Med I Assist Inc
EIN: 320212924 · Bluffton, SC · NTEE: E32
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $63K |
| Net Assets | $49K |
Is Med I Assist 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 I Assist Inc
Med I Assist Inc (EIN: 320212924) is a nonprofit organization based in Bluffton, SC, classified under NTEE code E32. The organization reported total revenue of $52K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Med I Assist Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Med I Assist Inc is a micro nonprofit that has been operating for 18 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $63K |
| Surplus / Deficit | $-11,748 |
| Total Assets | $49K |
| Net Assets | $49K |
| Operating Margin | -22.8% |
| Months of Reserves | 9.3 months |
Financial Health Grade: B
In 2023, Med I Assist Inc reported a deficit of $12K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Med I Assist Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.6% | +25.8% | -19.3% |
| 2022 | +108.4% | +10.5% | -15.1% |
| 2021 | -55.7% | +26.7% | -27.1% |
| 2020 | -8.4% | -34.3% | +16.8% |
| 2019 | -20.3% | -5.1% | +26.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Med I Assist 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 I Assist 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 $12K, with expenses exceeding revenue.
Frequently Asked Questions about Med I Assist Inc
Is Med I Assist Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Med I Assist Inc (EIN: 320212924) insufficient data. 0 red flags identified, 0 strengths noted.
How does Med I Assist Inc spend its money?
Detailed spending breakdown data is not yet available for Med I Assist Inc. Check back for updated IRS 990 analysis.
Are donations to Med I Assist Inc tax-deductible?
Med I Assist Inc is registered as a tax-exempt nonprofit (EIN: 320212924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Med I Assist Inc located?
Med I Assist Inc is headquartered in Bluffton, South Carolina and files with the IRS under EIN 320212924. It is classified under NTEE code E32.
How many years of IRS 990 filings does Med I Assist Inc have?
Med I Assist Inc has 8 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 $52K in total revenue.
Filing History
IRS 990 filing history for Med I Assist Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Med I Assist Inc's revenue has declined by 15%, moving from $61K to $52K. Total assets increased by 214.3% over the same period, from $16K to $49K. Total functional expenses rose by 40.6%, from $45K to $63K. In its most recent filing year (2023), Med I Assist Inc reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $63K | $49K | $0 | — | View 990 |
| 2022 | $40K | $50K | $61K | $0 | — | — |
| 2021 | $19K | $46K | $72K | $0 | — | — |
| 2020 | $43K | $36K | $98K | $0 | — | View 990 |
| 2019 | $47K | $55K | $84K | $0 | — | View 990 |
| 2018 | $59K | $58K | $67K | $0 | — | View 990 |
| 2017 | $63K | $38K | $25K | $0 | — | View 990 |
| 2016 | $61K | $45K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $63K, and assets of $49K (revenue +30.6% year-over-year).
- 2022: Revenue of $40K, expenses of $50K, and assets of $61K (revenue +108.4% year-over-year).
- 2021: Revenue of $19K, expenses of $46K, and assets of $72K (revenue -55.7% year-over-year).
- 2020: Revenue of $43K, expenses of $36K, and assets of $98K (revenue -8.4% year-over-year).
- 2019: Revenue of $47K, expenses of $55K, and assets of $84K (revenue -20.3% year-over-year).
- 2018: Revenue of $59K, expenses of $58K, and assets of $67K (revenue -6.7% year-over-year).
- 2017: Revenue of $63K, expenses of $38K, and assets of $25K (revenue +3.3% year-over-year).
- 2016: Revenue of $61K, expenses of $45K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Med I Assist Inc:
Data Sources and Methodology
This transparency report for Med I Assist 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.