Institute For Ethnomedicine Inc
Institute For Ethnomedicine Inc shows strong program focus with no reported officer compensation, though recent years saw expenses exceed revenue.
EIN: 201829529 · Jackson, WY · NTEE: H99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| Net Assets | $3.0M |
| Transparency Score | 90/100 |
Is Institute For Ethnomedicine Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute For Ethnomedicine Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute For Ethnomedicine Inc
Institute For Ethnomedicine Inc (EIN: 201829529) is a nonprofit organization based in Jackson, WY, classified under NTEE code H99. The organization reported total revenue of $5.6M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute For Ethnomedicine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute For Ethnomedicine Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-697,557 |
| Total Assets | $3.5M |
| Total Liabilities | $538K |
| Net Assets | $3.0M |
| Operating Margin | -34.2% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 15.3 months |
Financial Health Grade: B
In 2023, Institute For Ethnomedicine Inc reported a deficit of $698K with expenses exceeding revenue, holds 15.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute For Ethnomedicine Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.7% | -2.6% | -18.1% |
| 2022 | -40.3% | -13.1% | -7.1% |
| 2021 | -37.6% | +22.2% | -2.1% |
| 2020 | +67.1% | -0.6% | +111.3% |
| 2019 | +0.4% | +12.6% | +22.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 2005 |
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 Institute For Ethnomedicine Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Institute For Ethnomedicine Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $698K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign, suggesting that all funds are directed towards the organization's mission and operational costs, rather than executive salaries.
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 Institute For Ethnomedicine Inc's IRS 990 filings:
- Expenses exceeded revenue in recent years (2022 and 2023), potentially drawing down reserves if not reversed.
Strengths
The following positive indicators were identified for Institute For Ethnomedicine Inc:
- Consistent reporting of 0% officer compensation, indicating strong dedication to mission over executive pay.
- Strong program focus, with a high estimated percentage of spending directed to programs.
- Healthy asset-to-liability ratio, demonstrating financial stability (e.g., $3.49M assets vs. $0.54M liabilities in 2023).
- Long history of IRS 990 filings, indicating good transparency and compliance.
- Significant growth in assets over the past decade, from $938,885 in 2015 to $3,492,810 in 2023.
Frequently Asked Questions about Institute For Ethnomedicine Inc
Is Institute For Ethnomedicine Inc a legitimate charity?
Institute For Ethnomedicine Inc (EIN: 201829529) is a registered tax-exempt nonprofit based in Wyoming. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.6M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Institute For Ethnomedicine Inc spend its money?
Institute For Ethnomedicine Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Institute For Ethnomedicine Inc tax-deductible?
Institute For Ethnomedicine Inc is registered as a tax-exempt nonprofit (EIN: 201829529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Institute For Ethnomedicine Inc's spending goes to programs?
Institute For Ethnomedicine Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Institute For Ethnomedicine Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Institute For Ethnomedicine Inc is above average for NTEE category H99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Institute For Ethnomedicine Inc located?
Institute For Ethnomedicine Inc is headquartered in Jackson, Wyoming and files with the IRS under EIN 201829529. It is classified under NTEE code H99.
How many years of IRS 990 filings does Institute For Ethnomedicine Inc have?
Institute For Ethnomedicine Inc 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 $5.6M in total revenue.
Is Institute For Ethnomedicine Inc financially stable?
Yes, the organization appears financially stable with assets consistently exceeding liabilities. For example, in 2023, assets were $3,492,810 against liabilities of $538,100. However, recent years (2022 and 2023) have shown expenses exceeding revenue, which could impact long-term stability if not addressed.
How much of my donation goes to programs?
While specific detailed breakdowns are not provided in the summary data, the absence of officer compensation and the general financial health suggest a very high percentage of funds are directed towards programs. Our estimate is around 90%.
Does the organization pay its executives well?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no executives receive salaries from the organization.
Has the organization's revenue been consistent?
Revenue has fluctuated over the years, ranging from a low of $1,569,301 in 2015 to a high of $5,087,161 in 2020. This suggests a variable funding environment.
Are there any concerns about the organization's liabilities?
Liabilities have generally remained low relative to assets. For instance, in 2023, liabilities were $538,100 compared to assets of $3,492,810, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Institute For Ethnomedicine Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute For Ethnomedicine Inc's revenue has grown by 34.4%, moving from $1.5M to $2.0M. Total assets increased by 269.8% over the same period, from $944K to $3.5M. Total functional expenses rose by 109.1%, from $1.3M to $2.7M. In its most recent filing year (2023), Institute For Ethnomedicine Inc reported a deficit of $698K, with expenses exceeding revenue. The organization holds $538K in liabilities against $3.5M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.7M | $3.5M | $538K | — | — |
| 2022 | $1.9M | $2.8M | $4.3M | $612K | — | View 990 |
| 2021 | $3.2M | $3.2M | $4.6M | $24K | — | View 990 |
| 2020 | $5.1M | $2.6M | $4.7M | $61K | — | View 990 |
| 2019 | $3.0M | $2.7M | $2.2M | $31K | — | View 990 |
| 2018 | $3.0M | $2.4M | $1.8M | $5K | — | View 990 |
| 2017 | $2.0M | $2.2M | $1.1M | $4K | — | — |
| 2016 | $2.7M | $2.3M | $1.4M | $33K | — | View 990 |
| 2015 | $1.6M | $2.3M | $939K | $26K | — | View 990 |
| 2014 | $2.9M | $2.3M | $1.6M | $14K | — | View 990 |
| 2013 | $2.1M | $1.8M | $1.4M | $333K | — | View 990 |
| 2012 | $1.5M | $1.6M | $952K | $163K | — | View 990 |
| 2011 | $1.5M | $1.3M | $944K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.7M, and assets of $3.5M (revenue +7.7% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.8M, and assets of $4.3M (revenue -40.3% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.2M, and assets of $4.6M (revenue -37.6% year-over-year).
- 2020: Revenue of $5.1M, expenses of $2.6M, and assets of $4.7M (revenue +67.1% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.7M, and assets of $2.2M (revenue +0.4% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.4M, and assets of $1.8M (revenue +48.1% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.2M, and assets of $1.1M (revenue -24.0% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.3M, and assets of $1.4M (revenue +71.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $2.3M, and assets of $939K (revenue -45.0% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.3M, and assets of $1.6M (revenue +36.3% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.8M, and assets of $1.4M (revenue +43.9% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $952K (revenue -4.1% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.3M, and assets of $944K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute For Ethnomedicine Inc:
Data Sources and Methodology
This transparency report for Institute For Ethnomedicine 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.