Spendlove Medical Researchinstitute
Spendlove Medical Researchinstitute reports a massive revenue surge in 2022 with minimal expenses and zero executive compensation.
EIN: 203860924 · Logan, UT · NTEE: H99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $15K |
| Program Spending | 90% |
| Net Assets | $3.1M |
| Transparency Score | 85/100 |
Is Spendlove Medical Researchinstitute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spendlove Medical Researchinstitute directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spendlove Medical Researchinstitute
Spendlove Medical Researchinstitute (EIN: 203860924) is a nonprofit organization based in Logan, UT, classified under NTEE code H99. The organization reported total revenue of $2.2M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spendlove Medical Researchinstitute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spendlove Medical Researchinstitute is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 19.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $15K |
| Surplus / Deficit | +$2.2M |
| Total Assets | $3.1M |
| Net Assets | $3.1M |
| Operating Margin | 99.3% |
| Months of Reserves | 2459.2 months |
Financial Health Grade: A
In 2022, Spendlove Medical Researchinstitute reported a surplus of $2.2M with revenue exceeding expenses, holds 2459.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Spendlove Medical Researchinstitute's revenue has grown at a compound annual growth rate (CAGR) of 19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +1907.1% | -59.4% | -2.0% |
| 2021 | +234.8% | +20.4% | +2.3% |
| 2020 | -47.3% | +9.1% | +0.1% |
| 2019 | -53.0% | -94.4% | +1.1% |
| 2018 | +72.2% | +3459.5% | +121.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8000 |
| IRS Ruling Date | 2006 |
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 Spendlove Medical Researchinstitute 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Spendlove Medical Researchinstitute allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive compensation from the organization, which is highly favorable for a nonprofit of its size.
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 Spendlove Medical Researchinstitute's IRS 990 filings:
- Extremely low expenses relative to revenue in 2022 ($15,179 expenses vs. $2,178,002 revenue), raising questions about program activity scale.
- Lack of detailed expense breakdown in available data makes it difficult to assess program efficiency.
- Significant fluctuation in liabilities in 2021 ($2,227,009) compared to 2022 ($0), which warrants further investigation.
Strengths
The following positive indicators were identified for Spendlove Medical Researchinstitute:
- Consistently reports 0% officer compensation, indicating strong financial stewardship regarding executive pay.
- Significant increase in assets to $3,110,683 in 2022, suggesting financial stability and capacity for future programs.
- Maintained low operational expenses over multiple years, indicating a lean operating model.
Frequently Asked Questions about Spendlove Medical Researchinstitute
Is Spendlove Medical Researchinstitute a legitimate charity?
Spendlove Medical Researchinstitute (EIN: 203860924) is a registered tax-exempt nonprofit based in Utah. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Spendlove Medical Researchinstitute spend its money?
Spendlove Medical Researchinstitute directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Spendlove Medical Researchinstitute tax-deductible?
Spendlove Medical Researchinstitute is registered as a tax-exempt nonprofit (EIN: 203860924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spendlove Medical Researchinstitute's spending goes to programs?
Spendlove Medical Researchinstitute directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spendlove Medical Researchinstitute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spendlove Medical Researchinstitute is above average for NTEE category H99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spendlove Medical Researchinstitute located?
Spendlove Medical Researchinstitute is headquartered in Logan, Utah and files with the IRS under EIN 203860924. It is classified under NTEE code H99.
How many years of IRS 990 filings does Spendlove Medical Researchinstitute have?
Spendlove Medical Researchinstitute 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 $2.2M in total revenue.
What caused the dramatic increase in revenue to $2,178,002 in 2022, and how was this revenue utilized given the reported expenses of only $15,179?
The filings do not provide specific details on the source of the revenue spike or the allocation of funds beyond the low reported expenses. This suggests a significant portion may have been added to assets or held for future programs.
How does Spendlove Medical Researchinstitute operate with consistently low expenses, particularly in 2022, while accumulating significant assets?
The organization appears to operate with a very lean cost structure. The low expenses, especially in 2022, suggest either minimal operational activity, significant volunteer support, or that a large portion of its funds are being held as investments or endowments rather than being spent on immediate programs.
What specific medical research programs or activities does the institute conduct, given its NTEE code H99 and its financial capacity?
The IRS 990 data alone does not detail specific program activities. The NTEE code H99 indicates 'Other Medical Research,' but without program service expense breakdowns, it's unclear how the organization fulfills its mission.
Filing History
IRS 990 filing history for Spendlove Medical Researchinstitute showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Spendlove Medical Researchinstitute's revenue has grown by 586.6%, moving from $317K to $2.2M. Total assets increased by 756.9% over the same period, from $363K to $3.1M. Total functional expenses fell by 91.2%, from $173K to $15K. In its most recent filing year (2022), Spendlove Medical Researchinstitute reported a surplus of $2.2M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.2M | $15K | $3.1M | $0 | — | — |
| 2021 | $109K | $37K | $3.2M | $2.2M | — | View 990 |
| 2020 | $32K | $31K | $3.1M | $2.2M | — | — |
| 2019 | $62K | $29K | $3.1M | $2.2M | — | View 990 |
| 2018 | $131K | $512K | $3.1M | $2.2M | — | View 990 |
| 2017 | $76K | $14K | $1.4M | $158K | — | View 990 |
| 2016 | $131K | $35K | $1.3M | $158K | — | View 990 |
| 2015 | $499K | $154K | $1.2M | $131K | — | View 990 |
| 2014 | $496K | $172K | $887K | $133K | — | View 990 |
| 2013 | $449K | $203K | $562K | $131K | — | View 990 |
| 2012 | $434K | $225K | $413K | $229K | — | View 990 |
| 2011 | $317K | $173K | $363K | $388K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.2M, expenses of $15K, and assets of $3.1M (revenue +1907.1% year-over-year).
- 2021: Revenue of $109K, expenses of $37K, and assets of $3.2M (revenue +234.8% year-over-year).
- 2020: Revenue of $32K, expenses of $31K, and assets of $3.1M (revenue -47.3% year-over-year).
- 2019: Revenue of $62K, expenses of $29K, and assets of $3.1M (revenue -53.0% year-over-year).
- 2018: Revenue of $131K, expenses of $512K, and assets of $3.1M (revenue +72.2% year-over-year).
- 2017: Revenue of $76K, expenses of $14K, and assets of $1.4M (revenue -41.9% year-over-year).
- 2016: Revenue of $131K, expenses of $35K, and assets of $1.3M (revenue -73.8% year-over-year).
- 2015: Revenue of $499K, expenses of $154K, and assets of $1.2M (revenue +0.7% year-over-year).
- 2014: Revenue of $496K, expenses of $172K, and assets of $887K (revenue +10.4% year-over-year).
- 2013: Revenue of $449K, expenses of $203K, and assets of $562K (revenue +3.5% year-over-year).
- 2012: Revenue of $434K, expenses of $225K, and assets of $413K (revenue +36.8% year-over-year).
- 2011: Revenue of $317K, expenses of $173K, and assets of $363K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spendlove Medical Researchinstitute:
Data Sources and Methodology
This transparency report for Spendlove Medical Researchinstitute 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.