Foundation For Innovation Education & Research In Otorhinolaryngology
EIN: 272453352 · Ocean Springs, MS · NTEE: G42
| Metric | Value |
|---|---|
| Total Revenue | $581 |
| Total Expenses | $44K |
| Net Assets | $133K |
Is Foundation For Innovation Education & Research In Otorhinolaryngology Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundation For Innovation Education & Research In Otorhinolaryngology
Foundation For Innovation Education & Research In Otorhinolaryngology (EIN: 272453352) is a nonprofit organization based in Ocean Springs, MS, classified under NTEE code G42. The organization reported total revenue of $581 and total assets of $87K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Innovation Education & Research In Otorhinolaryngology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Innovation Education & Research In Otorhinolaryngology is a micro nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -41.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $892 |
| Total Expenses | $44K |
| Surplus / Deficit | $-42,891 |
| Total Assets | $133K |
| Net Assets | $133K |
| Operating Margin | -4808.4% |
| Months of Reserves | 36.5 months |
Financial Health Grade: B
In 2023, Foundation For Innovation Education & Research In Otorhinolaryngology reported a deficit of $43K with expenses exceeding revenue, holds 36.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Innovation Education & Research In Otorhinolaryngology's revenue has declined at a compound annual growth rate (CAGR) of -41.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +190.6% | +85.9% | -24.4% |
| 2022 | +189.6% | -25.9% | -11.7% |
| 2021 | -99.6% | +488.4% | -13.7% |
| 2020 | -72.1% | -96.9% | +11.1% |
| 2019 | +85.7% | +178.1% | -25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation For Innovation Education & Research In Otorhinolaryngology 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 Foundation For Innovation Education & Research In Otorhinolaryngology 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 $43K, with expenses exceeding revenue.
Frequently Asked Questions about Foundation For Innovation Education & Research In Otorhinolaryngology
Is Foundation For Innovation Education & Research In Otorhinolaryngology a legitimate charity?
Foundation For Innovation Education & Research In Otorhinolaryngology (EIN: 272453352) is a registered tax-exempt nonprofit based in Mississippi. It has 13 years of IRS 990 filings on record. Total revenue: $581. No red flags identified. Financial health grade: B.
How does Foundation For Innovation Education & Research In Otorhinolaryngology spend its money?
Foundation For Innovation Education & Research In Otorhinolaryngology reported $581 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 Foundation For Innovation Education & Research In Otorhinolaryngology tax-deductible?
Foundation For Innovation Education & Research In Otorhinolaryngology is registered as a tax-exempt nonprofit (EIN: 272453352). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation For Innovation Education & Research In Otorhinolaryngology located?
Foundation For Innovation Education & Research In Otorhinolaryngology is headquartered in Ocean Springs, Mississippi and files with the IRS under EIN 272453352. It is classified under NTEE code G42.
How many years of IRS 990 filings does Foundation For Innovation Education & Research In Otorhinolaryngology have?
Foundation For Innovation Education & Research In Otorhinolaryngology 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 $581 in total revenue.
Filing History
IRS 990 filing history for Foundation For Innovation Education & Research In Otorhinolaryngology showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Innovation Education & Research In Otorhinolaryngology's revenue has declined by 99.8%, moving from $499K to $892. Total assets decreased by 50.3% over the same period, from $268K to $133K. Total functional expenses fell by 96.4%, from $1.2M to $44K. In its most recent filing year (2023), Foundation For Innovation Education & Research In Otorhinolaryngology reported a deficit of $43K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $892 | $44K | $133K | $0 | — | — |
| 2022 | $307 | $24K | $176K | $0 | — | View 990 |
| 2021 | $106 | $32K | $199K | $0 | — | — |
| 2020 | $29K | $5K | $231K | $0 | — | — |
| 2019 | $106K | $177K | $208K | $889 | — | View 990 |
| 2018 | $57K | $63K | $278K | $121 | — | View 990 |
| 2017 | $31K | $111K | $285K | $382 | — | — |
| 2016 | $74K | $54K | $368K | $4K | — | View 990 |
| 2015 | $307K | $458K | $345K | $301 | — | View 990 |
| 2014 | $1.1M | $1.5M | $509K | $13K | — | View 990 |
| 2013 | $1.1M | $675K | $917K | $0 | — | View 990 |
| 2012 | $1.7M | $1.5M | $449K | $0 | — | View 990 |
| 2011 | $499K | $1.2M | $268K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $892, expenses of $44K, and assets of $133K (revenue +190.6% year-over-year).
- 2022: Revenue of $307, expenses of $24K, and assets of $176K (revenue +189.6% year-over-year).
- 2021: Revenue of $106, expenses of $32K, and assets of $199K (revenue -99.6% year-over-year).
- 2020: Revenue of $29K, expenses of $5K, and assets of $231K (revenue -72.1% year-over-year).
- 2019: Revenue of $106K, expenses of $177K, and assets of $208K (revenue +85.7% year-over-year).
- 2018: Revenue of $57K, expenses of $63K, and assets of $278K (revenue +84.9% year-over-year).
- 2017: Revenue of $31K, expenses of $111K, and assets of $285K (revenue -58.5% year-over-year).
- 2016: Revenue of $74K, expenses of $54K, and assets of $368K (revenue -75.9% year-over-year).
- 2015: Revenue of $307K, expenses of $458K, and assets of $345K (revenue -70.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.5M, and assets of $509K (revenue -8.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $675K, and assets of $917K (revenue -31.9% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $449K (revenue +236.3% year-over-year).
- 2011: Revenue of $499K, expenses of $1.2M, and assets of $268K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Innovation Education & Research In Otorhinolaryngology:
Data Sources and Methodology
This transparency report for Foundation For Innovation Education & Research In Otorhinolaryngology 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.