Research Institute For Fragrance Materials Inc
Fragrance Research Institute: Stable Revenue, High Program Spending
EIN: 221822067 · Mahwah, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.2M |
| Total Expenses | $12.1M |
| Program Spending | 85% |
| Net Assets | $6.9M |
| Transparency Score | 85/100 |
Is Research Institute For Fragrance Materials Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Research Institute For Fragrance Materials Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Research Institute For Fragrance Materials Inc
Research Institute For Fragrance Materials Inc (EIN: 221822067) is a nonprofit organization based in Mahwah, NJ. The organization reported total revenue of $12.2M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Research Institute For Fragrance Materials Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Research Institute For Fragrance Materials Inc is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.2M |
| Total Expenses | $12.1M |
| Surplus / Deficit | +$101K |
| Total Assets | $13.3M |
| Total Liabilities | $6.4M |
| Net Assets | $6.9M |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 48.3% |
| Months of Reserves | 13.2 months |
Financial Health Grade: A
In 2023, Research Institute For Fragrance Materials Inc reported a surplus of $101K with revenue exceeding expenses, holds 13.2 months of operating reserves (strong position), has a debt-to-asset ratio of 48.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Research Institute For Fragrance Materials Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +12.0% | +5.0% |
| 2022 | -2.4% | +0.3% | -1.9% |
| 2021 | +70.6% | -12.5% | +23.0% |
| 2020 | -1.7% | +6.3% | -34.4% |
| 2019 | -46.3% | +1.5% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
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 Research Institute For Fragrance Materials 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, Research Institute For Fragrance Materials 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 surplus of $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries.
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.
Strengths
The following positive indicators were identified for Research Institute For Fragrance Materials Inc:
- Consistent revenue generation, averaging over $12 million annually in recent years.
- High percentage of expenses dedicated to programs, indicating a strong focus on its core mission.
- Stable asset base, demonstrating financial health and long-term viability.
- Low administrative and fundraising overhead based on available expense data.
Frequently Asked Questions about Research Institute For Fragrance Materials Inc
Is Research Institute For Fragrance Materials Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Research Institute For Fragrance Materials Inc (EIN: 221822067) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Research Institute For Fragrance Materials Inc spend its money?
Research Institute For Fragrance Materials Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Research Institute For Fragrance Materials Inc tax-deductible?
Research Institute For Fragrance Materials Inc is registered as a tax-exempt nonprofit (EIN: 221822067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Research Institute For Fragrance Materials Inc's spending goes to programs?
Research Institute For Fragrance Materials Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Research Institute For Fragrance Materials Inc located?
Research Institute For Fragrance Materials Inc is headquartered in Mahwah, New Jersey and files with the IRS under EIN 221822067.
How many years of IRS 990 filings does Research Institute For Fragrance Materials Inc have?
Research Institute For Fragrance Materials 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 $12.2M in total revenue.
What does Research Institute For Fragrance Materials Inc do?
Research Institute For Fragrance Materials Inc is a nonprofit organization in the Unknown sector, located in Mahwah, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Research Institute For Fragrance Materials Inc have?
Research Institute For Fragrance Materials Inc reported total revenue of $12,184,125. Based on 13 IRS 990 filings on record.
What are Research Institute For Fragrance Materials Inc's total assets?
Research Institute For Fragrance Materials Inc holds total assets of $12,243,151 as reported in IRS 990 filings.
Where is Research Institute For Fragrance Materials Inc located?
Research Institute For Fragrance Materials Inc is based in Mahwah, New Jersey.
What is Research Institute For Fragrance Materials Inc's EIN?
Research Institute For Fragrance Materials Inc's Employer Identification Number (EIN) is 221822067. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Research Institute For Fragrance Materials Inc?
Research Institute For Fragrance Materials Inc is classified under NTEE code Unknown (Unknown).
Is Research Institute For Fragrance Materials Inc a registered 501(c)(3)?
Research Institute For Fragrance Materials Inc appears in IRS records (EIN: 221822067). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Research Institute For Fragrance Materials Inc file IRS Form 990?
Yes, Research Institute For Fragrance Materials Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Research Institute For Fragrance Materials Inc's revenue in 2023?
In the 202312 filing period, Research Institute For Fragrance Materials Inc reported total revenue of $12,195,374, total expenses of $12,094,379, and net assets of $13,321,875.
Is Research Institute For Fragrance Materials Inc's revenue growing or declining?
Research Institute For Fragrance Materials Inc's revenue is relatively stable. Revenue went from $11,951,894 (202212) to $12,195,374 (202312), a +2.0% change. Based on 13 filings on record.
What is Research Institute For Fragrance Materials Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Research Institute For Fragrance Materials Inc covers tax period 202312. It shows revenue of $12,195,374, expenses of $12,094,379, total assets of $13,321,875, and liabilities of $6,428,671.
How much does Research Institute For Fragrance Materials Inc spend on programs vs administration?
