Medical Letter Inc
Medical Letter Inc maintains stable finances with no reported executive compensation.
EIN: 131881832 · Larchmont, NY · NTEE: A330 · Updated: 2026-03-28
Is Medical Letter Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Medical Letter Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Medical Letter Inc
Medical Letter Inc (EIN: 131881832) is a nonprofit organization based in Larchmont, NY, classified under NTEE code A330. The organization reported total revenue of $5.6M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medical Letter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Medical Letter Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Medical Letter Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly unusual for an organization with annual revenues exceeding $4 million.
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 Medical Letter Inc's IRS 990 filings:
- Significant decline in assets from 2014 to 2018 without clear explanation in provided data.
Strengths
The following positive indicators were identified for Medical Letter Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
- Stable revenue generation over the past several years, typically between $4M and $5M.
- Positive trend in asset recovery since 2018, increasing from $3.4M to $4.4M.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Frequently Asked Questions about Medical Letter Inc
Is Medical Letter Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Medical Letter Inc (EIN: 131881832) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Medical Letter Inc spend its money?
Medical Letter Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Medical Letter Inc tax-deductible?
Medical Letter Inc is registered as a tax-exempt nonprofit (EIN: 131881832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Medical Letter Inc a good charity?
Based on the available data, Medical Letter Inc appears to be a financially stable organization with a strong commitment to minimizing executive compensation, which is a positive indicator of efficiency. However, a full assessment would require more detailed spending breakdowns.
How has Medical Letter Inc's financial health changed over time?
The organization experienced a significant decline in assets from $8,751,635 in 201406 to $3,402,124 in 201806, but has since shown a recovery, reaching $4,462,819 in 202306. Revenues have remained relatively stable, generally between $4 million and $5 million annually.
What is the significance of 0% officer compensation?
0% officer compensation means that the organization's leadership is not receiving salaries from the nonprofit. This is a highly positive indicator for donors, as it suggests that a greater proportion of funds can be allocated directly to programmatic activities rather than administrative overhead.
Filing History
IRS 990 filing history for Medical Letter Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Medical Letter Inc's revenue has declined by 28.6%, moving from $6.1M to $4.3M. Total assets decreased by 56% over the same period, from $10.1M to $4.5M. Total functional expenses fell by 22.4%, from $5.6M to $4.4M. In its most recent filing year (2023), Medical Letter Inc reported a deficit of $41K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $4.5M in assets (debt-to-asset ratio: 78.9%), resulting in net assets of $940K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.4M | $4.5M | $3.5M | — | — |
| 2022 | $4.6M | $4.3M | $4.2M | $3.3M | — | View 990 |
| 2021 | $5.1M | $4.4M | $4.2M | $3.3M | — | — |
| 2020 | $4.6M | $4.5M | $3.9M | $3.8M | — | View 990 |
| 2019 | $4.7M | $4.5M | $3.5M | $3.6M | — | View 990 |
| 2018 | $4.4M | $4.8M | $3.4M | $3.6M | — | View 990 |
| 2017 | $4.1M | $5.4M | $3.8M | $3.6M | — | View 990 |
| 2016 | $4.0M | $5.4M | $5.0M | $3.5M | — | View 990 |
| 2015 | $4.2M | $5.7M | $6.6M | $3.6M | — | View 990 |
| 2014 | $5.0M | $5.5M | $8.8M | $4.1M | — | View 990 |
| 2013 | $5.5M | $5.5M | $9.4M | $4.5M | — | View 990 |
| 2012 | $5.9M | $5.5M | $10.1M | $5.1M | — | View 990 |
| 2011 | $6.1M | $5.6M | $10.1M | $5.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.4M, and assets of $4.5M (revenue -6.2% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.3M, and assets of $4.2M (revenue -9.4% year-over-year).
- 2021: Revenue of $5.1M, expenses of $4.4M, and assets of $4.2M (revenue +9.7% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.5M, and assets of $3.9M (revenue -0.4% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.5M, and assets of $3.5M (revenue +5.1% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.8M, and assets of $3.4M (revenue +8.7% year-over-year).
- 2017: Revenue of $4.1M, expenses of $5.4M, and assets of $3.8M (revenue +2.6% year-over-year).
- 2016: Revenue of $4.0M, expenses of $5.4M, and assets of $5.0M (revenue -4.8% year-over-year).
- 2015: Revenue of $4.2M, expenses of $5.7M, and assets of $6.6M (revenue -17.1% year-over-year).
- 2014: Revenue of $5.0M, expenses of $5.5M, and assets of $8.8M (revenue -8.4% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.5M, and assets of $9.4M (revenue -7.0% year-over-year).
- 2012: Revenue of $5.9M, expenses of $5.5M, and assets of $10.1M (revenue -2.4% year-over-year).
- 2011: Revenue of $6.1M, expenses of $5.6M, and assets of $10.1M.
Data Sources and Methodology
This transparency report for Medical Letter 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.