Exeter Med Real Inc
Exeter Med Real Inc consistently operates at a deficit, with expenses exceeding revenue in all reported periods.
EIN: 20418718 · Charlestown, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.8M |
| Total Expenses | $8.5M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $43.3M |
| Transparency Score | 55/100 |
Search Intent Cockpit
Exeter Med Real Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Exeter Med Real Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Exeter Med Real Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $7.3M and expenses of $8.5M.
Revenue and Expenses
Exeter Med Real Inc reported $7.3M in revenue and $8.5M in expenses, a deficit of $1.3M.
Executive Compensation
Top officer compensation appears as $7 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
55/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Exeter Med Real Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $6.0M (70%) |
Across stored filings, Exeter Med Real Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Joint Committee For Childrens Health Care In Everett →All Massachusetts nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Charlestown, MA nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
North American Marine Alliance Inc
Gloucester, MA · $2.7M revenue · Score 95/100
Compare side-by-sideSharing Foundation
Concord, MA · $1.2M revenue · Score 95/100
Compare side-by-sideMarthas Vineyard Community Television Inc
Vineyard Hvn, MA · $877K revenue · Score 95/100
Compare side-by-sideGrowing Places Garden Project Inc
Leominster, MA · $2.1M revenue · Score 90/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Exeter Med Real Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Exeter Med Real Inc
Exeter Med Real Inc (EIN: 20418718) is a nonprofit organization based in Charlestown, MA. The organization reported total revenue of $7.8M and total assets of $43.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Exeter Med Real Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Exeter Med Real Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $8.5M |
| Surplus / Deficit | $-1,276,003 |
| Total Assets | $43.7M |
| Total Liabilities | $445K |
| Net Assets | $43.3M |
| Operating Margin | -17.6% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 61.5 months |
Financial Health Grade: B
In 2023, Exeter Med Real Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 61.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Exeter Med Real Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.9% | +4.1% | -7.0% |
| 2022 | +3.0% | +-0.0% | -2.9% |
| 2021 | +8.8% | +11.5% | -1.7% |
| 2020 | +22.0% | +23.1% | +25.8% |
| 2019 | +3.3% | +9.4% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Exeter Med Real Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Exeter Med Real Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Exeter Med Real Inc reports 0% officer compensation across all available filings, indicating that its executives are either unpaid or compensated through mechanisms not categorized as officer compensation, which is unusual for an organization with over $7 million in annual revenue.
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 Exeter Med Real Inc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in all reported periods (e.g., $1.2M deficit in 2023).
- Declining assets over recent years, from $49.2M in 2020 to $43.7M in 2023, suggesting reliance on reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Exeter Med Real Inc:
- Reported 0% officer compensation across all filings, indicating potential fiscal restraint at the executive level.
- Significant asset base of over $42 million, providing a buffer despite consistent deficits.
Frequently Asked Questions about Exeter Med Real Inc
Is Exeter Med Real Inc a legitimate charity?
Exeter Med Real Inc (EIN: 20418718) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.8M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Exeter Med Real Inc spend its money?
Exeter Med Real Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Exeter Med Real Inc tax-deductible?
Exeter Med Real Inc is registered as a tax-exempt nonprofit (EIN: 20418718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Exeter Med Real Inc CEO make?
Exeter Med Real Inc's highest-compensated officer earns $7 annually. The organization reported $7.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Exeter Med Real Inc's spending goes to programs?
Exeter Med Real Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Exeter Med Real Inc located?
Exeter Med Real Inc is headquartered in Charlestown, Massachusetts and files with the IRS under EIN 20418718.
How many years of IRS 990 filings does Exeter Med Real Inc have?
Exeter Med Real 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 $7.8M in total revenue.
How does Exeter Med Real Inc cover its consistent operating deficits?
The organization appears to cover its deficits by drawing down its assets, which have decreased from $49,284,002 in 2020 to $43,744,457 in 2023.
What is the nature of Exeter Med Real Inc's mission, given its financial structure?
Without an NTEE code or mission statement, it's difficult to ascertain the specific mission. However, the 'Med Real Inc' in its name suggests a connection to medical real estate or facilities.
Why is officer compensation consistently reported as 0%?
This could mean executives are volunteers, compensated through a related entity, or their compensation is categorized differently in the 990, requiring further investigation into Part VII of the 990 form.
What are the primary expense categories for Exeter Med Real Inc?
The provided data only shows total expenses. A detailed breakdown of program, administrative, and fundraising expenses is needed to understand spending priorities.
Filing History
IRS 990 filing history for Exeter Med Real Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Exeter Med Real Inc's revenue has grown by 95%, moving from $3.7M to $7.3M. Total assets increased by 59.8% over the same period, from $27.4M to $43.7M. Total functional expenses rose by 90.9%, from $4.5M to $8.5M. In its most recent filing year (2023), Exeter Med Real Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $445K in liabilities against $43.7M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $43.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $8.5M | $43.7M | $445K | — | — |
| 2022 | $7.4M | $8.2M | $47.0M | $467K | — | View 990 |
| 2021 | $7.2M | $8.2M | $48.4M | $562K | — | View 990 |
| 2020 | $6.6M | $7.4M | $49.3M | $481K | — | — |
| 2019 | $5.4M | $6.0M | $39.2M | $2.0M | — | View 990 |
| 2018 | $5.2M | $5.5M | $31.1M | $508K | — | View 990 |
| 2017 | $4.9M | $5.4M | $31.0M | $196K | — | View 990 |
| 2016 | $4.5M | $5.0M | $31.8M | $396K | — | View 990 |
| 2015 | $3.9M | $4.6M | $29.7M | $481K | — | View 990 |
| 2014 | $3.8M | $4.6M | $26.5M | $489K | — | View 990 |
| 2013 | $3.8M | $4.5M | $27.5M | $613K | — | View 990 |
| 2012 | $3.7M | $4.5M | $26.4M | $662K | — | View 990 |
| 2011 | $3.7M | $4.5M | $27.4M | $839K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $8.5M, and assets of $43.7M (revenue -1.9% year-over-year).
- 2022: Revenue of $7.4M, expenses of $8.2M, and assets of $47.0M (revenue +3.0% year-over-year).
- 2021: Revenue of $7.2M, expenses of $8.2M, and assets of $48.4M (revenue +8.8% year-over-year).
- 2020: Revenue of $6.6M, expenses of $7.4M, and assets of $49.3M (revenue +22.0% year-over-year).
- 2019: Revenue of $5.4M, expenses of $6.0M, and assets of $39.2M (revenue +3.3% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.5M, and assets of $31.1M (revenue +7.7% year-over-year).
- 2017: Revenue of $4.9M, expenses of $5.4M, and assets of $31.0M (revenue +7.0% year-over-year).
- 2016: Revenue of $4.5M, expenses of $5.0M, and assets of $31.8M (revenue +14.9% year-over-year).
- 2015: Revenue of $3.9M, expenses of $4.6M, and assets of $29.7M (revenue +4.8% year-over-year).
- 2014: Revenue of $3.8M, expenses of $4.6M, and assets of $26.5M (revenue +-0.0% year-over-year).
- 2013: Revenue of $3.8M, expenses of $4.5M, and assets of $27.5M (revenue +1.1% year-over-year).
- 2012: Revenue of $3.7M, expenses of $4.5M, and assets of $26.4M (revenue +0.1% year-over-year).
- 2011: Revenue of $3.7M, expenses of $4.5M, and assets of $27.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Exeter Med Real Inc:
Data Sources and Methodology
This transparency report for Exeter Med Real 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.