Bacharach Institute For Rehabilitation Inc
Bacharach Institute For Rehabilitation Inc faces significant financial challenges with a substantial operating deficit and declining assets in its latest fiscal period.
EIN: 210634964 · Pomona, NJ · NTEE: E240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $24.4M |
| Program Spending | 85% |
| Net Assets | $35.1M |
| Transparency Score | 60/100 |
Is Bacharach Institute For Rehabilitation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bacharach Institute For Rehabilitation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bacharach Institute For Rehabilitation Inc
Bacharach Institute For Rehabilitation Inc (EIN: 210634964) is a nonprofit organization based in Pomona, NJ, classified under NTEE code E240. The organization reported total revenue of $4.8M and total assets of $40.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bacharach Institute For Rehabilitation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bacharach Institute For Rehabilitation Inc is a mid-size nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $24.4M |
| Surplus / Deficit | $-20,936,718 |
| Total Assets | $39.0M |
| Total Liabilities | $3.9M |
| Net Assets | $35.1M |
| Operating Margin | -602.5% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 19.2 months |
Financial Health Grade: B
In 2023, Bacharach Institute For Rehabilitation Inc reported a deficit of $20.9M with expenses exceeding revenue, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bacharach Institute For Rehabilitation Inc's revenue has declined at a compound annual growth rate (CAGR) of -19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.4% | -39.8% | -38.4% |
| 2022 | +0.1% | +3.3% | -16.6% |
| 2021 | +0.6% | -13.2% | -3.2% |
| 2020 | -27.8% | -17.0% | -1.4% |
| 2019 | -0.8% | +2.6% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bacharach Institute For Rehabilitation Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bacharach Institute For Rehabilitation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests potential compensation through related entities or a volunteer leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bacharach Institute For Rehabilitation Inc's IRS 990 filings:
- Significant and sudden drop in revenue from $36.2M in 2022 to $3.4M in 2023.
- Substantial operating deficit in the latest fiscal period ($3.4M revenue vs. $24.4M expenses).
- Consistent decline in total assets from a high of $84.2M in 2014 to $38.9M in 2023.
- Expenses consistently exceeding revenue in multiple recent periods, indicating potential financial unsustainability.
- 0% officer compensation reported for an organization of this scale, which is unusual and warrants further inquiry into leadership compensation structures.
Strengths
The following positive indicators were identified for Bacharach Institute For Rehabilitation Inc:
- Consistent filing of IRS 990 forms, indicating transparency in financial reporting.
- Historically managed significant assets, demonstrating past financial capacity.
- No reported officer compensation, suggesting a potential commitment to minimizing administrative overhead (though this also raises questions).
Frequently Asked Questions about Bacharach Institute For Rehabilitation Inc
Is Bacharach Institute For Rehabilitation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bacharach Institute For Rehabilitation Inc (EIN: 210634964) some concerns. Mission Score: 60/100. 5 red flags identified, 3 strengths noted.
How does Bacharach Institute For Rehabilitation Inc spend its money?
Bacharach Institute For Rehabilitation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bacharach Institute For Rehabilitation Inc tax-deductible?
Bacharach Institute For Rehabilitation Inc is registered as a tax-exempt nonprofit (EIN: 210634964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bacharach Institute For Rehabilitation Inc's spending goes to programs?
Bacharach Institute For Rehabilitation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bacharach Institute For Rehabilitation Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Bacharach Institute For Rehabilitation Inc is above average for NTEE category E240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bacharach Institute For Rehabilitation Inc located?
Bacharach Institute For Rehabilitation Inc is headquartered in Pomona, New Jersey and files with the IRS under EIN 210634964. It is classified under NTEE code E240.
How many years of IRS 990 filings does Bacharach Institute For Rehabilitation Inc have?
Bacharach Institute For Rehabilitation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.8M in total revenue.
What caused the dramatic drop in revenue from $36.2 million in 2022 to $3.4 million in 2023?
The IRS 990 filings do not provide narrative explanations for such significant financial shifts. This would require reviewing the organization's financial statements or contacting them directly for clarification on changes in funding, operations, or reporting.
How is the organization covering its expenses when revenue is significantly lower, as seen in 2023 ($3.4M revenue vs. $24.4M expenses)?
