Is Veracity Circle Inc Legit?

Spending Breakdown

How Veracity Circle Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Veracity Circle Inc

Is Veracity Circle Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Veracity Circle Inc (EIN: 202825670) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Veracity Circle Inc a good charity to donate to?

Veracity Circle Inc has a Mission Score of 75/100. Revenue: $151K. Assets: $70K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Veracity Circle Inc?

The Employer Identification Number (EIN) for Veracity Circle Inc is 202825670. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Veracity Circle Inc spend its money?

Veracity Circle Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Veracity Circle Inc's tax-exempt status?

You can verify Veracity Circle Inc's tax-exempt status using EIN 202825670 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Veracity Circle Inc. demonstrates a fluctuating financial trajectory, with its latest revenue reaching $151,416 and assets at $69,753. While the organization has shown growth in revenue over time, its expense management has varied. For instance, in 2021, expenses ($90,940) were very close to revenue ($92,560), indicating tight operational margins. The organization's consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead related to executive pay, which is a positive indicator for donor confidence.

The organization's asset base has grown significantly from $3,581 in 2012 to $69,753 currently, suggesting some financial stability and capacity building. However, the presence of liabilities, such as $31,800 in 2021, warrants attention to ensure sustainable financial health. The NTEE code X20 (Volunteers of America) suggests a focus on community service, and without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency beyond the lack of executive compensation.

Overall, Veracity Circle Inc. appears to be a small but growing nonprofit. Its transparency regarding officer compensation is commendable. To further enhance transparency and demonstrate spending efficiency, more detailed expense breakdowns would be beneficial for a comprehensive assessment of how funds are allocated between programs, administration, and fundraising.

Verdict: Veracity Circle Inc appears trustworthy

Red Flags

Strengths