Fmw Medspa Inc
Fmw Medspa Inc shows rapid revenue growth and no reported officer compensation, but detailed spending breakdown is unavailable.
EIN: 155083499 · Joppa, MD · NTEE: W12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $686K |
| Total Expenses | $544K |
| Program Spending | 70% |
| Net Assets | $88K |
| Transparency Score | 75/100 |
Is Fmw Medspa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fmw Medspa Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fmw Medspa Inc
Fmw Medspa Inc (EIN: 155083499) is a nonprofit organization based in Joppa, MD, classified under NTEE code W12. The organization reported total revenue of $686K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fmw Medspa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fmw Medspa Inc is a small nonprofit that has been operating for 14 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 163.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $625K |
| Total Expenses | $544K |
| Surplus / Deficit | +$81K |
| Total Assets | $97K |
| Total Liabilities | $9K |
| Net Assets | $88K |
| Operating Margin | 13.0% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 2.1 months |
Financial Health Grade: A
In 2023, Fmw Medspa Inc reported a surplus of $81K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Fmw Medspa Inc's revenue has grown at a compound annual growth rate (CAGR) of 163.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +218.5% | +191.4% | +311.7% |
| 2022 | +117.6% | +132.2% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Fmw Medspa Inc with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Fmw Medspa 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 surplus of $81K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.5%.
Executive Compensation Analysis
Fmw Medspa Inc consistently reports 0% officer compensation across all three filing periods, indicating that no compensation was paid to officers or directors as reported on the 990-EZ, which is highly favorable for donor perception.
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 Fmw Medspa Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting full efficiency assessment.
Strengths
The following positive indicators were identified for Fmw Medspa Inc:
- Significant revenue growth from $90,102 in 2021 to $624,531 in 2023, indicating strong operational expansion.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds or volunteer leadership.
- Reduction in liabilities from $11,750 in 2021 to $9,250 in 2023, demonstrating good financial management.
Frequently Asked Questions about Fmw Medspa Inc
Is Fmw Medspa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fmw Medspa Inc (EIN: 155083499) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Fmw Medspa Inc spend its money?
Fmw Medspa Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fmw Medspa Inc tax-deductible?
Fmw Medspa Inc is registered as a tax-exempt nonprofit (EIN: 155083499). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fmw Medspa Inc's spending goes to programs?
Fmw Medspa Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Fmw Medspa Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fmw Medspa Inc is above average for NTEE category W12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fmw Medspa Inc located?
Fmw Medspa Inc is headquartered in Joppa, Maryland and files with the IRS under EIN 155083499. It is classified under NTEE code W12.
How many years of IRS 990 filings does Fmw Medspa Inc have?
Fmw Medspa Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $686K in total revenue.
Is Fmw Medspa Inc financially stable given its rapid growth?
Yes, Fmw Medspa Inc appears financially stable, demonstrating significant revenue growth from $90,102 in 2021 to $624,531 in 2023, and a reduction in liabilities from $11,750 to $9,250 over the same period. Their expenses have also grown proportionally, indicating active operations.
How does Fmw Medspa Inc manage its executive compensation?
Fmw Medspa Inc reports 0% officer compensation for all available filing periods (2021-2023), suggesting that officers are either uncompensated or compensated through means not reported as officer compensation on the 990-EZ.
What is the organization's asset base relative to its revenue?
The organization's latest reported assets of $32,858 are relatively low compared to its latest revenue of $685,589. This could indicate a lean operational model, rapid reinvestment of funds, or a business model that does not require significant fixed assets.
Filing History
IRS 990 filing history for Fmw Medspa Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Fmw Medspa Inc's revenue has grown by 593.1%, moving from $90K to $625K. Total assets increased by 351.5% over the same period, from $22K to $97K. Total functional expenses rose by 576.8%, from $80K to $544K. In its most recent filing year (2023), Fmw Medspa Inc reported a surplus of $81K, with revenue exceeding expenses. The organization holds $9K in liabilities against $97K in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $88K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $625K | $544K | $97K | $9K | — | View 990 |
| 2022 | $196K | $187K | $24K | $10K | — | View 990 |
| 2021 | $90K | $80K | $22K | $12K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $625K, expenses of $544K, and assets of $97K (revenue +218.5% year-over-year).
- 2022: Revenue of $196K, expenses of $187K, and assets of $24K (revenue +117.6% year-over-year).
- 2021: Revenue of $90K, expenses of $80K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fmw Medspa Inc:
Data Sources and Methodology
This transparency report for Fmw Medspa 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.