Harm Reduction Therapeutics Inc
EIN: 822380699 · Bethesda, MD · NTEE: F20
| Metric | Value |
|---|---|
| Total Revenue | $11.6M |
| Total Expenses | $2.9M |
| Net Assets | $2.7M |
Is Harm Reduction Therapeutics Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harm Reduction Therapeutics Inc
Harm Reduction Therapeutics Inc (EIN: 822380699) is a nonprofit organization based in Bethesda, MD, classified under NTEE code F20. The organization reported total revenue of $11.6M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harm Reduction Therapeutics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harm Reduction Therapeutics Inc is a large nonprofit that has been operating for 5 years, with 6 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 138.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$262K |
| Total Assets | $5.2M |
| Total Liabilities | $2.5M |
| Net Assets | $2.7M |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 48.2% |
| Months of Reserves | 21.8 months |
Financial Health Grade: A
In 2023, Harm Reduction Therapeutics Inc reported a surplus of $262K with revenue exceeding expenses, holds 21.8 months of operating reserves (strong position), has a debt-to-asset ratio of 48.2% (moderate leverage).
Financial Trends
Over 6 years of filings (2017–2023), Harm Reduction Therapeutics Inc's revenue has grown at a compound annual growth rate (CAGR) of 138.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.5% | -70.5% | -4.9% |
| 2022 | +1099999900.0% | +177.4% | +263.2% |
| 2021 | -100.0% | -37.7% | -70.9% |
| 2020 | +480.6% | +202.5% | +231.9% |
| 2019 | +9017.6% | +15353.1% | +31513.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Harm Reduction Therapeutics Inc 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 Harm Reduction Therapeutics Inc 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 surplus of $262K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.2%.
Frequently Asked Questions about Harm Reduction Therapeutics Inc
Is Harm Reduction Therapeutics Inc a legitimate charity?
Harm Reduction Therapeutics Inc (EIN: 822380699) is a registered tax-exempt nonprofit based in Maryland. It has 6 years of IRS 990 filings on record. Total revenue: $11.6M. No red flags identified. Financial health grade: A.
How does Harm Reduction Therapeutics Inc spend its money?
Harm Reduction Therapeutics Inc reported $11.6M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Harm Reduction Therapeutics Inc tax-deductible?
Harm Reduction Therapeutics Inc is registered as a tax-exempt nonprofit (EIN: 822380699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Harm Reduction Therapeutics Inc located?
Harm Reduction Therapeutics Inc is headquartered in Bethesda, Maryland and files with the IRS under EIN 822380699. It is classified under NTEE code F20.
How many years of IRS 990 filings does Harm Reduction Therapeutics Inc have?
Harm Reduction Therapeutics Inc has 6 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 $11.6M in total revenue.
Filing History
IRS 990 filing history for Harm Reduction Therapeutics Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2023), Harm Reduction Therapeutics Inc's revenue has grown by 18312.3%, moving from $17K to $3.1M. Total assets increased by 105253.1% over the same period, from $5K to $5.2M. Total functional expenses rose by 23677.8%, from $12K to $2.9M. In its most recent filing year (2023), Harm Reduction Therapeutics Inc reported a surplus of $262K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $5.2M in assets (debt-to-asset ratio: 48.2%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.9M | $5.2M | $2.5M | — | — |
| 2022 | $11.0M | $9.7M | $5.5M | $3.0M | — | View 990 |
| 2021 | $1 | $3.5M | $1.5M | $354K | — | View 990 |
| 2020 | $9.0M | $5.6M | $5.2M | $519K | — | View 990 |
| 2019 | $1.6M | $1.9M | $1.6M | $255K | — | View 990 |
| 2017 | $17K | $12K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.9M, and assets of $5.2M (revenue -71.5% year-over-year).
- 2022: Revenue of $11.0M, expenses of $9.7M, and assets of $5.5M (revenue +1099999900.0% year-over-year).
- 2021: Revenue of $1, expenses of $3.5M, and assets of $1.5M (revenue -100.0% year-over-year).
- 2020: Revenue of $9.0M, expenses of $5.6M, and assets of $5.2M (revenue +480.6% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.9M, and assets of $1.6M (revenue +9017.6% year-over-year).
- 2017: Revenue of $17K, expenses of $12K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harm Reduction Therapeutics Inc:
Data Sources and Methodology
This transparency report for Harm Reduction Therapeutics 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.