Support Our Veterans Organization Inc
EIN: 270496150 · Central Vlg, CT · NTEE: W30
| Metric | Value |
|---|---|
| Total Revenue | $128K |
| Total Expenses | $172K |
| Net Assets | $169K |
Is Support Our Veterans Organization Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Support Our Veterans Organization Inc
Support Our Veterans Organization Inc (EIN: 270496150) is a nonprofit organization based in Central Vlg, CT, classified under NTEE code W30. The organization reported total revenue of $128K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Support Our Veterans Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Support Our Veterans Organization Inc is a small nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $172K |
| Surplus / Deficit | $-44,503 |
| Total Assets | $173K |
| Total Liabilities | $4K |
| Net Assets | $169K |
| Operating Margin | -34.8% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2020, Support Our Veterans Organization Inc reported a deficit of $45K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2020), Support Our Veterans Organization Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -49.6% | -32.1% | -20.2% |
| 2019 | +10.1% | -1.9% | +1.1% |
| 2018 | +27.7% | +78.5% | -11.6% |
| 2017 | +27.4% | +11.3% | +0.5% |
| 2016 | -6.9% | -14.7% | +23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Support Our Veterans Organization 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 Support Our Veterans Organization 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Support Our Veterans Organization Inc
Is Support Our Veterans Organization Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Support Our Veterans Organization Inc (EIN: 270496150) insufficient data. 0 red flags identified, 0 strengths noted.
How does Support Our Veterans Organization Inc spend its money?
Detailed spending breakdown data is not yet available for Support Our Veterans Organization Inc. Check back for updated IRS 990 analysis.
Are donations to Support Our Veterans Organization Inc tax-deductible?
Support Our Veterans Organization Inc is registered as a tax-exempt nonprofit (EIN: 270496150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Support Our Veterans Organization Inc located?
Support Our Veterans Organization Inc is headquartered in Central Vlg, Connecticut and files with the IRS under EIN 270496150. It is classified under NTEE code W30.
How many years of IRS 990 filings does Support Our Veterans Organization Inc have?
Support Our Veterans Organization Inc has 10 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 $128K in total revenue.
Filing History
IRS 990 filing history for Support Our Veterans Organization Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Support Our Veterans Organization Inc's revenue has grown by 50.6%, moving from $85K to $128K. Total assets increased by 152.8% over the same period, from $69K to $173K. Total functional expenses rose by 149.5%, from $69K to $172K. In its most recent filing year (2020), Support Our Veterans Organization Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $4K in liabilities against $173K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $169K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $128K | $172K | $173K | $4K | — | — |
| 2019 | $254K | $254K | $217K | $3K | — | View 990 |
| 2018 | $230K | $259K | $215K | $693 | — | View 990 |
| 2017 | $180K | $145K | $243K | $685 | — | View 990 |
| 2016 | $142K | $130K | $242K | $35K | — | View 990 |
| 2015 | $152K | $152K | $195K | $312 | — | View 990 |
| 2014 | $213K | $191K | $195K | $38 | — | View 990 |
| 2013 | $318K | $273K | $162K | $803 | — | View 990 |
| 2012 | $136K | $87K | $117K | $687 | — | View 990 |
| 2011 | $85K | $69K | $69K | $370 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $128K, expenses of $172K, and assets of $173K (revenue -49.6% year-over-year).
- 2019: Revenue of $254K, expenses of $254K, and assets of $217K (revenue +10.1% year-over-year).
- 2018: Revenue of $230K, expenses of $259K, and assets of $215K (revenue +27.7% year-over-year).
- 2017: Revenue of $180K, expenses of $145K, and assets of $243K (revenue +27.4% year-over-year).
- 2016: Revenue of $142K, expenses of $130K, and assets of $242K (revenue -6.9% year-over-year).
- 2015: Revenue of $152K, expenses of $152K, and assets of $195K (revenue -28.8% year-over-year).
- 2014: Revenue of $213K, expenses of $191K, and assets of $195K (revenue -32.8% year-over-year).
- 2013: Revenue of $318K, expenses of $273K, and assets of $162K (revenue +133.8% year-over-year).
- 2012: Revenue of $136K, expenses of $87K, and assets of $117K (revenue +60.3% year-over-year).
- 2011: Revenue of $85K, expenses of $69K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Support Our Veterans Organization Inc:
Data Sources and Methodology
This transparency report for Support Our Veterans Organization 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.