Nonprofit screen
Screen a listThe Medical Device Innovation Consortium
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(2)
$28Mrevenue
FY2024 · +67% in 3 yrs52staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin0.1%
Months of reserve1.2mo
Revenue growth (annualized)+28.7%
Middle half of peersMedianMedical Device Innovation Consortium
Where the money goes FY2024 · $28M spent
Programs$23M82%Management and general$5.2M19%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$3.5M in FY2022 and −$740k in FY2023. Cash covers 1.2 months, under the peer median of 1.7.
990 Part I and balance sheetIn its favor3
Strong governance
22 of 22 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 29% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 8 of its 8 returns, 67% of revenue in FY2024. $91M is traced federal awards from Department of Health and Human Services.
990 Part VIII · USAspending3funders
$1.2Ma year, last 3 years
57%from its largest funder
Funder’21’22’23Gordon E and Betty I Moore FoundationStopped after FY2022$500k$23k–Donor-advised giftsDonors not disclosed$2.0M$1.0M
FundedThrough a donor-advised fundStopped