Quick charity verification for Veterans Resource Group Inc (EIN: 208120737)
Verdict: Veterans Resource Group Inc shows mixed signals
65/100Mission Score
$666KRevenue
$12KAssets
4Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $613,297 expenses vs $576,031 revenue in 2023.
Very low and declining net assets relative to revenue, indicating limited financial reserves ($12,482 assets vs $665,906 latest revenue).
Significant decrease in assets from $30,324 in 2020 to $12,482 currently.
Liabilities present in recent years ($2,000 in 2023 and 2022) without clear asset growth to cover them.
Strengths
Significant revenue growth over five years, from $170,621 in 2019 to $576,031 in 2023, demonstrating increasing donor support.
Consistent reporting of 0% officer compensation, indicating resources are not being used for executive salaries.
Focus on program delivery, as implied by the lack of executive compensation and the NTEE code.
Spending Breakdown
How Veterans Resource Group 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
5%
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 Veterans Resource Group Inc
Is Veterans Resource Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Veterans Resource Group Inc (EIN: 208120737) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
Is Veterans Resource Group Inc a good charity to donate to?
Veterans Resource Group Inc has a Mission Score of 65/100. Revenue: $666K. Assets: $12K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Veterans Resource Group Inc?
The Employer Identification Number (EIN) for Veterans Resource Group Inc is 208120737. 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 Veterans Resource Group Inc spend its money?
Veterans Resource Group Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Veterans Resource Group Inc's tax-exempt status?
You can verify Veterans Resource Group Inc's tax-exempt status using EIN 208120737 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
Veterans Resource Group Inc demonstrates a concerning financial trend with expenses consistently exceeding revenue in recent years, leading to a decline in net assets. For example, in 2023, expenses were $613,297 against revenues of $576,031, and in 2022, expenses were $442,872 against revenues of $381,263. While the organization has shown significant revenue growth over the past five years, from $170,621 in 2019 to $576,031 in 2023, this growth has not been matched by fiscal discipline, resulting in negative operating margins. The organization's assets are very low relative to its revenue, standing at $12,482 against $665,906 in latest revenue, which suggests limited financial reserves and potential vulnerability to financial shocks. The consistent reporting of 0% officer compensation is a positive indicator of resource allocation towards its mission rather than executive pay, enhancing its transparency and donor trust in this specific area.