Institute For Therapeutic Discovery Inc
Institute For Therapeutic Discovery Inc. experiences declining revenue and operates with a deficit in its latest fiscal period.
EIN: 200109928 · Providence, RI · NTEE: H90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $43K |
| Total Expenses | $46K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $28,112 |
| Net Assets | $28K |
| Transparency Score | 65/100 |
Is Institute For Therapeutic Discovery 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 Therapeutic Discovery Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute For Therapeutic Discovery Inc
Institute For Therapeutic Discovery Inc (EIN: 200109928) is a nonprofit organization based in Providence, RI, classified under NTEE code H90. The organization reported total revenue of $43K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute For Therapeutic Discovery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute For Therapeutic Discovery Inc is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $46K |
| Surplus / Deficit | $-2,815 |
| Total Assets | $51K |
| Total Liabilities | $24K |
| Net Assets | $28K |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 46.1% |
| Months of Reserves | 13.3 months |
Financial Health Grade: B
In 2021, Institute For Therapeutic Discovery Inc reported a deficit of $3K with expenses exceeding revenue, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2012–2021), Institute For Therapeutic Discovery Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -46.7% | -5.4% | -3.5% |
| 2020 | -43.2% | -25.6% | +11633.0% |
| 2019 | -40.5% | -67.9% | -77.3% |
| 2018 | +57.4% | +78.0% | +2325.6% |
| 2017 | +457.2% | +268.0% | -82.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Therapeutic Discovery Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Institute For Therapeutic Discovery Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly unusual for an organization with expenses ranging from $28,112 to $204,450.
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 Therapeutic Discovery Inc's IRS 990 filings:
- Declining revenue trend since 2018
- Operating with a deficit in the latest fiscal period (2021)
- Significant fluctuations in assets and liabilities over time
- Unusually low asset base relative to historical liabilities
Strengths
The following positive indicators were identified for Institute For Therapeutic Discovery Inc:
- Consistent 0% officer compensation reported across all filings
- Reduced liabilities significantly from historical highs
- Consistent IRS 990 filing history demonstrates regulatory compliance
Frequently Asked Questions about Institute For Therapeutic Discovery Inc
Is Institute For Therapeutic Discovery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute For Therapeutic Discovery Inc (EIN: 200109928) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Institute For Therapeutic Discovery Inc spend its money?
Institute For Therapeutic Discovery Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Institute For Therapeutic Discovery Inc tax-deductible?
Institute For Therapeutic Discovery Inc is registered as a tax-exempt nonprofit (EIN: 200109928). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Institute For Therapeutic Discovery Inc CEO make?
Institute For Therapeutic Discovery Inc's highest-compensated officer earns $28,112 annually. The organization reported $43K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Institute For Therapeutic Discovery Inc's spending goes to programs?
Institute For Therapeutic Discovery Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Institute For Therapeutic Discovery Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Institute For Therapeutic Discovery Inc is above average for NTEE category H90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Institute For Therapeutic Discovery Inc located?
Institute For Therapeutic Discovery Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 200109928. It is classified under NTEE code H90.
How many years of IRS 990 filings does Institute For Therapeutic Discovery Inc have?
Institute For Therapeutic Discovery Inc has 10 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 $43K in total revenue.
Is Institute For Therapeutic Discovery Inc. financially stable?
The organization's financial stability is questionable given its fluctuating revenue, recent deficits (e.g., $43,374 revenue vs. $46,189 expenses in 2021), and varying asset and liability levels over the years. While liabilities have decreased, the consistent deficits in recent years are a concern.
How does the organization manage its debt?
The organization has significantly reduced its liabilities from a high of $160,655 in earlier periods to $23,509 in 2021. However, these liabilities still represent a substantial portion of its $51,040 in assets, indicating ongoing debt management challenges relative to its size.
What is the trend in the organization's revenue?
The organization's revenue has shown a significant downward trend since its peak of $240,823 in 2018, decreasing to $43,374 in 2021. This consistent decline is a major financial concern.
Filing History
IRS 990 filing history for Institute For Therapeutic Discovery Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Institute For Therapeutic Discovery Inc's revenue has grown by 32.3%, moving from $33K to $43K. Total assets increased by 970.7% over the same period, from $5K to $51K. Total functional expenses rose by 49%, from $31K to $46K. In its most recent filing year (2021), Institute For Therapeutic Discovery Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $24K in liabilities against $51K in assets (debt-to-asset ratio: 46.1%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $43K | $46K | $51K | $24K | — | — |
| 2020 | $81K | $49K | $53K | $23K | — | View 990 |
| 2019 | $143K | $66K | $451 | $3K | — | View 990 |
| 2018 | $241K | $204K | $2K | $80K | — | View 990 |
| 2017 | $153K | $115K | $82 | $114K | — | View 990 |
| 2016 | $27K | $31K | $471 | $153K | — | View 990 |
| 2015 | $43K | $33K | $12K | $161K | — | View 990 |
| 2014 | $33K | $33K | $2K | $161K | — | View 990 |
| 2013 | $25K | $28K | $2K | $161K | — | View 990 |
| 2012 | $33K | $31K | $5K | $161K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $43K, expenses of $46K, and assets of $51K (revenue -46.7% year-over-year).
- 2020: Revenue of $81K, expenses of $49K, and assets of $53K (revenue -43.2% year-over-year).
- 2019: Revenue of $143K, expenses of $66K, and assets of $451 (revenue -40.5% year-over-year).
- 2018: Revenue of $241K, expenses of $204K, and assets of $2K (revenue +57.4% year-over-year).
- 2017: Revenue of $153K, expenses of $115K, and assets of $82 (revenue +457.2% year-over-year).
- 2016: Revenue of $27K, expenses of $31K, and assets of $471 (revenue -35.8% year-over-year).
- 2015: Revenue of $43K, expenses of $33K, and assets of $12K (revenue +29.0% year-over-year).
- 2014: Revenue of $33K, expenses of $33K, and assets of $2K (revenue +31.6% year-over-year).
- 2013: Revenue of $25K, expenses of $28K, and assets of $2K (revenue -23.1% year-over-year).
- 2012: Revenue of $33K, expenses of $31K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute For Therapeutic Discovery Inc:
Data Sources and Methodology
This transparency report for Institute For Therapeutic Discovery 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.