Fogarty Institute For Innovation
Fogarty Institute For Innovation experiences volatile revenue and expenses while maintaining zero reported officer compensation.
EIN: 113800306 · Mountain View, CA · NTEE: H92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $7.6M |
| Program Spending | 80% |
| Net Assets | $10.3M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Fogarty Institute For Innovation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Fogarty Institute For Innovation 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 Fogarty Institute For Innovation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $2.9M and expenses of $7.6M.
Revenue and Expenses
Fogarty Institute For Innovation reported $2.9M in revenue and $7.6M in expenses, a deficit of $4.7M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Fogarty Institute For Innovation 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 | $6.1M (80%) |
Across stored filings, Fogarty Institute For Innovation 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 | 80% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Butte County Fire Safe Council | California and Category H context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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All Category H
Local and Sector Spokes
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Mountain View, CA nonprofitsCategory H in California
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Fogarty Institute For Innovation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fogarty Institute For Innovation
Fogarty Institute For Innovation (EIN: 113800306) is a nonprofit organization based in Mountain View, CA, classified under NTEE code H92. The organization reported total revenue of $2.9M and total assets of $14.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fogarty Institute For Innovation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fogarty Institute For Innovation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $7.6M |
| Surplus / Deficit | $-4,691,345 |
| Total Assets | $21.4M |
| Total Liabilities | $11.0M |
| Net Assets | $10.3M |
| Operating Margin | -159.6% |
| Debt-to-Asset Ratio | 51.6% |
| Months of Reserves | 33.6 months |
Financial Health Grade: C
In 2023, Fogarty Institute For Innovation reported a deficit of $4.7M with expenses exceeding revenue, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 51.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fogarty Institute For Innovation's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.7% | +6.7% | -20.8% |
| 2022 | +274.8% | +19.0% | +111.9% |
| 2021 | -68.9% | +31.4% | -9.9% |
| 2020 | +1565.1% | +34.3% | +138.0% |
| 2019 | -67.3% | +31.9% | -36.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Fogarty Institute For Innovation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fogarty Institute For Innovation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $4.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual expenses often exceeding several million dollars. This suggests either a fully volunteer-led executive team or that compensation is structured in a way not captured under 'officer compensation' on the 990.
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 Fogarty Institute For Innovation's IRS 990 filings:
- Consistent 0% reported officer compensation, which is highly unusual for an organization of this scale and could indicate a lack of transparency in leadership compensation.
- Significant year-over-year revenue volatility, such as the drop from $12.6M in 2022 to $2.9M in 2023, which can make financial planning challenging.
- Expenses ($7,630,781 in 2023) significantly exceeding revenue ($2,939,436 in 2023), indicating reliance on prior year surpluses or asset drawdowns.
Strengths
The following positive indicators were identified for Fogarty Institute For Innovation:
- Strong asset growth, from $5.9M in 2019 to $21.3M in 2023, indicating effective asset management or significant capital infusions.
- Apparent commitment to program spending, given the lack of reported officer compensation, suggesting resources are directed towards the mission.
Frequently Asked Questions about Fogarty Institute For Innovation
Is Fogarty Institute For Innovation a legitimate charity?
Fogarty Institute For Innovation (EIN: 113800306) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Fogarty Institute For Innovation spend its money?
Fogarty Institute For Innovation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fogarty Institute For Innovation tax-deductible?
Fogarty Institute For Innovation is registered as a tax-exempt nonprofit (EIN: 113800306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fogarty Institute For Innovation's spending goes to programs?
Fogarty Institute For Innovation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fogarty Institute For Innovation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fogarty Institute For Innovation is above average for NTEE category H92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fogarty Institute For Innovation located?
Fogarty Institute For Innovation is headquartered in Mountain View, California and files with the IRS under EIN 113800306. It is classified under NTEE code H92.
How many years of IRS 990 filings does Fogarty Institute For Innovation have?
Fogarty Institute For Innovation 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 $2.9M in total revenue.
