Orthocarolina Research Institute Inc
Orthocarolina Research Institute Inc shows consistent zero officer compensation but recent operating deficits have reduced assets.
EIN: 10648145 · Charlotte, NC · NTEE: H50 · Updated: 2026-03-28
Is Orthocarolina Research Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Orthocarolina Research Institute Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Orthocarolina Research Institute Inc
Orthocarolina Research Institute Inc (EIN: 10648145) is a nonprofit organization based in Charlotte, NC, classified under NTEE code H50. The organization reported total revenue of $2.6M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Orthocarolina Research Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Orthocarolina Research Institute Inc is a mid-size nonprofit that has been operating for 24 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 | $1.8M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-455,682 |
| Total Assets | $3.7M |
| Total Liabilities | $667K |
| Net Assets | $3.0M |
| Operating Margin | -24.7% |
| Debt-to-Asset Ratio | 18.1% |
| Months of Reserves | 19.3 months |
Financial Health Grade: B
In 2023, Orthocarolina Research Institute Inc reported a deficit of $456K with expenses exceeding revenue, holds 19.3 months of operating reserves (strong position), has a debt-to-asset ratio of 18.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Orthocarolina Research Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | +12.9% | -3.6% |
| 2022 | -45.5% | -9.4% | -18.4% |
| 2021 | +44.5% | +5.5% | +24.8% |
| 2020 | -37.1% | -30.7% | +1.9% |
| 2019 | +60.9% | +45.3% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Orthocarolina Research Institute 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: 85%
- fundraising: 5%
According to IRS 990 filings, Orthocarolina Research Institute Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $456K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers received compensation from the organization. This is highly unusual for an organization with annual revenues exceeding $1.5 million and suggests that executive leadership may be compensated by an affiliated entity or serve in a pro bono capacity, which is a positive sign for resource allocation directly to mission.
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 Orthocarolina Research Institute Inc's IRS 990 filings:
- Expenses exceeded revenue in the last two reported periods (2022 and 2023), leading to a decline in assets.
- Lack of detailed functional expense breakdown in summary data makes it difficult to fully assess administrative and fundraising efficiency.
Strengths
The following positive indicators were identified for Orthocarolina Research Institute Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Long-term growth in assets, from $2,430,081 in 2015 to $3,695,403 in 2023, despite recent fluctuations.
- Focus on research (NTEE Code H50) suggests a clear programmatic mission.
Frequently Asked Questions about Orthocarolina Research Institute Inc
Is Orthocarolina Research Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Orthocarolina Research Institute Inc (EIN: 10648145) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Orthocarolina Research Institute Inc spend its money?
Orthocarolina Research Institute Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Orthocarolina Research Institute Inc tax-deductible?
Orthocarolina Research Institute Inc is registered as a tax-exempt nonprofit (EIN: 10648145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Orthocarolina Research Institute Inc a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its consistent zero officer compensation, suggesting a strong commitment to directing funds towards its mission. However, recent operating deficits (expenses exceeding revenue in 2022 and 2023) warrant monitoring.
What caused the decrease in assets from 2021 to 2023?
The decrease in assets from $4,697,920 in 2021 to $3,695,403 in 2023 is primarily due to expenses exceeding revenue in both 2022 ($2,039,263 expenses vs. $1,579,440 revenue) and 2023 ($2,302,760 expenses vs. $1,847,078 revenue).
How does the organization fund its operations without paying officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be compensated by an affiliated entity (e.g., Orthocarolina P.A.) or serve in a volunteer capacity, allowing the organization to allocate more of its direct revenue to research programs.
Filing History
IRS 990 filing history for Orthocarolina Research Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Orthocarolina Research Institute Inc's revenue has grown by 39.7%, moving from $1.3M to $1.8M. Total assets increased by 83.8% over the same period, from $2.0M to $3.7M. Total functional expenses rose by 113.7%, from $1.1M to $2.3M. In its most recent filing year (2023), Orthocarolina Research Institute Inc reported a deficit of $456K, with expenses exceeding revenue. The organization holds $667K in liabilities against $3.7M in assets (debt-to-asset ratio: 18.1%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.3M | $3.7M | $667K | — | — |
| 2022 | $1.6M | $2.0M | $3.8M | $356K | — | View 990 |
| 2021 | $2.9M | $2.3M | $4.7M | $277K | — | View 990 |
| 2020 | $2.0M | $2.1M | $3.8M | $349K | — | — |
| 2019 | $3.2M | $3.1M | $3.7M | $400K | — | View 990 |
| 2018 | $2.0M | $2.1M | $3.2M | $449K | — | View 990 |
| 2017 | $2.3M | $1.9M | $3.4M | $397K | — | — |
| 2016 | $2.1M | $1.9M | $2.8M | $334K | — | View 990 |
| 2015 | $1.5M | $1.6M | $2.4M | $241K | — | View 990 |
| 2014 | $1.5M | $1.5M | $2.6M | $222K | — | View 990 |
| 2013 | $1.7M | $1.5M | $2.7M | $209K | — | View 990 |
| 2012 | $1.3M | $1.2M | $2.3M | $263K | — | View 990 |
| 2011 | $1.3M | $1.1M | $2.0M | $180K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.3M, and assets of $3.7M (revenue +16.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $2.0M, and assets of $3.8M (revenue -45.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.3M, and assets of $4.7M (revenue +44.5% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.1M, and assets of $3.8M (revenue -37.1% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.1M, and assets of $3.7M (revenue +60.9% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.1M, and assets of $3.2M (revenue -15.6% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.9M, and assets of $3.4M (revenue +9.6% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.9M, and assets of $2.8M (revenue +41.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $2.4M (revenue +0.9% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $2.6M (revenue -11.0% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.5M, and assets of $2.7M (revenue +33.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $2.3M (revenue -4.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.1M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Orthocarolina Research Institute Inc:
Data Sources and Methodology
This transparency report for Orthocarolina Research 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.