Medical Device Innovation Consortium
EIN: 461465348 · Arlington, VA · NTEE: H99
| Metric | Value |
|---|---|
| Total Revenue | $28.2M |
| Total Expenses | $15.6M |
| Net Assets | $2.1M |
Is Medical Device Innovation Consortium Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Medical Device Innovation Consortium
Medical Device Innovation Consortium (EIN: 461465348) is a nonprofit organization based in Arlington, VA, classified under NTEE code H99. The organization reported total revenue of $28.2M and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medical Device Innovation Consortium's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Medical Device Innovation Consortium is a large nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 34.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.9M |
| Total Expenses | $15.6M |
| Surplus / Deficit | $-740,224 |
| Total Assets | $11.9M |
| Total Liabilities | $9.8M |
| Net Assets | $2.1M |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 82.4% |
| Months of Reserves | 9.1 months |
Financial Health Grade: C
In 2023, Medical Device Innovation Consortium reported a deficit of $740K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 82.4% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Medical Device Innovation Consortium's revenue has grown at a compound annual growth rate (CAGR) of 34.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | +9.8% | +3.1% |
| 2022 | -36.7% | -7.7% | +31.4% |
| 2021 | -21.2% | -21.3% | +36.0% |
| 2020 | +183.4% | +155.1% | +55.6% |
| 2019 | +9.7% | +46.2% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Medical Device Innovation Consortium 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 Medical Device Innovation Consortium 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 $740K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.4%.
Frequently Asked Questions about Medical Device Innovation Consortium
Is Medical Device Innovation Consortium a legitimate charity?
Medical Device Innovation Consortium (EIN: 461465348) is a registered tax-exempt nonprofit based in Virginia. It has 11 years of IRS 990 filings on record. Total revenue: $28.2M. No red flags identified. Financial health grade: C.
How does Medical Device Innovation Consortium spend its money?
Medical Device Innovation Consortium reported $28.2M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Medical Device Innovation Consortium tax-deductible?
Medical Device Innovation Consortium is registered as a tax-exempt nonprofit (EIN: 461465348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Medical Device Innovation Consortium located?
Medical Device Innovation Consortium is headquartered in Arlington, Virginia and files with the IRS under EIN 461465348. It is classified under NTEE code H99.
How many years of IRS 990 filings does Medical Device Innovation Consortium have?
Medical Device Innovation Consortium has 11 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 $28.2M in total revenue.
Filing History
IRS 990 filing history for Medical Device Innovation Consortium showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Medical Device Innovation Consortium's revenue has grown by 1802.5%, moving from $783K to $14.9M. Total assets increased by 1227.2% over the same period, from $894K to $11.9M. Total functional expenses rose by 3503.3%, from $434K to $15.6M. In its most recent filing year (2023), Medical Device Innovation Consortium reported a deficit of $740K, with expenses exceeding revenue. The organization holds $9.8M in liabilities against $11.9M in assets (debt-to-asset ratio: 82.4%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.9M | $15.6M | $11.9M | $9.8M | — | — |
| 2022 | $10.7M | $14.2M | $11.5M | $8.7M | — | View 990 |
| 2021 | $16.9M | $15.4M | $8.8M | $2.4M | — | View 990 |
| 2020 | $21.4M | $19.6M | $6.4M | $1.6M | — | — |
| 2019 | $7.6M | $7.7M | $4.1M | $1.1M | — | View 990 |
| 2018 | $6.9M | $5.3M | $3.7M | $582K | — | View 990 |
| 2017 | $4.8M | $4.5M | $2.7M | $1.2M | — | View 990 |
| 2016 | $2.6M | $2.4M | $3.3M | $2.1M | — | View 990 |
| 2015 | $2.0M | $1.5M | $2.2M | $1.1M | — | View 990 |
| 2014 | $1.5M | $1.2M | $1.5M | $946K | — | View 990 |
| 2013 | $783K | $434K | $894K | $538K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.9M, expenses of $15.6M, and assets of $11.9M (revenue +39.1% year-over-year).
- 2022: Revenue of $10.7M, expenses of $14.2M, and assets of $11.5M (revenue -36.7% year-over-year).
- 2021: Revenue of $16.9M, expenses of $15.4M, and assets of $8.8M (revenue -21.2% year-over-year).
- 2020: Revenue of $21.4M, expenses of $19.6M, and assets of $6.4M (revenue +183.4% year-over-year).
- 2019: Revenue of $7.6M, expenses of $7.7M, and assets of $4.1M (revenue +9.7% year-over-year).
- 2018: Revenue of $6.9M, expenses of $5.3M, and assets of $3.7M (revenue +43.5% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.5M, and assets of $2.7M (revenue +82.3% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.4M, and assets of $3.3M (revenue +32.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.5M, and assets of $2.2M (revenue +32.9% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.2M, and assets of $1.5M (revenue +90.6% year-over-year).
- 2013: Revenue of $783K, expenses of $434K, and assets of $894K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Medical Device Innovation Consortium:
Data Sources and Methodology
This transparency report for Medical Device Innovation Consortium 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.