Medical Loan Closet Of Wichita Inc
EIN: 900753211 · Wichita, KS · NTEE: E19
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Net Assets | $669K |
Is Medical Loan Closet Of Wichita Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Medical Loan Closet Of Wichita Inc
Medical Loan Closet Of Wichita Inc (EIN: 900753211) is a nonprofit organization based in Wichita, KS, classified under NTEE code E19. The organization reported total revenue of $1.2M and total assets of $716K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medical Loan Closet Of Wichita Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Medical Loan Closet Of Wichita Inc is a mid-size nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $741K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-496,606 |
| Total Assets | $669K |
| Total Liabilities | $338 |
| Net Assets | $669K |
| Operating Margin | -67.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 6.5 months |
Financial Health Grade: B
In 2023, Medical Loan Closet Of Wichita Inc reported a deficit of $497K with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Medical Loan Closet Of Wichita Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.8% | +64.3% | -42.6% |
| 2022 | +33.7% | +0.9% | +80.6% |
| 2021 | +69.1% | +26.9% | +47.0% |
| 2020 | -20.8% | -37.0% | -5.6% |
| 2019 | -35.5% | +22.4% | -32.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Medical Loan Closet Of Wichita 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 Medical Loan Closet Of Wichita 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 $497K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Medical Loan Closet Of Wichita Inc
Is Medical Loan Closet Of Wichita Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Medical Loan Closet Of Wichita Inc (EIN: 900753211) insufficient data. 0 red flags identified, 0 strengths noted.
How does Medical Loan Closet Of Wichita Inc spend its money?
Detailed spending breakdown data is not yet available for Medical Loan Closet Of Wichita Inc. Check back for updated IRS 990 analysis.
Are donations to Medical Loan Closet Of Wichita Inc tax-deductible?
Medical Loan Closet Of Wichita Inc is registered as a tax-exempt nonprofit (EIN: 900753211). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Medical Loan Closet Of Wichita Inc located?
Medical Loan Closet Of Wichita Inc is headquartered in Wichita, Kansas and files with the IRS under EIN 900753211. It is classified under NTEE code E19.
How many years of IRS 990 filings does Medical Loan Closet Of Wichita Inc have?
Medical Loan Closet Of Wichita Inc has 10 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Medical Loan Closet Of Wichita Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Medical Loan Closet Of Wichita Inc's revenue has grown by 420.5%, moving from $142K to $741K. Total assets increased by 253.4% over the same period, from $189K to $669K. Total functional expenses rose by 1009.7%, from $112K to $1.2M. In its most recent filing year (2023), Medical Loan Closet Of Wichita Inc reported a deficit of $497K, with expenses exceeding revenue. The organization holds $338 in liabilities against $669K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $669K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $741K | $1.2M | $669K | $338 | — | View 990 |
| 2022 | $1.3M | $753K | $1.2M | $0 | — | View 990 |
| 2021 | $953K | $746K | $645K | $0 | — | View 990 |
| 2020 | $563K | $588K | $439K | $0 | — | View 990 |
| 2019 | $712K | $934K | $465K | $0 | — | View 990 |
| 2018 | $1.1M | $763K | $687K | $0 | — | View 990 |
| 2017 | $95K | $53K | $347K | $0 | — | View 990 |
| 2016 | $24K | $21K | $469K | $7K | — | View 990 |
| 2015 | $156K | $121K | $224K | $0 | — | — |
| 2014 | $142K | $112K | $189K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $741K, expenses of $1.2M, and assets of $669K (revenue -41.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $753K, and assets of $1.2M (revenue +33.7% year-over-year).
- 2021: Revenue of $953K, expenses of $746K, and assets of $645K (revenue +69.1% year-over-year).
- 2020: Revenue of $563K, expenses of $588K, and assets of $439K (revenue -20.8% year-over-year).
- 2019: Revenue of $712K, expenses of $934K, and assets of $465K (revenue -35.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $763K, and assets of $687K (revenue +1060.2% year-over-year).
- 2017: Revenue of $95K, expenses of $53K, and assets of $347K (revenue +290.0% year-over-year).
- 2016: Revenue of $24K, expenses of $21K, and assets of $469K (revenue -84.3% year-over-year).
- 2015: Revenue of $156K, expenses of $121K, and assets of $224K (revenue +9.3% year-over-year).
- 2014: Revenue of $142K, expenses of $112K, and assets of $189K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Medical Loan Closet Of Wichita Inc:
Data Sources and Methodology
This transparency report for Medical Loan Closet Of Wichita 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.