Aire Ventures Inc
EIN: 814117606 · Miami, FL · NTEE: S40
| Metric | Value |
|---|---|
| Total Revenue | $672K |
| Total Expenses | $974K |
| Net Assets | $808K |
Is Aire Ventures Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Aire Ventures Inc
Aire Ventures Inc (EIN: 814117606) is a nonprofit organization based in Miami, FL, classified under NTEE code S40. The organization reported total revenue of $672K and total assets of $795K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aire Ventures Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aire Ventures Inc is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $764K |
| Total Expenses | $974K |
| Surplus / Deficit | $-209,250 |
| Total Assets | $1.0M |
| Total Liabilities | $204K |
| Net Assets | $808K |
| Operating Margin | -27.4% |
| Debt-to-Asset Ratio | 20.2% |
| Months of Reserves | 12.5 months |
Financial Health Grade: B
In 2023, Aire Ventures Inc reported a deficit of $209K with expenses exceeding revenue, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 20.2% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Aire Ventures Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +457.6% | -11.2% | -29.9% |
| 2022 | -92.8% | +45.6% | -29.5% |
| 2021 | +253.8% | -1.3% | +133.8% |
| 2020 | +43.9% | +13.5% | -19.0% |
| 2019 | -77.6% | +81.9% | -20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Aire Ventures Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aire Ventures Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $209K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.2%.
Frequently Asked Questions about Aire Ventures Inc
Is Aire Ventures Inc a legitimate charity?
Aire Ventures Inc (EIN: 814117606) is a registered tax-exempt nonprofit based in Florida. It has 7 years of IRS 990 filings on record. Total revenue: $672K. No red flags identified. Financial health grade: B.
How does Aire Ventures Inc spend its money?
Aire Ventures Inc reported $672K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Aire Ventures Inc tax-deductible?
Aire Ventures Inc is registered as a tax-exempt nonprofit (EIN: 814117606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Aire Ventures Inc located?
Aire Ventures Inc is headquartered in Miami, Florida and files with the IRS under EIN 814117606. It is classified under NTEE code S40.
How many years of IRS 990 filings does Aire Ventures Inc have?
Aire Ventures Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $672K in total revenue.
Filing History
IRS 990 filing history for Aire Ventures Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Aire Ventures Inc's revenue has grown by 153.7%, moving from $301K to $764K. Total assets increased by 2221% over the same period, from $44K to $1.0M. Total functional expenses rose by 275.8%, from $259K to $974K. In its most recent filing year (2023), Aire Ventures Inc reported a deficit of $209K, with expenses exceeding revenue. The organization holds $204K in liabilities against $1.0M in assets (debt-to-asset ratio: 20.2%), resulting in net assets of $808K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $764K | $974K | $1.0M | $204K | — | — |
| 2022 | $137K | $1.1M | $1.4M | $426K | — | View 990 |
| 2021 | $1.9M | $753K | $2.0M | $71K | — | View 990 |
| 2020 | $541K | $763K | $876K | $60K | — | View 990 |
| 2019 | $376K | $672K | $1.1M | $32K | — | View 990 |
| 2018 | $1.7M | $369K | $1.4M | $12K | — | View 990 |
| 2017 | $301K | $259K | $44K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $764K, expenses of $974K, and assets of $1.0M (revenue +457.6% year-over-year).
- 2022: Revenue of $137K, expenses of $1.1M, and assets of $1.4M (revenue -92.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $753K, and assets of $2.0M (revenue +253.8% year-over-year).
- 2020: Revenue of $541K, expenses of $763K, and assets of $876K (revenue +43.9% year-over-year).
- 2019: Revenue of $376K, expenses of $672K, and assets of $1.1M (revenue -77.6% year-over-year).
- 2018: Revenue of $1.7M, expenses of $369K, and assets of $1.4M (revenue +456.7% year-over-year).
- 2017: Revenue of $301K, expenses of $259K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aire Ventures Inc:
Data Sources and Methodology
This transparency report for Aire Ventures Inc 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.