Quick charity verification for Nova Institute For Health Inc (EIN: 201799284)
Verdict: Nova Institute For Health Inc shows mixed signals
55/100Mission Score
$5.4MRevenue
$11.6MAssets
4Red Flags
2Strengths
Red Flags
Consistent operational deficits (e.g., 2023 expenses $2,865,971 vs. revenue $2,454,564)
Significant decline in assets over recent years (from $19,590,448 in 2018 to $12,063,417 in 2023)
Unexplained 0% officer compensation for an organization of this size
Revenue volatility (e.g., $5,554,305 in 2018 vs. $906,218 in 2022)
Strengths
Maintains substantial assets ($12,063,417 in 2023) despite deficits
Low reported liabilities relative to assets (e.g., $741,141 liabilities vs. $12,063,417 assets in 2023)
Spending Breakdown
How Nova Institute For Health 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 Nova Institute For Health Inc
Is Nova Institute For Health Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nova Institute For Health Inc (EIN: 201799284) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Nova Institute For Health Inc a good charity to donate to?
Nova Institute For Health Inc has a Mission Score of 55/100. Revenue: $5.4M. Assets: $11.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nova Institute For Health Inc?
The Employer Identification Number (EIN) for Nova Institute For Health Inc is 201799284. 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 Nova Institute For Health Inc spend its money?
Nova Institute For Health Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nova Institute For Health Inc's tax-exempt status?
You can verify Nova Institute For Health Inc's tax-exempt status using EIN 201799284 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
Nova Institute For Health Inc has demonstrated a concerning trend of operating at a significant deficit for several years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $2,865,971 against revenues of $2,454,564, and this pattern is visible in most recent filings. While the organization maintains substantial assets, reported at $12,063,417 in 2023, these assets have been steadily declining from a high of $19,590,448 in 2018, suggesting that the deficits are being covered by drawing down reserves. The consistent lack of reported officer compensation across all filings indicates a potential for strong financial stewardship in that area, or that executive compensation is structured differently and not reported under 'Officer Comp'.
The organization's financial health appears to be under stress due to its persistent operational deficits. While the NTEE code E99 (Other Health Related Activities) suggests a program-focused mission, without a detailed breakdown of expenses, it's difficult to fully assess spending efficiency. The declining asset base, coupled with consistent revenue shortfalls, raises questions about the long-term sustainability of its current financial model. Transparency regarding the specific allocation of expenses (program vs. administrative vs. fundraising) would provide a clearer picture of its spending efficiency.