Medical Letter Inc
Medical Letter Inc maintains stable finances with no reported executive compensation.
EIN: 131881832 · Larchmont, NY · NTEE: A330 · Updated: 2026-03-28
Source Check Matrix
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Identity resolved verified
Medical Letter Inc is mapped to EIN 131881832.
IRS BMF exempt record needs review
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13 stored filing years available.
Raw 990 source linked
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13 stored filing years available.
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Source and Resolution Links
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Workflow Engine
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13 stored filing years plus ProPublica source
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Triggered by: program expense ratio, CEO salary, revenue, grants
90% program spend, health grade C
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| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $4.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $940K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Medical Letter Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Medical Letter Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Medical Letter Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $4.3M and expenses of $4.4M.
Revenue and Expenses
Medical Letter Inc reported $4.3M in revenue and $4.4M in expenses, a deficit of $41K.
Executive Compensation
Top officer compensation appears as $4 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.9M (90%) |
Across stored filings, Medical Letter Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Arts & Culture context |
Trust Check
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Larchmont, NY nonprofitsArts & Culture in New York
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Research Workflow
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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.
Organization Overview
Medical Letter Inc is a mid-size nonprofit that has been operating for 65 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-41,362 |
| Total Assets | $4.5M |
| Total Liabilities | $3.5M |
| Net Assets | $940K |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 78.9% |
| Months of Reserves | 12.3 months |
Financial Health Grade: C
In 2023, Medical Letter Inc reported a deficit of $41K with expenses exceeding revenue, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 78.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Medical Letter Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | +1.8% | +6.4% |
| 2022 | -9.4% | -3.4% | +0.9% |
| 2021 | +9.7% | -1.6% | +6.9% |
| 2020 | -0.4% | -0.3% | +11.1% |
| 2019 | +5.1% | -5.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1961 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.9%.
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?
Medical Letter Inc (EIN: 131881832) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.6M. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Medical Letter Inc spend its money?
Medical Letter Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
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.
How much does the Medical Letter Inc CEO make?
Medical Letter Inc's highest-compensated officer earns $4 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Medical Letter Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Medical Letter Inc is above average for NTEE category A330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Medical Letter Inc located?
Medical Letter Inc is headquartered in Larchmont, New York and files with the IRS under EIN 131881832. It is classified under NTEE code A330.
How many years of IRS 990 filings does Medical Letter Inc have?
Medical Letter 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 $5.6M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Medical Letter Inc:
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.