Mars Research Inc
EIN: 450513523 · Gilbert, IA · NTEE: H50
| Metric | Value |
|---|---|
| Total Revenue | $141K |
| Total Expenses | $238K |
| Net Assets | $23K |
Is Mars Research Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mars Research Inc
Mars Research Inc (EIN: 450513523) is a nonprofit organization based in Gilbert, IA, classified under NTEE code H50. The organization reported total revenue of $141K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mars Research Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mars Research Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $238K |
| Surplus / Deficit | $-41,110 |
| Total Assets | $23K |
| Net Assets | $23K |
| Operating Margin | -20.9% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Mars Research Inc reported a deficit of $41K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Mars Research Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.5% | +75.6% | -64.2% |
| 2022 | +8.9% | +17.4% | +9.5% |
| 2021 | +203.5% | +414.9% | +31.8% |
| 2020 | -55.2% | -71.6% | +83.8% |
| 2019 | -4.8% | -20.6% | +200.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mars Research 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 Mars Research 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 deficit of $41K, with expenses exceeding revenue.
Frequently Asked Questions about Mars Research Inc
Is Mars Research Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mars Research Inc (EIN: 450513523) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mars Research Inc spend its money?
Detailed spending breakdown data is not yet available for Mars Research Inc. Check back for updated IRS 990 analysis.
Are donations to Mars Research Inc tax-deductible?
Mars Research Inc is registered as a tax-exempt nonprofit (EIN: 450513523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mars Research Inc located?
Mars Research Inc is headquartered in Gilbert, Iowa and files with the IRS under EIN 450513523. It is classified under NTEE code H50.
How many years of IRS 990 filings does Mars Research Inc have?
Mars Research 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 $141K in total revenue.
Filing History
IRS 990 filing history for Mars Research Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mars Research Inc's revenue has grown by 133.7%, moving from $84K to $197K. Total assets increased by 73.3% over the same period, from $13K to $23K. Total functional expenses rose by 211.8%, from $76K to $238K. In its most recent filing year (2023), Mars Research Inc reported a deficit of $41K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $238K | $23K | $0 | — | View 990 |
| 2022 | $141K | $135K | $64K | $0 | — | View 990 |
| 2021 | $129K | $115K | $59K | $0 | — | View 990 |
| 2020 | $43K | $22K | $44K | $0 | — | — |
| 2019 | $95K | $79K | $24K | $0 | — | View 990 |
| 2018 | $100K | $100K | $8K | $0 | — | View 990 |
| 2017 | $86K | $96K | $8K | $0 | — | View 990 |
| 2016 | $109K | $112K | $18K | $0 | — | View 990 |
| 2015 | $119K | $213K | $20K | $0 | — | View 990 |
| 2014 | $107K | $12K | $114K | $0 | — | View 990 |
| 2013 | $100K | $91K | $19K | $0 | — | View 990 |
| 2012 | $93K | $95K | $11K | $0 | — | View 990 |
| 2011 | $84K | $76K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $238K, and assets of $23K (revenue +39.5% year-over-year).
- 2022: Revenue of $141K, expenses of $135K, and assets of $64K (revenue +8.9% year-over-year).
- 2021: Revenue of $129K, expenses of $115K, and assets of $59K (revenue +203.5% year-over-year).
- 2020: Revenue of $43K, expenses of $22K, and assets of $44K (revenue -55.2% year-over-year).
- 2019: Revenue of $95K, expenses of $79K, and assets of $24K (revenue -4.8% year-over-year).
- 2018: Revenue of $100K, expenses of $100K, and assets of $8K (revenue +16.6% year-over-year).
- 2017: Revenue of $86K, expenses of $96K, and assets of $8K (revenue -21.5% year-over-year).
- 2016: Revenue of $109K, expenses of $112K, and assets of $18K (revenue -8.3% year-over-year).
- 2015: Revenue of $119K, expenses of $213K, and assets of $20K (revenue +11.4% year-over-year).
- 2014: Revenue of $107K, expenses of $12K, and assets of $114K (revenue +7.2% year-over-year).
- 2013: Revenue of $100K, expenses of $91K, and assets of $19K (revenue +7.4% year-over-year).
- 2012: Revenue of $93K, expenses of $95K, and assets of $11K (revenue +10.3% year-over-year).
- 2011: Revenue of $84K, expenses of $76K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mars Research Inc:
Data Sources and Methodology
This transparency report for Mars Research 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.