Is Oregon Nanoscience And Microtechnologies Institute Legit?
Quick charity verification for Oregon Nanoscience And Microtechnologies Institute (EIN: 202630181)
Verdict: Oregon Nanoscience And Microtechnologies Institute appears trustworthy
92/100Mission Score
$1.8MRevenue
$3.8MAssets
1Red Flags
5Strengths
Red Flags
No reported officer compensation, which, while positive for mission allocation, can sometimes indicate officers are compensated through other entities or are entirely volunteer, which might not be sustainable long-term for leadership roles.
Strengths
Consistent positive net income, with revenue consistently exceeding expenses (e.g., $1,388,094 revenue vs. $1,273,201 expenses in 2024).
Zero reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
Growing asset base, reaching $3,754,720 in 2024, demonstrating financial growth and stability.
Low liabilities relative to assets ($52,061 liabilities vs. $3,754,720 assets in 2024), indicating strong financial health.
Consistent IRS 990 filing history (13 filings), showing commitment to transparency and compliance.
Spending Breakdown
How Oregon Nanoscience And Microtechnologies Institute allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Oregon Nanoscience And Microtechnologies Institute
Is Oregon Nanoscience And Microtechnologies Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Oregon Nanoscience And Microtechnologies Institute (EIN: 202630181) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Oregon Nanoscience And Microtechnologies Institute a good charity to donate to?
Oregon Nanoscience And Microtechnologies Institute has a Mission Score of 92/100. Revenue: $1.8M. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oregon Nanoscience And Microtechnologies Institute?
The Employer Identification Number (EIN) for Oregon Nanoscience And Microtechnologies Institute is 202630181. 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 Oregon Nanoscience And Microtechnologies Institute spend its money?
Oregon Nanoscience And Microtechnologies Institute allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Oregon Nanoscience And Microtechnologies Institute's tax-exempt status?
You can verify Oregon Nanoscience And Microtechnologies Institute's tax-exempt status using EIN 202630181 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
Oregon Nanoscience And Microtechnologies Institute (ONAMI) demonstrates a generally stable financial position with consistent revenue streams, averaging around $1.5 million to $2 million annually over the past few years, though there have been fluctuations, such as a peak revenue of $3.87 million in 2016. The organization consistently reports zero officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. Its asset base has shown growth, reaching $3.75 million in the latest filing, while liabilities remain relatively low at $52,061, indicating good financial management and solvency. The organization's expenses are consistently below its revenue, allowing for a healthy accumulation of assets and reserves.
ONAMI's spending efficiency appears strong, with expenses consistently lower than revenue, suggesting effective resource management. The absence of reported officer compensation further reinforces its efficiency in allocating resources. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health, characterized by growing assets and low liabilities, points to a well-managed organization. The consistent filing of IRS 990 forms over 13 periods also indicates a commitment to regulatory compliance and transparency.
Overall, ONAMI appears to be a financially sound and transparent organization. Its consistent revenue, growing assets, low liabilities, and zero reported officer compensation are all positive indicators. The organization's ability to maintain a positive net income year over year contributes to its long-term sustainability and capacity to fulfill its mission in nanoscience and microtechnologies.