Med Aditus Foundation Inc
EIN: 844097890 · Raleigh, NC · NTEE: E99
Is Med Aditus Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Med Aditus Foundation Inc
Med Aditus Foundation Inc (EIN: 844097890) is a nonprofit organization based in Raleigh, NC, classified under NTEE code E99. The organization reported total revenue of $534K and total assets of $417K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Med Aditus Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Med Aditus Foundation Inc is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 19.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $216K |
| Total Expenses | $229K |
| Surplus / Deficit | $-13,617 |
| Total Assets | $66K |
| Total Liabilities | $176K |
| Net Assets | $-109,818 |
| Operating Margin | -6.3% |
| Debt-to-Asset Ratio | 266.5% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2023, Med Aditus Foundation Inc reported a deficit of $14K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 266.5% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Med Aditus Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +93.4% | +24.8% | +481.4% |
| 2022 | -46.9% | -21.7% | -83.5% |
| 2021 | +64.8% | +85.8% | +163.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Med Aditus Foundation 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 Med Aditus Foundation 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 266.5%.
Frequently Asked Questions about Med Aditus Foundation Inc
Is Med Aditus Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Med Aditus Foundation Inc (EIN: 844097890) insufficient data. 0 red flags identified, 0 strengths noted.
How does Med Aditus Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Med Aditus Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Med Aditus Foundation Inc tax-deductible?
Med Aditus Foundation Inc is registered as a tax-exempt nonprofit (EIN: 844097890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Med Aditus Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Med Aditus Foundation Inc's revenue has grown by 69.5%, moving from $127K to $216K. Total assets increased by 152.4% over the same period, from $26K to $66K. Total functional expenses rose by 81.5%, from $126K to $229K. In its most recent filing year (2023), Med Aditus Foundation Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $176K in liabilities against $66K in assets (debt-to-asset ratio: 266.5%), resulting in net assets of $-109,818.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $216K | $229K | $66K | $176K | — | — |
| 2022 | $111K | $184K | $11K | $108K | — | View 990 |
| 2021 | $210K | $235K | $69K | $93K | — | View 990 |
| 2020 | $127K | $126K | $26K | $25K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $216K, expenses of $229K, and assets of $66K (revenue +93.4% year-over-year).
- 2022: Revenue of $111K, expenses of $184K, and assets of $11K (revenue -46.9% year-over-year).
- 2021: Revenue of $210K, expenses of $235K, and assets of $69K (revenue +64.8% year-over-year).
- 2020: Revenue of $127K, expenses of $126K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Med Aditus Foundation Inc:
Data Sources and Methodology
This transparency report for Med Aditus Foundation 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.