The organization would likely be drawing down on its assets or utilizing reserves to cover such a large operating deficit. The decline in assets from $63.2 million in 2022 to $38.9 million in 2023 supports this conclusion.
Is the 0% officer compensation accurate, and if so, how does the organization attract and retain leadership?
Based on the IRS 990 data, officer compensation is reported as 0%. This could imply that leadership is compensated by a related entity, serves on a volunteer basis, or that the reporting method for compensation is structured differently, which would require further investigation beyond the 990.
What is the long-term financial strategy given the consistent trend of expenses exceeding revenue in recent years?
The filings show a pattern of expenses often exceeding revenue, particularly in the most recent period. Without additional information, it's unclear what strategic adjustments are being made to address these deficits and ensure financial sustainability.
Filing History
IRS 990 filing history for Bacharach Institute For Rehabilitation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bacharach Institute For Rehabilitation Inc's revenue has declined by 92.3%, moving from $45.4M to $3.5M. Total assets decreased by 45.9% over the same period, from $72.1M to $39.0M. Total functional expenses fell by 48.2%, from $47.1M to $24.4M. In its most recent filing year (2023), Bacharach Institute For Rehabilitation Inc reported a deficit of $20.9M, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $39.0M in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $35.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $24.4M | $39.0M | $3.9M | — | — |
| 2022 | $36.3M | $40.5M | $63.2M | $9.5M | — | View 990 |
| 2021 | $36.3M | $39.2M | $75.9M | $11.4M | — | View 990 |
| 2020 | $36.0M | $45.2M | $78.4M | $13.3M | — | View 990 |
| 2019 | $49.9M | $54.4M | $79.5M | $9.7M | — | View 990 |
| 2018 | $50.3M | $53.1M | $78.0M | $9.7M | — | View 990 |
| 2017 | $49.2M | $52.2M | $82.6M | $10.2M | — | View 990 |
| 2016 | $49.2M | $51.5M | $78.5M | $9.8M | — | View 990 |
| 2015 | $48.2M | $51.1M | $78.8M | $9.8M | — | View 990 |
| 2014 | $49.2M | $49.2M | $84.2M | $10.9M | — | View 990 |
| 2013 | $47.5M | $48.9M | $84.3M | $13.2M | — | View 990 |
| 2012 | $46.1M | $47.6M | $79.5M | $13.3M | — | View 990 |
| 2011 | $45.4M | $47.1M | $72.1M | $12.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $24.4M, and assets of $39.0M (revenue -90.4% year-over-year).
- 2022: Revenue of $36.3M, expenses of $40.5M, and assets of $63.2M (revenue +0.1% year-over-year).
- 2021: Revenue of $36.3M, expenses of $39.2M, and assets of $75.9M (revenue +0.6% year-over-year).
- 2020: Revenue of $36.0M, expenses of $45.2M, and assets of $78.4M (revenue -27.8% year-over-year).
- 2019: Revenue of $49.9M, expenses of $54.4M, and assets of $79.5M (revenue -0.8% year-over-year).
- 2018: Revenue of $50.3M, expenses of $53.1M, and assets of $78.0M (revenue +2.3% year-over-year).
- 2017: Revenue of $49.2M, expenses of $52.2M, and assets of $82.6M (revenue -0.1% year-over-year).
- 2016: Revenue of $49.2M, expenses of $51.5M, and assets of $78.5M (revenue +2.2% year-over-year).
- 2015: Revenue of $48.2M, expenses of $51.1M, and assets of $78.8M (revenue -2.1% year-over-year).
- 2014: Revenue of $49.2M, expenses of $49.2M, and assets of $84.2M (revenue +3.5% year-over-year).
- 2013: Revenue of $47.5M, expenses of $48.9M, and assets of $84.3M (revenue +3.1% year-over-year).
- 2012: Revenue of $46.1M, expenses of $47.6M, and assets of $79.5M (revenue +1.6% year-over-year).
- 2011: Revenue of $45.4M, expenses of $47.1M, and assets of $72.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bacharach Institute For Rehabilitation Inc:
Data Sources and Methodology
This transparency report for Bacharach Institute For Rehabilitation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.