Velo Amis
EIN: 272228853 · Newark, DE · NTEE: N70
| Metric | Value |
|---|---|
| Total Revenue | $40K |
| Total Expenses | $48K |
| Net Assets | $34K |
Is Velo Amis Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Velo Amis
Velo Amis (EIN: 272228853) is a nonprofit organization based in Newark, DE, classified under NTEE code N70. The organization reported total revenue of $40K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Velo Amis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Velo Amis is a micro nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $48K |
| Surplus / Deficit | +$3K |
| Total Assets | $34K |
| Net Assets | $34K |
| Operating Margin | 5.9% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Velo Amis reported a surplus of $3K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Velo Amis's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.9% | -18.7% | +9.7% |
| 2022 | +66.1% | +31.1% | +21.3% |
| 2021 | +20.9% | -26.5% | -19.6% |
| 2020 | -63.7% | +6.7% | -47.9% |
| 2019 | -16.8% | -32.1% | +104.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Velo Amis 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 Velo Amis 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 $3K, with revenue exceeding expenses.
Frequently Asked Questions about Velo Amis
Is Velo Amis a legitimate charity?
Velo Amis (EIN: 272228853) is a registered tax-exempt nonprofit based in Delaware. It has 13 years of IRS 990 filings on record. Total revenue: $40K. No red flags identified. Financial health grade: A.
How does Velo Amis spend its money?
Velo Amis reported $40K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Velo Amis tax-deductible?
Velo Amis is registered as a tax-exempt nonprofit (EIN: 272228853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Velo Amis located?
Velo Amis is headquartered in Newark, Delaware and files with the IRS under EIN 272228853. It is classified under NTEE code N70.
How many years of IRS 990 filings does Velo Amis have?
Velo Amis has 13 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 $40K in total revenue.
Filing History
IRS 990 filing history for Velo Amis showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Velo Amis's revenue has grown by 437.5%, moving from $9K to $51K. Total assets increased by 116.3% over the same period, from $16K to $34K. Total functional expenses rose by 602.3%, from $7K to $48K. In its most recent filing year (2023), Velo Amis reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $48K | $34K | $0 | — | View 990 |
| 2022 | $64K | $59K | $31K | $0 | — | View 990 |
| 2021 | $39K | $45K | $25K | $0 | — | View 990 |
| 2020 | $32K | $61K | $32K | $0 | — | View 990 |
| 2019 | $88K | $57K | $61K | $0 | — | View 990 |
| 2018 | $106K | $84K | $30K | $0 | — | View 990 |
| 2017 | $60K | $58K | $8K | $0 | — | View 990 |
| 2016 | $29K | $37K | $6K | $0 | — | View 990 |
| 2015 | $22K | $19K | $14K | $0 | — | View 990 |
| 2014 | $15K | $17K | $11K | $0 | — | View 990 |
| 2013 | $14K | $10K | $13K | $0 | — | View 990 |
| 2012 | $256 | $7K | $9K | $0 | — | View 990 |
| 2011 | $9K | $7K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $48K, and assets of $34K (revenue -20.9% year-over-year).
- 2022: Revenue of $64K, expenses of $59K, and assets of $31K (revenue +66.1% year-over-year).
- 2021: Revenue of $39K, expenses of $45K, and assets of $25K (revenue +20.9% year-over-year).
- 2020: Revenue of $32K, expenses of $61K, and assets of $32K (revenue -63.7% year-over-year).
- 2019: Revenue of $88K, expenses of $57K, and assets of $61K (revenue -16.8% year-over-year).
- 2018: Revenue of $106K, expenses of $84K, and assets of $30K (revenue +78.1% year-over-year).
- 2017: Revenue of $60K, expenses of $58K, and assets of $8K (revenue +102.4% year-over-year).
- 2016: Revenue of $29K, expenses of $37K, and assets of $6K (revenue +32.1% year-over-year).
- 2015: Revenue of $22K, expenses of $19K, and assets of $14K (revenue +46.0% year-over-year).
- 2014: Revenue of $15K, expenses of $17K, and assets of $11K (revenue +11.7% year-over-year).
- 2013: Revenue of $14K, expenses of $10K, and assets of $13K (revenue +5241.8% year-over-year).
- 2012: Revenue of $256, expenses of $7K, and assets of $9K (revenue -97.3% year-over-year).
- 2011: Revenue of $9K, expenses of $7K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Velo Amis:
Data Sources and Methodology
This transparency report for Velo Amis 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.