Institute For Industrial And Applied Life Science
Institute For Industrial And Applied Life Science maintains asset growth with no reported officer compensation despite fluctuating revenues.
EIN: 201215246 · St Joseph, MO · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $281K |
| Total Expenses | $376K |
| Program Spending | 85% |
| Net Assets | $642K |
| Transparency Score | 85/100 |
Is Institute For Industrial And Applied Life Science Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute For Industrial And Applied Life Science directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute For Industrial And Applied Life Science
Institute For Industrial And Applied Life Science (EIN: 201215246) is a nonprofit organization based in St Joseph, MO, classified under NTEE code B90. The organization reported total revenue of $281K and total assets of $571K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute For Industrial And Applied Life Science's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute For Industrial And Applied Life Science is a small 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 -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $434K |
| Total Expenses | $376K |
| Surplus / Deficit | +$58K |
| Total Assets | $661K |
| Total Liabilities | $19K |
| Net Assets | $642K |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 21.1 months |
Financial Health Grade: A
In 2023, Institute For Industrial And Applied Life Science reported a surplus of $58K with revenue exceeding expenses, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute For Industrial And Applied Life Science's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.9% | +3.4% | +9.4% |
| 2022 | +15.4% | -6.6% | +29.9% |
| 2021 | -0.2% | -26.1% | +9.3% |
| 2020 | -10.1% | -11.3% | -22.4% |
| 2019 | -20.5% | -11.3% | -16.6% |
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 Industrial And Applied Life Science with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Institute For Industrial And Applied Life Science allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that officers are not compensated financially by the organization. This is a strong positive for an organization of its size, suggesting a volunteer-led or highly efficient leadership structure.
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 Industrial And Applied Life Science's IRS 990 filings:
- Historical periods of expenses exceeding revenue (e.g., 2014-2020), leading to asset decline.
Strengths
The following positive indicators were identified for Institute For Industrial And Applied Life Science:
- Consistent 0% officer compensation, indicating strong commitment to mission spending.
- Positive net income in recent years (e.g., $58,101 surplus in 2023).
- Assets consistently exceed liabilities, demonstrating financial solvency.
- Recovery in asset base since 2020.
Frequently Asked Questions about Institute For Industrial And Applied Life Science
Is Institute For Industrial And Applied Life Science a legitimate charity?
Institute For Industrial And Applied Life Science (EIN: 201215246) is a registered tax-exempt nonprofit based in Missouri. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $281K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Institute For Industrial And Applied Life Science spend its money?
Institute For Industrial And Applied Life Science directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Institute For Industrial And Applied Life Science tax-deductible?
Institute For Industrial And Applied Life Science is registered as a tax-exempt nonprofit (EIN: 201215246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Institute For Industrial And Applied Life Science's spending goes to programs?
Institute For Industrial And Applied Life Science directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Institute For Industrial And Applied Life Science compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Institute For Industrial And Applied Life Science is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Institute For Industrial And Applied Life Science located?
Institute For Industrial And Applied Life Science is headquartered in St Joseph, Missouri and files with the IRS under EIN 201215246. It is classified under NTEE code B90.
How many years of IRS 990 filings does Institute For Industrial And Applied Life Science have?
Institute For Industrial And Applied Life Science 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 $281K in total revenue.
Is Institute For Industrial And Applied Life Science financially stable?
Yes, the organization appears financially stable, with assets of $660,650 significantly exceeding liabilities of $18,733 in 2023, and a history of positive net income in recent years.
How has the organization's revenue trended over time?
Revenue has fluctuated, peaking at $619,509 in 2014, declining to a low of $432,085 in 2021, and showing a slight recovery to $434,225 in 2023, indicating some variability in funding.
Does the organization pay its executives?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that its leadership is not financially compensated.
What is the trend in the organization's assets?
Assets decreased from a high of $1,044,300 in 2014 to $425,369 in 2020, but have since shown a positive recovery, reaching $660,650 in 2023.
Filing History
IRS 990 filing history for Institute For Industrial And Applied Life Science showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute For Industrial And Applied Life Science's revenue has declined by 29.7%, moving from $617K to $434K. Total assets decreased by 45.6% over the same period, from $1.2M to $661K. Total functional expenses fell by 29.2%, from $532K to $376K. In its most recent filing year (2023), Institute For Industrial And Applied Life Science reported a surplus of $58K, with revenue exceeding expenses. The organization holds $19K in liabilities against $661K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $642K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $434K | $376K | $661K | $19K | — | View 990 |
| 2022 | $498K | $364K | $604K | $20K | — | — |
| 2021 | $432K | $389K | $465K | $16K | — | View 990 |
| 2020 | $433K | $527K | $425K | $19K | — | — |
| 2019 | $482K | $594K | $548K | $48K | — | View 990 |
| 2018 | $606K | $669K | $658K | $46K | — | View 990 |
| 2017 | $571K | $621K | $763K | $88K | — | View 990 |
| 2016 | $557K | $655K | $765K | $41K | — | View 990 |
| 2015 | $582K | $749K | $868K | $45K | — | View 990 |
| 2014 | $620K | $781K | $1.0M | $54K | — | View 990 |
| 2013 | $610K | $558K | $1.2M | $40K | — | View 990 |
| 2012 | $494K | $581K | $1.1M | $37K | — | View 990 |
| 2011 | $617K | $532K | $1.2M | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $434K, expenses of $376K, and assets of $661K (revenue -12.9% year-over-year).
- 2022: Revenue of $498K, expenses of $364K, and assets of $604K (revenue +15.4% year-over-year).
- 2021: Revenue of $432K, expenses of $389K, and assets of $465K (revenue -0.2% year-over-year).
- 2020: Revenue of $433K, expenses of $527K, and assets of $425K (revenue -10.1% year-over-year).
- 2019: Revenue of $482K, expenses of $594K, and assets of $548K (revenue -20.5% year-over-year).
- 2018: Revenue of $606K, expenses of $669K, and assets of $658K (revenue +6.1% year-over-year).
- 2017: Revenue of $571K, expenses of $621K, and assets of $763K (revenue +2.6% year-over-year).
- 2016: Revenue of $557K, expenses of $655K, and assets of $765K (revenue -4.3% year-over-year).
- 2015: Revenue of $582K, expenses of $749K, and assets of $868K (revenue -6.1% year-over-year).
- 2014: Revenue of $620K, expenses of $781K, and assets of $1.0M (revenue +1.6% year-over-year).
- 2013: Revenue of $610K, expenses of $558K, and assets of $1.2M (revenue +23.5% year-over-year).
- 2012: Revenue of $494K, expenses of $581K, and assets of $1.1M (revenue -20.0% year-over-year).
- 2011: Revenue of $617K, expenses of $532K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute For Industrial And Applied Life Science:
Data Sources and Methodology
This transparency report for Institute For Industrial And Applied Life Science 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.