Myrin Institute Inc
Myrin Institute Inc consistently spends more than it earns, relying on substantial assets.
EIN: 111857581 · Gt Barrington, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $905K |
| Total Expenses | $1.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $15.4 |
| Net Assets | $14.2M |
| Transparency Score | 65/100 |
Is Myrin Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Myrin Institute Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Myrin Institute Inc
Myrin Institute Inc (EIN: 111857581) is a nonprofit organization based in Gt Barrington, MA. The organization reported total revenue of $905K and total assets of $15.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Myrin Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Myrin Institute Inc is a small nonprofit that has been operating for 72 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $86K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-1,051,461 |
| Total Assets | $14.2M |
| Total Liabilities | $1 |
| Net Assets | $14.2M |
| Operating Margin | -1224.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 149.4 months |
Financial Health Grade: B
In 2023, Myrin Institute Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 149.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Myrin Institute Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.9% | +12.5% | +16.4% |
| 2022 | +0.2% | +14.4% | -23.6% |
| 2021 | -30.5% | +7.1% | +8.3% |
| 2020 | +85.5% | +29.3% | +12.6% |
| 2019 | -18.8% | +36.4% | +18.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1954 |
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 Myrin Institute Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Myrin Institute Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, suggesting either a volunteer executive team or that compensation is categorized differently, which limits transparency regarding leadership costs relative to the organization's $15.4 million in assets.
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 Myrin Institute Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years (e.g., 2023, 2022)
- Unusually low and consistent $1 reported liabilities across multiple filings, which may obscure true financial obligations
- No reported officer compensation, which could be a lack of transparency if executives are compensated through other means
Strengths
The following positive indicators were identified for Myrin Institute Inc:
- Substantial asset base ($15,440,401) providing financial stability and reserves
- Long operating history with 10 IRS 990 filings available
- Zero reported officer compensation, potentially indicating efficient use of funds if leadership is volunteer-based
Frequently Asked Questions about Myrin Institute Inc
Is Myrin Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Myrin Institute Inc (EIN: 111857581) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Myrin Institute Inc spend its money?
Myrin Institute Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Myrin Institute Inc tax-deductible?
Myrin Institute Inc is registered as a tax-exempt nonprofit (EIN: 111857581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Myrin Institute Inc CEO make?
Myrin Institute Inc's highest-compensated officer earns $15.4 annually. The organization reported $905K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Myrin Institute Inc's spending goes to programs?
Myrin Institute Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Myrin Institute Inc located?
Myrin Institute Inc is headquartered in Gt Barrington, Massachusetts and files with the IRS under EIN 111857581.
How many years of IRS 990 filings does Myrin Institute Inc have?
Myrin Institute 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 $905K in total revenue.
Is Myrin Institute Inc a good charity?
The Myrin Institute Inc has substantial assets ($15.4M) and a history of operations. However, recent years show expenses exceeding revenue (e.g., $1.1M expenses vs. $85K revenue in 2023), which is a concern for long-term sustainability if not addressed by other funding sources or asset utilization. The lack of reported officer compensation is unusual and could be a positive for efficiency or a transparency gap.
Why are liabilities consistently reported as $1?
The consistent reporting of $1 in liabilities across multiple recent IRS 990 filings (2019-2023) is highly unusual for an organization of its size and asset base. This could indicate a specific accounting method for certain liabilities, a reporting error, or that most liabilities are offset by specific assets, but it warrants further scrutiny for full financial transparency.
How does the organization cover its expenses when revenue is lower?
In recent years, such as 2023 where expenses were $1,137,314 and revenue was only $85,853, the organization appears to be covering its operational costs by drawing down on its significant asset base ($15,440,401) or through investment income not categorized as 'Revenue' in the provided summary.
Filing History
IRS 990 filing history for Myrin Institute Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Myrin Institute Inc's revenue has declined by 82.3%, moving from $486K to $86K. Total assets increased by 62.2% over the same period, from $8.7M to $14.2M. Total functional expenses rose by 64.1%, from $693K to $1.1M. In its most recent filing year (2023), Myrin Institute Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $14.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86K | $1.1M | $14.2M | $1 | — | — |
| 2022 | $849K | $1.0M | $12.2M | $1 | — | View 990 |
| 2021 | $847K | $884K | $15.9M | $1 | — | View 990 |
| 2020 | $1.2M | $825K | $14.7M | $1 | — | View 990 |
| 2019 | $657K | $638K | $13.1M | $1 | — | — |
| 2015 | $809K | $468K | $11.0M | $42K | — | View 990 |
| 2014 | $975K | $295K | $12.0M | $48K | — | View 990 |
| 2013 | $670K | $271K | $11.3M | $54K | — | View 990 |
| 2012 | $631K | $484K | $9.4M | $58K | — | View 990 |
| 2011 | $486K | $693K | $8.7M | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86K, expenses of $1.1M, and assets of $14.2M (revenue -89.9% year-over-year).
- 2022: Revenue of $849K, expenses of $1.0M, and assets of $12.2M (revenue +0.2% year-over-year).
- 2021: Revenue of $847K, expenses of $884K, and assets of $15.9M (revenue -30.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $825K, and assets of $14.7M (revenue +85.5% year-over-year).
- 2019: Revenue of $657K, expenses of $638K, and assets of $13.1M (revenue -18.8% year-over-year).
- 2015: Revenue of $809K, expenses of $468K, and assets of $11.0M (revenue -17.1% year-over-year).
- 2014: Revenue of $975K, expenses of $295K, and assets of $12.0M (revenue +45.6% year-over-year).
- 2013: Revenue of $670K, expenses of $271K, and assets of $11.3M (revenue +6.2% year-over-year).
- 2012: Revenue of $631K, expenses of $484K, and assets of $9.4M (revenue +29.8% year-over-year).
- 2011: Revenue of $486K, expenses of $693K, and assets of $8.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Myrin Institute Inc:
Data Sources and Methodology
This transparency report for Myrin Institute 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.