Universities Allied For Essential Medicines Corp
Universities Allied For Essential Medicines Corp faces recurring deficits, spending more than it earns in recent years.
EIN: 10833168 · Washington, DC · NTEE: P20 · Updated: 2026-03-28
Is Universities Allied For Essential Medicines Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Universities Allied For Essential Medicines Corp directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Universities Allied For Essential Medicines Corp
Universities Allied For Essential Medicines Corp (EIN: 10833168) is a nonprofit organization based in Washington, DC, classified under NTEE code P20. The organization reported total revenue of $367K and total assets of $222K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Universities Allied For Essential Medicines Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Universities Allied For Essential Medicines Corp is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $173K |
| Surplus / Deficit | $-25,971 |
| Total Assets | $171K |
| Total Liabilities | $6K |
| Net Assets | $165K |
| Operating Margin | -17.7% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 11.9 months |
Financial Health Grade: B
In 2023, Universities Allied For Essential Medicines Corp reported a deficit of $26K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Universities Allied For Essential Medicines Corp's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.7% | -27.3% | -13.4% |
| 2022 | -49.0% | -12.4% | -38.1% |
| 2021 | +19.7% | -10.4% | +5.7% |
| 2020 | -35.0% | +16.2% | -4.3% |
| 2019 | +125.9% | +7.4% | +66.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Universities Allied For Essential Medicines Corp 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Universities Allied For Essential Medicines Corp allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all provided filing periods, indicating that officers are either unpaid volunteers or receive no compensation from the organization, which is highly favorable for a nonprofit of its size (latest revenue $366,661).
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 Universities Allied For Essential Medicines Corp's IRS 990 filings:
- Recurring operational deficits (e.g., 202312: $146,749 revenue vs. $172,720 expenses)
- Declining asset base in recent years (from $319,721 in 202112 to $171,291 in 202312)
Strengths
The following positive indicators were identified for Universities Allied For Essential Medicines Corp:
- Consistent IRS 990 filing history, indicating transparency
- 0% reported officer compensation across all periods, suggesting efficient use of funds at the leadership level
Frequently Asked Questions about Universities Allied For Essential Medicines Corp
Is Universities Allied For Essential Medicines Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Universities Allied For Essential Medicines Corp (EIN: 10833168) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Universities Allied For Essential Medicines Corp spend its money?
Universities Allied For Essential Medicines Corp directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Universities Allied For Essential Medicines Corp tax-deductible?
Universities Allied For Essential Medicines Corp is registered as a tax-exempt nonprofit (EIN: 10833168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Universities Allied For Essential Medicines Corp financially stable?
UAEM's financial stability is questionable due to recurring operational deficits. In 202312, expenses ($172,720) exceeded revenue ($146,749), and similar trends are seen in 202212 and 202012. This consistent spending beyond income has led to a decline in assets from $319,721 in 202112 to $171,291 in 202312.
How does UAEM's executive compensation compare to other nonprofits?
UAEM reports 0% officer compensation across all provided filings, which is exceptionally low and indicates a highly volunteer-driven or very lean leadership structure, especially for an organization with latest revenue of $366,661. This is generally a positive sign for donors.
What is the trend in UAEM's assets?
UAEM's assets have fluctuated, peaking at $319,721 in 202112 but declining to $171,291 by 202312. This downward trend in recent years suggests the organization may be drawing on its reserves to cover operational deficits.
Filing History
IRS 990 filing history for Universities Allied For Essential Medicines Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Universities Allied For Essential Medicines Corp's revenue has declined by 43.6%, moving from $260K to $147K. Total assets decreased by 27.1% over the same period, from $235K to $171K. Total functional expenses fell by 52.1%, from $361K to $173K. In its most recent filing year (2023), Universities Allied For Essential Medicines Corp reported a deficit of $26K, with expenses exceeding revenue. The organization holds $6K in liabilities against $171K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $165K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $173K | $171K | $6K | — | View 990 |
| 2022 | $152K | $237K | $198K | $6K | — | View 990 |
| 2021 | $299K | $271K | $320K | $43K | — | View 990 |
| 2020 | $250K | $303K | $302K | $54K | — | View 990 |
| 2019 | $384K | $261K | $316K | $14K | — | View 990 |
| 2018 | $170K | $243K | $190K | $13K | — | View 990 |
| 2017 | $374K | $302K | $256K | $11K | — | View 990 |
| 2016 | $428K | $425K | $190K | $16K | — | View 990 |
| 2015 | $403K | $452K | $191K | $20K | — | View 990 |
| 2014 | $410K | $414K | $233K | $13K | — | View 990 |
| 2013 | $310K | $378K | $267K | $43K | — | View 990 |
| 2012 | $382K | $316K | $295K | $4K | — | View 990 |
| 2011 | $353K | $381K | $242K | $17K | — | View 990 |
| 2010 | $260K | $361K | $235K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $173K, and assets of $171K (revenue -3.7% year-over-year).
- 2022: Revenue of $152K, expenses of $237K, and assets of $198K (revenue -49.0% year-over-year).
- 2021: Revenue of $299K, expenses of $271K, and assets of $320K (revenue +19.7% year-over-year).
- 2020: Revenue of $250K, expenses of $303K, and assets of $302K (revenue -35.0% year-over-year).
- 2019: Revenue of $384K, expenses of $261K, and assets of $316K (revenue +125.9% year-over-year).
- 2018: Revenue of $170K, expenses of $243K, and assets of $190K (revenue -54.5% year-over-year).
- 2017: Revenue of $374K, expenses of $302K, and assets of $256K (revenue -12.6% year-over-year).
- 2016: Revenue of $428K, expenses of $425K, and assets of $190K (revenue +6.1% year-over-year).
- 2015: Revenue of $403K, expenses of $452K, and assets of $191K (revenue -1.9% year-over-year).
- 2014: Revenue of $410K, expenses of $414K, and assets of $233K (revenue +32.3% year-over-year).
- 2013: Revenue of $310K, expenses of $378K, and assets of $267K (revenue -18.8% year-over-year).
- 2012: Revenue of $382K, expenses of $316K, and assets of $295K (revenue +8.2% year-over-year).
- 2011: Revenue of $353K, expenses of $381K, and assets of $242K (revenue +35.6% year-over-year).
- 2010: Revenue of $260K, expenses of $361K, and assets of $235K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Universities Allied For Essential Medicines Corp:
Data Sources and Methodology
This transparency report for Universities Allied For Essential Medicines Corp 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.