How does the Fogarty Institute For Innovation sustain its operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that their roles are structured in a way that does not fall under the 'officer compensation' category on the IRS Form 990. This warrants further inquiry into their operational model.
What caused the significant drop in revenue from $12,603,959 in 2022 to $2,939,436 in 2023?
The IRS 990 filings alone do not provide the specific reasons for such large year-over-year revenue fluctuations. This could be due to the timing of large grants, specific project funding cycles, or changes in investment income. Further details would likely be found in the organization's financial statements or annual reports.
Why did expenses increase significantly in 2023 to $7,630,781, exceeding revenue?
The increase in expenses to $7,630,781 in 2023, while revenue was $2,939,436, indicates that the organization spent more than it earned in that period. This could be due to the utilization of accumulated assets, investment in new programs, or one-time capital expenditures. This trend is not sustainable long-term without drawing down reserves or securing future funding.
Filing History
IRS 990 filing history for Fogarty Institute For Innovation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fogarty Institute For Innovation's revenue has grown by 11.7%, moving from $2.6M to $2.9M. Total assets increased by 275.1% over the same period, from $5.7M to $21.4M. Total functional expenses rose by 424.6%, from $1.5M to $7.6M. In its most recent filing year (2023), Fogarty Institute For Innovation reported a deficit of $4.7M, with expenses exceeding revenue. The organization holds $11.0M in liabilities against $21.4M in assets (debt-to-asset ratio: 51.6%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $7.6M | $21.4M | $11.0M | — | — |
| 2022 | $12.6M | $7.2M | $26.9M | $12.2M | — | View 990 |
| 2021 | $3.4M | $6.0M | $12.7M | $3.3M | — | View 990 |
| 2020 | $10.8M | $4.6M | $14.1M | $2.4M | — | View 990 |
| 2019 | $650K | $3.4M | $5.9M | $189K | — | View 990 |
| 2018 | $2.0M | $2.6M | $9.3M | $236K | — | View 990 |
| 2017 | $2.0M | $2.5M | $10.5M | $502K | — | View 990 |
| 2016 | $2.9M | $2.8M | $8.6M | $525K | — | View 990 |
| 2015 | $3.1M | $3.4M | $8.4M | $711K | — | View 990 |
| 2014 | $5.5M | $3.8M | $8.8M | $1.0M | — | View 990 |
| 2013 | $3.8M | $2.7M | $7.4M | $939K | — | View 990 |
| 2012 | $4.9M | $2.0M | $7.4M | $880K | — | View 990 |
| 2011 | $2.6M | $1.5M | $5.7M | $848K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $7.6M, and assets of $21.4M (revenue -76.7% year-over-year).
- 2022: Revenue of $12.6M, expenses of $7.2M, and assets of $26.9M (revenue +274.8% year-over-year).
- 2021: Revenue of $3.4M, expenses of $6.0M, and assets of $12.7M (revenue -68.9% year-over-year).
- 2020: Revenue of $10.8M, expenses of $4.6M, and assets of $14.1M (revenue +1565.1% year-over-year).
- 2019: Revenue of $650K, expenses of $3.4M, and assets of $5.9M (revenue -67.3% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.6M, and assets of $9.3M (revenue +0.3% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.5M, and assets of $10.5M (revenue -32.6% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.8M, and assets of $8.6M (revenue -4.0% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.4M, and assets of $8.4M (revenue -43.8% year-over-year).
- 2014: Revenue of $5.5M, expenses of $3.8M, and assets of $8.8M (revenue +42.0% year-over-year).
- 2013: Revenue of $3.8M, expenses of $2.7M, and assets of $7.4M (revenue -22.1% year-over-year).
- 2012: Revenue of $4.9M, expenses of $2.0M, and assets of $7.4M (revenue +87.5% year-over-year).
- 2011: Revenue of $2.6M, expenses of $1.5M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fogarty Institute For Innovation:
Data Sources and Methodology
This transparency report for Fogarty Institute For Innovation 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.