Corporation For Advancement Of Medical Technologies
EIN: 522079827 · Boston, MA · NTEE: H00Z
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $924K |
| Net Assets | $1.4M |
Is Corporation For Advancement Of Medical Technologies Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corporation For Advancement Of Medical Technologies
Corporation For Advancement Of Medical Technologies (EIN: 522079827) is a nonprofit organization based in Boston, MA, classified under NTEE code H00Z. The organization reported total revenue of $1.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corporation For Advancement Of Medical Technologies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corporation For Advancement Of Medical Technologies is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $681K |
| Total Expenses | $924K |
| Surplus / Deficit | $-243,448 |
| Total Assets | $1.5M |
| Total Liabilities | $91K |
| Net Assets | $1.4M |
| Operating Margin | -35.7% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 19.5 months |
Financial Health Grade: B
In 2023, Corporation For Advancement Of Medical Technologies reported a deficit of $243K with expenses exceeding revenue, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Corporation For Advancement Of Medical Technologies's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.7% | -1.6% | -16.4% |
| 2022 | +33.2% | +23.0% | +93.4% |
| 2021 | +74.1% | +16.2% | +13.9% |
| 2020 | -23.2% | -16.6% | +131.0% |
| 2019 | +18.9% | +18.7% | +22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corporation For Advancement Of Medical Technologies 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 Corporation For Advancement Of Medical Technologies 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $243K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Frequently Asked Questions about Corporation For Advancement Of Medical Technologies
Is Corporation For Advancement Of Medical Technologies a legitimate charity?
Corporation For Advancement Of Medical Technologies (EIN: 522079827) is a registered tax-exempt nonprofit based in Massachusetts. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: B.
How does Corporation For Advancement Of Medical Technologies spend its money?
Corporation For Advancement Of Medical Technologies reported $1.3M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Corporation For Advancement Of Medical Technologies tax-deductible?
Corporation For Advancement Of Medical Technologies is registered as a tax-exempt nonprofit (EIN: 522079827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Corporation For Advancement Of Medical Technologies located?
Corporation For Advancement Of Medical Technologies is headquartered in Boston, Massachusetts and files with the IRS under EIN 522079827. It is classified under NTEE code H00Z.
How many years of IRS 990 filings does Corporation For Advancement Of Medical Technologies have?
Corporation For Advancement Of Medical Technologies 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Corporation For Advancement Of Medical Technologies showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Corporation For Advancement Of Medical Technologies's revenue has declined by 31.2%, moving from $990K to $681K. Total assets increased by 357.5% over the same period, from $329K to $1.5M. Total functional expenses fell by 12%, from $1.1M to $924K. In its most recent filing year (2023), Corporation For Advancement Of Medical Technologies reported a deficit of $243K, with expenses exceeding revenue. The organization holds $91K in liabilities against $1.5M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $681K | $924K | $1.5M | $91K | — | — |
| 2022 | $1.7M | $940K | $1.8M | $143K | — | — |
| 2021 | $1.3M | $764K | $930K | $26K | — | View 990 |
| 2020 | $729K | $658K | $817K | $418K | — | — |
| 2019 | $950K | $789K | $354K | $27K | — | View 990 |
| 2018 | $798K | $665K | $289K | $123K | — | View 990 |
| 2017 | $635K | $589K | $242K | $210K | — | View 990 |
| 2016 | $1.0M | $847K | $186K | $200K | — | View 990 |
| 2015 | $877K | $888K | $214K | $396K | — | View 990 |
| 2014 | $865K | $803K | $853K | $1.0M | — | View 990 |
| 2013 | $572K | $703K | $852K | $1.1M | — | View 990 |
| 2012 | $606K | $754K | $214K | $321K | — | View 990 |
| 2011 | $990K | $1.1M | $329K | $288K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $681K, expenses of $924K, and assets of $1.5M (revenue -59.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $940K, and assets of $1.8M (revenue +33.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $764K, and assets of $930K (revenue +74.1% year-over-year).
- 2020: Revenue of $729K, expenses of $658K, and assets of $817K (revenue -23.2% year-over-year).
- 2019: Revenue of $950K, expenses of $789K, and assets of $354K (revenue +18.9% year-over-year).
- 2018: Revenue of $798K, expenses of $665K, and assets of $289K (revenue +25.8% year-over-year).
- 2017: Revenue of $635K, expenses of $589K, and assets of $242K (revenue -37.5% year-over-year).
- 2016: Revenue of $1.0M, expenses of $847K, and assets of $186K (revenue +15.7% year-over-year).
- 2015: Revenue of $877K, expenses of $888K, and assets of $214K (revenue +1.4% year-over-year).
- 2014: Revenue of $865K, expenses of $803K, and assets of $853K (revenue +51.4% year-over-year).
- 2013: Revenue of $572K, expenses of $703K, and assets of $852K (revenue -5.7% year-over-year).
- 2012: Revenue of $606K, expenses of $754K, and assets of $214K (revenue -38.8% year-over-year).
- 2011: Revenue of $990K, expenses of $1.1M, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corporation For Advancement Of Medical Technologies:
Data Sources and Methodology
This transparency report for Corporation For Advancement Of Medical Technologies 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.