Is Veterans Bio Medical Research Institute Inc Legit?
Quick charity verification for Veterans Bio Medical Research Institute Inc (EIN: 222995785)
Verdict: Veterans Bio Medical Research Institute Inc shows mixed signals
65/100Mission Score
$2.3MRevenue
$754KAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits: Expenses have exceeded revenue in every year provided, leading to a significant depletion of assets.
Declining net assets: Total assets have decreased from $2,287,413 in 2018 to $753,700 in 2023, indicating financial instability.
Unusual executive compensation: Reporting $0 for all highest paid employees is highly uncommon and may suggest incomplete or misleading disclosure.
Lack of detailed program impact: The provided data does not offer specific metrics or descriptions of the biomedical research conducted or its outcomes.
Strengths
Consistent revenue generation: The organization has maintained revenue levels generally above $1.8 million annually, indicating a stable donor base or funding stream.
Focus on a critical mission: Biomedical research for veterans addresses a vital need.
AI Transparency Report
Veterans Bio Medical Research Institute Inc is a unknown nonprofit based in East Orange, New Jersey, with reported revenue of $2.3M and assets of $754K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation is reported as $0 across all available filings, which warrants further investigation given the organization's operational scale and expenses. Revenue has remained stable -3% across 13 filing periods.