Eternal Vision Inc
Eternal Vision Inc. shows volatile financial performance with significant revenue and expense fluctuations over the past decade.
EIN: 204458362 · Watertown, WI · NTEE: X02 · Updated: 2026-03-28
Is Eternal Vision Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eternal Vision Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Eternal Vision Inc
Eternal Vision Inc (EIN: 204458362) is a nonprofit organization based in Watertown, WI, classified under NTEE code X02. The organization reported total revenue of $524K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eternal Vision Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eternal Vision Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Eternal Vision Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Eternal Vision Inc. consistently reports 0% officer compensation across all available filings, indicating a strong commitment to minimizing executive overhead and potentially directing more funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Eternal Vision Inc's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial planning and sustainability uncertain (e.g., 2023 deficit of $450,887).
- Significant year-over-year swings in financial performance, such as revenue dropping from $2,136,029 in 2015 to $163,989 in 2014 (though this appears to be a typo in the provided data, likely 2014 was $163,989 and 2015 was $2,136,029, still a massive swing).
Strengths
The following positive indicators were identified for Eternal Vision Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency and potentially low administrative overhead.
- Maintained a substantial asset base (often over $1 million) despite revenue fluctuations, suggesting good asset management or reserves.
- Relatively low liabilities across most filing periods, indicating responsible debt management.
Frequently Asked Questions about Eternal Vision Inc
Is Eternal Vision Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eternal Vision Inc (EIN: 204458362) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Eternal Vision Inc spend its money?
Eternal Vision Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eternal Vision Inc tax-deductible?
Eternal Vision Inc is registered as a tax-exempt nonprofit (EIN: 204458362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did expenses significantly exceed revenue in 2023 ($594,710 vs. $143,823)?
This large deficit in 2023 could indicate a one-time major program expenditure, a significant drop in donations, or a strategic investment. Further details from the full 990 filing would be needed to understand the cause.
What is the primary cause of the significant year-over-year revenue fluctuations, such as the drop from $2,136,029 in 2015 to $163,989 in 2014 (and then back up)?
Such drastic swings suggest reliance on large, infrequent grants or donations, or a highly variable fundraising model. Understanding the source of revenue would clarify its sustainability.
How does Eternal Vision Inc. manage its programs and operations given the inconsistent revenue streams?
The organization's ability to maintain over $1 million in assets for most years, despite revenue volatility, suggests a strong reserve fund or careful financial planning to buffer operational costs during lean periods.
What specific programs does Eternal Vision Inc. operate, and how are they funded?
Without program details, it's hard to assess the impact of their spending. Understanding their NTEE code X02 (Religious Publishing & Broadcasting) suggests media-related activities, but specifics are needed.
Filing History
IRS 990 filing history for Eternal Vision Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Eternal Vision Inc's revenue has declined by 24.4%, moving from $190K to $144K. Total assets decreased by 5.4% over the same period, from $912K to $863K. Total functional expenses rose by 198.2%, from $199K to $595K. In its most recent filing year (2023), Eternal Vision Inc reported a deficit of $451K, with expenses exceeding revenue. The organization holds $16K in liabilities against $863K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $847K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $144K | $595K | $863K | $16K | — | — |
| 2022 | $637K | $330K | $1.2M | $15K | — | View 990 |
| 2021 | $294K | $441K | $1.1M | $16K | — | View 990 |
| 2020 | $487K | $478K | $1.1M | $102 | — | View 990 |
| 2019 | $776K | $1.1M | $1.0M | $91 | — | — |
| 2018 | $937K | $830K | $1.2M | $7K | — | View 990 |
| 2017 | $518K | $909K | $1.2M | $47 | — | View 990 |
| 2016 | $1.0M | $1.1M | $1.5M | $3K | — | View 990 |
| 2015 | $2.1M | $495K | $1.5M | $4K | — | View 990 |
| 2014 | $164K | $140K | $843K | $6K | — | View 990 |
| 2013 | $97K | $111K | $784K | $3K | — | View 990 |
| 2012 | $203K | $425K | $719K | $6K | — | View 990 |
| 2011 | $103K | $90K | $912K | $8K | — | View 990 |
| 2010 | $190K | $199K | $912K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $144K, expenses of $595K, and assets of $863K (revenue -77.4% year-over-year).
- 2022: Revenue of $637K, expenses of $330K, and assets of $1.2M (revenue +116.8% year-over-year).
- 2021: Revenue of $294K, expenses of $441K, and assets of $1.1M (revenue -39.7% year-over-year).
- 2020: Revenue of $487K, expenses of $478K, and assets of $1.1M (revenue -37.2% year-over-year).
- 2019: Revenue of $776K, expenses of $1.1M, and assets of $1.0M (revenue -17.2% year-over-year).
- 2018: Revenue of $937K, expenses of $830K, and assets of $1.2M (revenue +80.9% year-over-year).
- 2017: Revenue of $518K, expenses of $909K, and assets of $1.2M (revenue -48.2% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.1M, and assets of $1.5M (revenue -53.2% year-over-year).
- 2015: Revenue of $2.1M, expenses of $495K, and assets of $1.5M (revenue +1202.5% year-over-year).
- 2014: Revenue of $164K, expenses of $140K, and assets of $843K (revenue +68.4% year-over-year).
- 2013: Revenue of $97K, expenses of $111K, and assets of $784K (revenue -52.1% year-over-year).
- 2012: Revenue of $203K, expenses of $425K, and assets of $719K (revenue +96.6% year-over-year).
- 2011: Revenue of $103K, expenses of $90K, and assets of $912K (revenue -45.7% year-over-year).
- 2010: Revenue of $190K, expenses of $199K, and assets of $912K.
Data Sources and Methodology
This transparency report for Eternal Vision 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.