Vec Customers Share Inc
EIN: 621861476 · Decatur, TN · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $315K |
| Total Expenses | $322K |
| Net Assets | $35K |
Is Vec Customers Share Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vec Customers Share Inc
Vec Customers Share Inc (EIN: 621861476) is a nonprofit organization based in Decatur, TN, classified under NTEE code T30. The organization reported total revenue of $315K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vec Customers Share Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vec Customers Share Inc is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $330K |
| Total Expenses | $322K |
| Surplus / Deficit | +$8K |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | 2.5% |
| Months of Reserves | 1.3 months |
Financial Health Grade: A
In 2023, Vec Customers Share Inc reported a surplus of $8K with revenue exceeding expenses, holds 1.3 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Vec Customers Share Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | +4.0% | +31.3% |
| 2022 | -2.1% | -9.9% | +981.4% |
| 2021 | -1.9% | -0.8% | -47.9% |
| 2020 | -4.4% | -6.1% | +47.9% |
| 2019 | -0.7% | +2.0% | -90.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vec Customers Share 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 Vec Customers Share 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 surplus of $8K, with revenue exceeding expenses.
Frequently Asked Questions about Vec Customers Share Inc
Is Vec Customers Share Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vec Customers Share Inc (EIN: 621861476) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vec Customers Share Inc spend its money?
Detailed spending breakdown data is not yet available for Vec Customers Share Inc. Check back for updated IRS 990 analysis.
Are donations to Vec Customers Share Inc tax-deductible?
Vec Customers Share Inc is registered as a tax-exempt nonprofit (EIN: 621861476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vec Customers Share Inc located?
Vec Customers Share Inc is headquartered in Decatur, Tennessee and files with the IRS under EIN 621861476. It is classified under NTEE code T30.
How many years of IRS 990 filings does Vec Customers Share Inc have?
Vec Customers Share Inc has 12 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 $315K in total revenue.
Filing History
IRS 990 filing history for Vec Customers Share Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Vec Customers Share Inc's revenue has declined by 11.1%, moving from $371K to $330K. Total functional expenses fell by 20%, from $402K to $322K. In its most recent filing year (2023), Vec Customers Share Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $330K | $322K | $35K | $0 | — | — |
| 2022 | $334K | $309K | $27K | $0 | — | View 990 |
| 2021 | $341K | $343K | $2K | $0 | — | View 990 |
| 2020 | $348K | $346K | $5K | $0 | — | — |
| 2019 | $364K | $369K | $3K | $0 | — | View 990 |
| 2018 | $366K | $362K | $33K | $25K | — | View 990 |
| 2017 | $376K | $376K | $33K | $29K | — | — |
| 2016 | $390K | $395K | $4K | $0 | — | View 990 |
| 2015 | $390K | $395K | $9K | $0 | — | View 990 |
| 2014 | $396K | $394K | $14K | $0 | — | View 990 |
| 2013 | $401K | $429K | $12K | $0 | — | View 990 |
| 2011 | $371K | $402K | $0 | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $330K, expenses of $322K, and assets of $35K (revenue -1.1% year-over-year).
- 2022: Revenue of $334K, expenses of $309K, and assets of $27K (revenue -2.1% year-over-year).
- 2021: Revenue of $341K, expenses of $343K, and assets of $2K (revenue -1.9% year-over-year).
- 2020: Revenue of $348K, expenses of $346K, and assets of $5K (revenue -4.4% year-over-year).
- 2019: Revenue of $364K, expenses of $369K, and assets of $3K (revenue -0.7% year-over-year).
- 2018: Revenue of $366K, expenses of $362K, and assets of $33K (revenue -2.6% year-over-year).
- 2017: Revenue of $376K, expenses of $376K, and assets of $33K (revenue -3.5% year-over-year).
- 2016: Revenue of $390K, expenses of $395K, and assets of $4K (revenue -0.2% year-over-year).
- 2015: Revenue of $390K, expenses of $395K, and assets of $9K (revenue -1.4% year-over-year).
- 2014: Revenue of $396K, expenses of $394K, and assets of $14K (revenue -1.2% year-over-year).
- 2013: Revenue of $401K, expenses of $429K, and assets of $12K (revenue +7.9% year-over-year).
- 2011: Revenue of $371K, expenses of $402K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vec Customers Share Inc:
Data Sources and Methodology
This transparency report for Vec Customers Share 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.