Veracity Circle Inc
Veracity Circle Inc. shows revenue growth and no reported officer compensation, but expense management varies.
EIN: 202825670 · Stockbridge, GA · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $151K |
| Total Expenses | $91K |
| Program Spending | 80% |
| Net Assets | $17K |
| Transparency Score | 75/100 |
Is Veracity Circle Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Veracity Circle Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Veracity Circle Inc
Veracity Circle Inc (EIN: 202825670) is a nonprofit organization based in Stockbridge, GA, classified under NTEE code X20. The organization reported total revenue of $151K and total assets of $70K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veracity Circle Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veracity Circle Inc is a small nonprofit that has been operating for 20 years, with 5 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $91K |
| Surplus / Deficit | +$2K |
| Total Assets | $49K |
| Total Liabilities | $32K |
| Net Assets | $17K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 64.9% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2021, Veracity Circle Inc reported a surplus of $2K with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 64.9% (high leverage).
Financial Trends
Over 5 years of filings (2012–2021), Veracity Circle Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +25.8% | +167.3% | +9.6% |
| 2019 | +18.0% | -50.8% | +248.2% |
| 2017 | -22.3% | -3.0% | -39.8% |
| 2014 | +38.7% | +8.2% | +496.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Veracity Circle Inc with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Veracity Circle Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.9%.
Executive Compensation Analysis
Veracity Circle Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for minimizing administrative costs.
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 Veracity Circle Inc's IRS 990 filings:
- Fluctuating expense-to-revenue ratios in some periods (e.g., 2021 expenses $90,940 vs. revenue $92,560), indicating tight margins.
- Lack of detailed expense breakdown in available data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Veracity Circle Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating low administrative overhead related to executive pay.
- Significant growth in revenue from $57,858 in 2012 to $151,416 currently.
- Substantial increase in assets from $3,581 in 2012 to $69,753 currently, suggesting growing financial capacity.
Frequently Asked Questions about Veracity Circle Inc
Is Veracity Circle Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Veracity Circle Inc (EIN: 202825670) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Veracity Circle Inc spend its money?
Veracity Circle Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Veracity Circle Inc tax-deductible?
Veracity Circle Inc is registered as a tax-exempt nonprofit (EIN: 202825670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Veracity Circle Inc's spending goes to programs?
Veracity Circle Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Veracity Circle Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Veracity Circle Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Veracity Circle Inc located?
Veracity Circle Inc is headquartered in Stockbridge, Georgia and files with the IRS under EIN 202825670. It is classified under NTEE code X20.
How many years of IRS 990 filings does Veracity Circle Inc have?
Veracity Circle Inc has 5 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 $151K in total revenue.
Is Veracity Circle Inc. a good charity?
Based on the available data, Veracity Circle Inc. exhibits positive signs such as revenue growth and no reported officer compensation. However, a full assessment of 'goodness' would require more detailed expense breakdowns to confirm program efficiency and impact.
How has Veracity Circle Inc.'s financial health changed over time?
The organization has seen significant revenue growth from $57,858 in 2012 to $151,416 currently, and assets have increased from $3,581 to $69,753. While revenue and assets have grown, expense management has fluctuated, with some periods showing expenses close to revenue (e.g., 2021).
What is the organization's approach to executive compensation?
Veracity Circle Inc. consistently reports 0% officer compensation, indicating a commitment to not paying its officers, which is a strong positive for minimizing administrative overhead.
Filing History
IRS 990 filing history for Veracity Circle Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2021), Veracity Circle Inc's revenue has grown by 60%, moving from $58K to $93K. Total assets increased by 1268.8% over the same period, from $4K to $49K. Total functional expenses rose by 38.2%, from $66K to $91K. In its most recent filing year (2021), Veracity Circle Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $32K in liabilities against $49K in assets (debt-to-asset ratio: 64.9%), resulting in net assets of $17K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $93K | $91K | $49K | $32K | — | View 990 |
| 2019 | $74K | $34K | $45K | $0 | — | View 990 |
| 2017 | $62K | $69K | $13K | $2K | — | View 990 |
| 2014 | $80K | $71K | $21K | $0 | — | View 990 |
| 2012 | $58K | $66K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $93K, expenses of $91K, and assets of $49K (revenue +25.8% year-over-year).
- 2019: Revenue of $74K, expenses of $34K, and assets of $45K (revenue +18.0% year-over-year).
- 2017: Revenue of $62K, expenses of $69K, and assets of $13K (revenue -22.3% year-over-year).
- 2014: Revenue of $80K, expenses of $71K, and assets of $21K (revenue +38.7% year-over-year).
- 2012: Revenue of $58K, expenses of $66K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veracity Circle Inc:
Data Sources and Methodology
This transparency report for Veracity Circle 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.