HMedical ResearchEIN: 050440574· Ruling Year: 1989

Ocean State Research Institute Inc

Providence, Rhode Island

B+Health Score
65B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

💰
$6.0M
Total Revenue
📊
$5.9M
Total Expenses
🏦
$1.2M
Net Assets
📋
$1.6M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+17.0%
Year-over-year change (2022 → 2023)
Net Margin
+1.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.20
Net assets divided by total expenses
Liabilities-to-Assets
57.0%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$5,983,69917%$5,893,66416%$2,727,2965%
2022$5,112,3816%$5,102,4423%$2,864,50092%
2021$5,426,821$5,242,7074%$1,494,3912%
2020$5,415,45717%$5,489,62713%$1,527,0902%
2019$6,544,40743%$6,275,14537%$1,502,50141%
2018$4,591,8085%$4,584,6065%$1,064,59410%
2017$4,358,69817%$4,365,47818%$1,187,60020%
2016$3,728,9139%$3,690,12010%$990,43223%
2015$4,075,45054%$4,094,25759%$803,1329%
2014$2,647,94544%$2,572,13178%$884,60944%
2013$1,838,68389%$1,444,45129%$615,28129%
2012$971,907351%$1,123,777534%$861,4572%
2011$215,668$177,325$847,874

Frequently Asked Questions

What does Ocean State Research Institute Inc do?

Ocean State Research Institute Inc is a medical research nonprofit organization based in Rhode Island. It is classified under NTEE code H00Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Ocean State Research Institute Inc financially healthy?

Based on our 9-metric Financial Health Score model, Ocean State Research Institute Inc has a score of 65/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Ocean State Research Institute Inc generate?

Ocean State Research Institute Inc reports $7.2M in annual revenue and holds $3.4M in total assets, based on IRS filings.

Similar Organizations

Explore more organizations in the Medical Research category, or browse all nonprofits in Rhode Island.