National Institute Forpharmaceutical Technology And Educa
EIN: 260636598 · Minneapolis, MN · NTEE: T12
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.6M |
| Net Assets | $605K |
Is National Institute Forpharmaceutical Technology And Educa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About National Institute Forpharmaceutical Technology And Educa
National Institute Forpharmaceutical Technology And Educa (EIN: 260636598) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code T12. The organization reported total revenue of $3.0M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Institute Forpharmaceutical Technology And Educa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Institute Forpharmaceutical Technology And Educa is a mid-size nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-76,804 |
| Total Assets | $1.4M |
| Total Liabilities | $763K |
| Net Assets | $605K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 55.8% |
| Months of Reserves | 10.5 months |
Financial Health Grade: C
In 2023, National Institute Forpharmaceutical Technology And Educa reported a deficit of $77K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 55.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), National Institute Forpharmaceutical Technology And Educa's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.9% | +35.8% | +28.1% |
| 2022 | -16.1% | -5.0% | -17.6% |
| 2021 | -53.9% | -51.3% | -32.8% |
| 2020 | -1.0% | -2.0% | -58.7% |
| 2019 | -18.5% | -21.3% | -31.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for National Institute Forpharmaceutical Technology And Educa 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 National Institute Forpharmaceutical Technology And Educa 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 $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.8%.
Frequently Asked Questions about National Institute Forpharmaceutical Technology And Educa
Is National Institute Forpharmaceutical Technology And Educa a legitimate charity?
Based on AI analysis of IRS 990 filings, National Institute Forpharmaceutical Technology And Educa (EIN: 260636598) insufficient data. 0 red flags identified, 0 strengths noted.
How does National Institute Forpharmaceutical Technology And Educa spend its money?
Detailed spending breakdown data is not yet available for National Institute Forpharmaceutical Technology And Educa. Check back for updated IRS 990 analysis.
Are donations to National Institute Forpharmaceutical Technology And Educa tax-deductible?
National Institute Forpharmaceutical Technology And Educa is registered as a tax-exempt nonprofit (EIN: 260636598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is National Institute Forpharmaceutical Technology And Educa located?
National Institute Forpharmaceutical Technology And Educa is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 260636598. It is classified under NTEE code T12.
How many years of IRS 990 filings does National Institute Forpharmaceutical Technology And Educa have?
National Institute Forpharmaceutical Technology And Educa has 12 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 $3.0M in total revenue.
Filing History
IRS 990 filing history for National Institute Forpharmaceutical Technology And Educa showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), National Institute Forpharmaceutical Technology And Educa's revenue has grown by 15.9%, moving from $1.3M to $1.5M. Total assets increased by 93% over the same period, from $709K to $1.4M. Total functional expenses rose by 11.8%, from $1.4M to $1.6M. In its most recent filing year (2023), National Institute Forpharmaceutical Technology And Educa reported a deficit of $77K, with expenses exceeding revenue. The organization holds $763K in liabilities against $1.4M in assets (debt-to-asset ratio: 55.8%), resulting in net assets of $605K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $1.4M | $763K | — | — |
| 2022 | $998K | $1.2M | $1.1M | $245K | — | View 990 |
| 2021 | $1.2M | $1.2M | $1.3M | $304K | — | View 990 |
| 2020 | $2.6M | $2.5M | $1.9M | $421K | — | View 990 |
| 2019 | $2.6M | $2.5M | $4.7M | $3.2M | — | View 990 |
| 2018 | $3.2M | $3.2M | $6.8M | $5.5M | — | View 990 |
| 2017 | $4.4M | $3.8M | $5.2M | $3.9M | — | View 990 |
| 2016 | $2.1M | $1.9M | $7.0M | $6.2M | — | View 990 |
| 2015 | $1.6M | $1.4M | $675K | $129K | — | View 990 |
| 2014 | $1.3M | $1.2M | $738K | $552K | — | View 990 |
| 2013 | $1.3M | $1.4M | $543K | $434K | — | View 990 |
| 2012 | $1.3M | $1.4M | $709K | $495K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $1.4M (revenue +48.9% year-over-year).
- 2022: Revenue of $998K, expenses of $1.2M, and assets of $1.1M (revenue -16.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $1.3M (revenue -53.9% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.5M, and assets of $1.9M (revenue -1.0% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.5M, and assets of $4.7M (revenue -18.5% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.2M, and assets of $6.8M (revenue -27.4% year-over-year).
- 2017: Revenue of $4.4M, expenses of $3.8M, and assets of $5.2M (revenue +109.6% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.9M, and assets of $7.0M (revenue +30.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.4M, and assets of $675K (revenue +27.5% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $738K (revenue -5.2% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $543K (revenue +4.1% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $709K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Institute Forpharmaceutical Technology And Educa:
Data Sources and Methodology
This transparency report for National Institute Forpharmaceutical Technology And Educa 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.