Based on IRS 990 analysis, Research Institute For Fragrance Materials Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Research Institute For Fragrance Materials Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Research Institute For Fragrance Materials Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Research Institute For Fragrance Materials Inc's strengths?
Positive indicators for Research Institute For Fragrance Materials Inc include: Consistent revenue generation, averaging over $12 million annually in recent years.. High percentage of expenses dedicated to programs, indicating a strong focus on its core mission.. Stable asset base, demonstrating financial health and long-term viability.. Low administrative and fundraising overhead based on available expense data.. These findings are derived from AI analysis of the organization's financial filings.
How does Research Institute For Fragrance Materials Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the consistent 0% lobbying expenditure impact the organization's ability to influence policy related to fragrance materials?
The consistent 0% lobbying expenditure suggests that the Research Institute For Fragrance Materials Inc. primarily focuses on scientific research and data dissemination rather than direct policy advocacy. This approach might limit its direct influence on legislative or regulatory changes, relying instead on the scientific merit of its findings to inform stakeholders.
Given the stable revenue and asset base, what strategic initiatives could the organization pursue to further its mission without significantly increasing its administrative or fundraising burden?
With a stable financial foundation, the organization could explore strategic partnerships with academic institutions or industry bodies to leverage shared resources for research, invest in open-access publication platforms to broaden the reach of its findings, or develop educational programs for consumers and professionals, all of which could amplify its impact without substantially altering its current spending breakdown.
Filing History
IRS 990 filing history for Research Institute For Fragrance Materials Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Research Institute For Fragrance Materials Inc's revenue has grown by 36%, moving from $9.0M to $12.2M. Total assets increased by 124.3% over the same period, from $5.9M to $13.3M. Total functional expenses rose by 19.4%, from $10.1M to $12.1M. In its most recent filing year (2023), Research Institute For Fragrance Materials Inc reported a surplus of $101K, with revenue exceeding expenses. The organization holds $6.4M in liabilities against $13.3M in assets (debt-to-asset ratio: 48.3%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.2M | $12.1M | $13.3M | $6.4M | — | — |
| 2022 | $12.0M | $10.8M | $12.7M | $6.7M | — | View 990 |
| 2021 | $12.3M | $10.8M | $12.9M | $7.2M | — | View 990 |
| 2020 | $7.2M | $12.3M | $10.5M | $6.9M | — | View 990 |
| 2019 | $7.3M | $11.6M | $16.0M | $6.4M | — | View 990 |
| 2018 | $13.6M | $11.4M | $19.6M | $7.0M | — | View 990 |
| 2017 | $13.2M | $12.2M | $17.9M | $6.8M | — | View 990 |
| 2016 | $12.7M | $12.0M | $17.6M | $8.4M | — | View 990 |
| 2015 | $13.3M | $12.2M | $16.3M | $8.4M | — | View 990 |
| 2014 | $14.6M | $12.7M | $13.9M | $6.9M | — | View 990 |
| 2013 | $14.0M | $13.4M | $11.6M | $6.8M | — | View 990 |
| 2012 | $11.0M | $10.5M | $6.2M | $2.5M | — | View 990 |
| 2011 | $9.0M | $10.1M | $5.9M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.2M, expenses of $12.1M, and assets of $13.3M (revenue +2.0% year-over-year).
- 2022: Revenue of $12.0M, expenses of $10.8M, and assets of $12.7M (revenue -2.4% year-over-year).
- 2021: Revenue of $12.3M, expenses of $10.8M, and assets of $12.9M (revenue +70.6% year-over-year).
- 2020: Revenue of $7.2M, expenses of $12.3M, and assets of $10.5M (revenue -1.7% year-over-year).
- 2019: Revenue of $7.3M, expenses of $11.6M, and assets of $16.0M (revenue -46.3% year-over-year).
- 2018: Revenue of $13.6M, expenses of $11.4M, and assets of $19.6M (revenue +3.1% year-over-year).
- 2017: Revenue of $13.2M, expenses of $12.2M, and assets of $17.9M (revenue +3.8% year-over-year).
- 2016: Revenue of $12.7M, expenses of $12.0M, and assets of $17.6M (revenue -4.6% year-over-year).
- 2015: Revenue of $13.3M, expenses of $12.2M, and assets of $16.3M (revenue -9.1% year-over-year).
- 2014: Revenue of $14.6M, expenses of $12.7M, and assets of $13.9M (revenue +4.6% year-over-year).
- 2013: Revenue of $14.0M, expenses of $13.4M, and assets of $11.6M (revenue +27.4% year-over-year).
- 2012: Revenue of $11.0M, expenses of $10.5M, and assets of $6.2M (revenue +22.4% year-over-year).
- 2011: Revenue of $9.0M, expenses of $10.1M, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Research Institute For Fragrance Materials Inc:
Data Sources and Methodology
This transparency report for Research Institute For Fragrance Materials 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.