operational deficits suggest that the current revenue streams are not sufficient to cover the organization's expenditures. The absence of reported officer compensation across all filings indicates a potential for high efficiency in this area or that compensation is structured differently, which would require further investigation.
Overall, the organization appears transparent in its reporting, but its financial health shows signs of strain due to persistent deficits. While assets remain strong, the trend of declining assets and consistent overspending on an annual basis suggests a need for strategic financial planning to align expenses with revenue or to secure additional funding sources to ensure the long-term viability of its mission.