Baromedical Research Institute Ltd
EIN: 720940152 · New Orleans, LA
| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $411K |
| Net Assets | $207K |
Is Baromedical Research Institute Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Baromedical Research Institute Ltd
Baromedical Research Institute Ltd (EIN: 720940152) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $80K and total assets of $207K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Baromedical Research Institute Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Baromedical Research Institute Ltd is a micro nonprofit that has been operating for 44 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -17.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $411K |
| Surplus / Deficit | $-331,753 |
| Total Assets | $207K |
| Net Assets | $207K |
| Operating Margin | -416.7% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2024, Baromedical Research Institute Ltd reported a deficit of $332K with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Baromedical Research Institute Ltd's revenue has declined at a compound annual growth rate (CAGR) of -17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -89.6% | -35.2% | -61.6% |
| 2023 | +326.5% | +13.3% | +33.0% |
| 2022 | -16.2% | +30.2% | -48.5% |
| 2021 | -78.9% | -29.8% | -21.0% |
| 2020 | +40.8% | -19.9% | +66.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Baromedical Research Institute Ltd has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Baromedical Research Institute Ltd with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $332K, with expenses exceeding revenue.
Frequently Asked Questions about Baromedical Research Institute Ltd
Is Baromedical Research Institute Ltd a legitimate charity?
Baromedical Research Institute Ltd (EIN: 720940152) is a registered tax-exempt nonprofit based in Louisiana. It has 14 years of IRS 990 filings on record. Total revenue: $80K. No red flags identified. Financial health grade: B.
How does Baromedical Research Institute Ltd spend its money?
Baromedical Research Institute Ltd reported $80K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Baromedical Research Institute Ltd tax-deductible?
Baromedical Research Institute Ltd is registered as a tax-exempt nonprofit (EIN: 720940152). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Baromedical Research Institute Ltd located?
Baromedical Research Institute Ltd is headquartered in New Orleans, Louisiana and files with the IRS under EIN 720940152.
How many years of IRS 990 filings does Baromedical Research Institute Ltd have?
Baromedical Research Institute Ltd has 14 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 $80K in total revenue.
Filing History
IRS 990 filing history for Baromedical Research Institute Ltd showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Baromedical Research Institute Ltd's revenue has declined by 91.5%, moving from $936K to $80K. Total assets decreased by 51.8% over the same period, from $429K to $207K. Total functional expenses fell by 44.9%, from $746K to $411K. In its most recent filing year (2024), Baromedical Research Institute Ltd reported a deficit of $332K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $80K | $411K | $207K | $0 | — | — |
| 2023 | $769K | $635K | $538K | $0 | — | View 990 |
| 2022 | $180K | $561K | $405K | $0 | — | View 990 |
| 2021 | $215K | $431K | $785K | $0 | — | View 990 |
| 2020 | $1.0M | $614K | $994K | $0 | — | View 990 |
| 2019 | $722K | $766K | $598K | $0 | — | View 990 |
| 2018 | $881K | $709K | $643K | $0 | — | View 990 |
| 2017 | $814K | $817K | $470K | $0 | — | View 990 |
| 2016 | $669K | $799K | $473K | $0 | — | View 990 |
| 2015 | $982K | $551K | $603K | $0 | — | View 990 |
| 2014 | $348K | $500K | $172K | $65 | — | View 990 |
| 2013 | $524K | $484K | $329K | $32K | — | View 990 |
| 2012 | $275K | $515K | $289K | $33K | — | View 990 |
| 2011 | $936K | $746K | $429K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $80K, expenses of $411K, and assets of $207K (revenue -89.6% year-over-year).
- 2023: Revenue of $769K, expenses of $635K, and assets of $538K (revenue +326.5% year-over-year).
- 2022: Revenue of $180K, expenses of $561K, and assets of $405K (revenue -16.2% year-over-year).
- 2021: Revenue of $215K, expenses of $431K, and assets of $785K (revenue -78.9% year-over-year).
- 2020: Revenue of $1.0M, expenses of $614K, and assets of $994K (revenue +40.8% year-over-year).
- 2019: Revenue of $722K, expenses of $766K, and assets of $598K (revenue -18.0% year-over-year).
- 2018: Revenue of $881K, expenses of $709K, and assets of $643K (revenue +8.2% year-over-year).
- 2017: Revenue of $814K, expenses of $817K, and assets of $470K (revenue +21.6% year-over-year).
- 2016: Revenue of $669K, expenses of $799K, and assets of $473K (revenue -31.9% year-over-year).
- 2015: Revenue of $982K, expenses of $551K, and assets of $603K (revenue +182.1% year-over-year).
- 2014: Revenue of $348K, expenses of $500K, and assets of $172K (revenue -33.6% year-over-year).
- 2013: Revenue of $524K, expenses of $484K, and assets of $329K (revenue +90.7% year-over-year).
- 2012: Revenue of $275K, expenses of $515K, and assets of $289K (revenue -70.6% year-over-year).
- 2011: Revenue of $936K, expenses of $746K, and assets of $429K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Baromedical Research Institute Ltd:
Data Sources and Methodology
This transparency report for Baromedical Research Institute Ltd 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.