Genomics Organization For Academic Laboratories
EIN: 853066920 · Wilmington, DE · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $186K |
| Total Expenses | $194K |
| Net Assets | $763K |
Is Genomics Organization For Academic Laboratories Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Genomics Organization For Academic Laboratories
Genomics Organization For Academic Laboratories (EIN: 853066920) is a nonprofit organization based in Wilmington, DE, classified under NTEE code P20. The organization reported total revenue of $186K and total assets of $893K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genomics Organization For Academic Laboratories's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genomics Organization For Academic Laboratories is a small nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -68.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $101K |
| Total Expenses | $194K |
| Surplus / Deficit | $-92,314 |
| Total Assets | $978K |
| Total Liabilities | $216K |
| Net Assets | $763K |
| Operating Margin | -91.1% |
| Debt-to-Asset Ratio | 22.1% |
| Months of Reserves | 60.6 months |
Financial Health Grade: B
In 2023, Genomics Organization For Academic Laboratories reported a deficit of $92K with expenses exceeding revenue, holds 60.6 months of operating reserves (strong position), has a debt-to-asset ratio of 22.1% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Genomics Organization For Academic Laboratories's revenue has declined at a compound annual growth rate (CAGR) of -68.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +169.5% | +35.8% | -14.8% |
| 2022 | -96.4% | +61.0% | +19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Genomics Organization For Academic Laboratories 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 Genomics Organization For Academic Laboratories 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 $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.1%.
Frequently Asked Questions about Genomics Organization For Academic Laboratories
Is Genomics Organization For Academic Laboratories a legitimate charity?
Based on AI analysis of IRS 990 filings, Genomics Organization For Academic Laboratories (EIN: 853066920) insufficient data. 0 red flags identified, 0 strengths noted.
How does Genomics Organization For Academic Laboratories spend its money?
Detailed spending breakdown data is not yet available for Genomics Organization For Academic Laboratories. Check back for updated IRS 990 analysis.
Are donations to Genomics Organization For Academic Laboratories tax-deductible?
Genomics Organization For Academic Laboratories is registered as a tax-exempt nonprofit (EIN: 853066920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Genomics Organization For Academic Laboratories located?
Genomics Organization For Academic Laboratories is headquartered in Wilmington, Delaware and files with the IRS under EIN 853066920. It is classified under NTEE code P20.
How many years of IRS 990 filings does Genomics Organization For Academic Laboratories have?
Genomics Organization For Academic Laboratories 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 $186K in total revenue.
Filing History
IRS 990 filing history for Genomics Organization For Academic Laboratories showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Genomics Organization For Academic Laboratories's revenue has declined by 90.3%, moving from $1.0M to $101K. Total assets increased by 1.7% over the same period, from $962K to $978K. Total functional expenses rose by 118.7%, from $89K to $194K. In its most recent filing year (2023), Genomics Organization For Academic Laboratories reported a deficit of $92K, with expenses exceeding revenue. The organization holds $216K in liabilities against $978K in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $763K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $101K | $194K | $978K | $216K | — | — |
| 2022 | $38K | $143K | $1.1M | $294K | — | — |
| 2021 | $1.0M | $89K | $962K | $3K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $101K, expenses of $194K, and assets of $978K (revenue +169.5% year-over-year).
- 2022: Revenue of $38K, expenses of $143K, and assets of $1.1M (revenue -96.4% year-over-year).
- 2021: Revenue of $1.0M, expenses of $89K, and assets of $962K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genomics Organization For Academic Laboratories:
Data Sources and Methodology
This transparency report for Genomics Organization For Academic Laboratories 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.