Bronx Veterans Medical Research Foundation Inc
Bronx Veterans Medical Research Foundation consistently reports 0% officer compensation while experiencing recent deficits.
EIN: 133699250 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $5.9M |
| Program Spending | 85% |
| Net Assets | $6.7M |
| Transparency Score | 85/100 |
Is Bronx Veterans Medical Research Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bronx Veterans Medical Research Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bronx Veterans Medical Research Foundation Inc
Bronx Veterans Medical Research Foundation Inc (EIN: 133699250) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $4.7M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bronx Veterans Medical Research Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bronx Veterans Medical Research Foundation Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-1,070,200 |
| Total Assets | $7.1M |
| Total Liabilities | $400K |
| Net Assets | $6.7M |
| Operating Margin | -22.3% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 14.5 months |
Financial Health Grade: B
In 2023, Bronx Veterans Medical Research Foundation Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bronx Veterans Medical Research Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +6.3% | -10.5% |
| 2022 | -44.5% | -12.1% | -12.7% |
| 2021 | +37.0% | +56.6% | +36.3% |
| 2020 | +61.1% | +20.0% | +45.2% |
| 2019 | -32.2% | +5.7% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Bronx Veterans Medical Research Foundation Inc with a Mission Score of 85 out of 100 (Excellent). 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, Bronx Veterans Medical Research Foundation 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated directly from the organization's funds, which is highly commendable for an organization with annual revenues in the multi-millions.
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 Bronx Veterans Medical Research Foundation Inc's IRS 990 filings:
- Expenses have exceeded revenue in the last two reported periods (2022 and 2023), which could be unsustainable long-term.
- Significant fluctuation in annual revenue, from $8.2 million in 2021 to $4.8 million in 2023, suggests potential instability in funding sources.
Strengths
The following positive indicators were identified for Bronx Veterans Medical Research Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship and dedication to mission.
- Healthy asset-to-liability ratio, with assets of $7,091,358 significantly outweighing liabilities of $400,145 in 2023.
- Long filing history (13 filings) demonstrates consistent operation and transparency over time.
Frequently Asked Questions about Bronx Veterans Medical Research Foundation Inc
Is Bronx Veterans Medical Research Foundation Inc a legitimate charity?
Bronx Veterans Medical Research Foundation Inc (EIN: 133699250) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bronx Veterans Medical Research Foundation Inc spend its money?
Bronx Veterans Medical Research Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bronx Veterans Medical Research Foundation Inc tax-deductible?
Bronx Veterans Medical Research Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133699250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bronx Veterans Medical Research Foundation Inc's spending goes to programs?
Bronx Veterans Medical Research Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bronx Veterans Medical Research Foundation Inc located?
Bronx Veterans Medical Research Foundation Inc is headquartered in Bronx, New York and files with the IRS under EIN 133699250.
How many years of IRS 990 filings does Bronx Veterans Medical Research Foundation Inc have?
Bronx Veterans Medical Research Foundation 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 $4.7M in total revenue.
Is Bronx Veterans Medical Research Foundation Inc. financially stable?
Yes, the organization appears financially stable with assets of $7,091,358 significantly exceeding liabilities of $400,145 in 2023. However, recent years have shown expenses exceeding revenue, which warrants monitoring.
How does the organization's executive compensation compare to similar nonprofits?
The organization reports 0% officer compensation across all filings, which is exceptionally low and indicates a strong commitment to directing funds towards its mission rather than executive salaries.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, peaking at $8,272,955 in 2021 and decreasing to $4,807,680 in 2023. Expenses have generally increased, exceeding revenue in 2023 ($5,877,880 expenses vs. $4,807,680 revenue) and 2022 ($5,529,808 expenses vs. $4,590,701 revenue).
Filing History
IRS 990 filing history for Bronx Veterans Medical Research Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bronx Veterans Medical Research Foundation Inc's revenue has grown by 82.7%, moving from $2.6M to $4.8M. Total assets increased by 253.5% over the same period, from $2.0M to $7.1M. Total functional expenses rose by 145.4%, from $2.4M to $5.9M. In its most recent filing year (2023), Bronx Veterans Medical Research Foundation Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $400K in liabilities against $7.1M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.9M | $7.1M | $400K | — | — |
| 2022 | $4.6M | $5.5M | $7.9M | $534K | — | — |
| 2021 | $8.3M | $6.3M | $9.1M | $751K | — | View 990 |
| 2020 | $6.0M | $4.0M | $6.7M | $312K | — | — |
| 2019 | $3.7M | $3.3M | $4.6M | $262K | — | View 990 |
| 2018 | $5.5M | $3.2M | $4.1M | $204K | — | View 990 |
| 2017 | $2.4M | $4.1M | $1.9M | $318K | — | View 990 |
| 2016 | $3.0M | $3.7M | $3.3M | $27K | — | View 990 |
| 2015 | $3.4M | $3.6M | $4.2M | $234K | — | View 990 |
| 2014 | $3.7M | $2.4M | $4.2M | $33K | — | View 990 |
| 2013 | $2.5M | $2.3M | $2.8M | $6K | — | View 990 |
| 2012 | $3.1M | $2.5M | $2.7M | $123K | — | View 990 |
| 2011 | $2.6M | $2.4M | $2.0M | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.9M, and assets of $7.1M (revenue +4.7% year-over-year).
- 2022: Revenue of $4.6M, expenses of $5.5M, and assets of $7.9M (revenue -44.5% year-over-year).
- 2021: Revenue of $8.3M, expenses of $6.3M, and assets of $9.1M (revenue +37.0% year-over-year).
- 2020: Revenue of $6.0M, expenses of $4.0M, and assets of $6.7M (revenue +61.1% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.3M, and assets of $4.6M (revenue -32.2% year-over-year).
- 2018: Revenue of $5.5M, expenses of $3.2M, and assets of $4.1M (revenue +134.8% year-over-year).
- 2017: Revenue of $2.4M, expenses of $4.1M, and assets of $1.9M (revenue -22.7% year-over-year).
- 2016: Revenue of $3.0M, expenses of $3.7M, and assets of $3.3M (revenue -10.3% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.6M, and assets of $4.2M (revenue -9.3% year-over-year).
- 2014: Revenue of $3.7M, expenses of $2.4M, and assets of $4.2M (revenue +47.7% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.3M, and assets of $2.8M (revenue -18.8% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.5M, and assets of $2.7M (revenue +18.5% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.4M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bronx Veterans Medical Research Foundation Inc:
Data Sources and Methodology
This transparency report for Bronx Veterans Medical Research Foundation 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.