Verbum Spei
EIN: 834572856 · Boise, ID · NTEE: X22
| Metric | Value |
|---|---|
| Total Revenue | $193K |
| Total Expenses | $182K |
| Net Assets | $463K |
Is Verbum Spei Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Verbum Spei
Verbum Spei (EIN: 834572856) is a nonprofit organization based in Boise, ID, classified under NTEE code X22. The organization reported total revenue of $193K and total assets of $713K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Verbum Spei's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Verbum Spei is a small nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 56.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $326K |
| Total Expenses | $182K |
| Surplus / Deficit | +$144K |
| Total Assets | $463K |
| Net Assets | $463K |
| Operating Margin | 44.3% |
| Months of Reserves | 30.6 months |
Financial Health Grade: A
In 2023, Verbum Spei reported a surplus of $144K with revenue exceeding expenses, holds 30.6 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Verbum Spei's revenue has grown at a compound annual growth rate (CAGR) of 56.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.5% | +18.1% | +45.5% |
| 2022 | -39.5% | +41.3% | +25.9% |
| 2021 | +295.1% | +77.0% | +953.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Verbum Spei 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 Verbum Spei 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 $144K, with revenue exceeding expenses.
Frequently Asked Questions about Verbum Spei
Is Verbum Spei a legitimate charity?
Verbum Spei (EIN: 834572856) is a registered tax-exempt nonprofit based in Idaho. It has 4 years of IRS 990 filings on record. Total revenue: $193K. No red flags identified. Financial health grade: A.
How does Verbum Spei spend its money?
Verbum Spei reported $193K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Verbum Spei tax-deductible?
Verbum Spei is registered as a tax-exempt nonprofit (EIN: 834572856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Verbum Spei located?
Verbum Spei is headquartered in Boise, Idaho and files with the IRS under EIN 834572856. It is classified under NTEE code X22.
How many years of IRS 990 filings does Verbum Spei have?
Verbum Spei has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $193K in total revenue.
Filing History
IRS 990 filing history for Verbum Spei showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Verbum Spei's revenue has grown by 281.4%, moving from $85K to $326K. Total assets increased by 1829.5% over the same period, from $24K to $463K. Total functional expenses rose by 195.5%, from $61K to $182K. In its most recent filing year (2023), Verbum Spei reported a surplus of $144K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $326K | $182K | $463K | $0 | — | View 990 |
| 2022 | $204K | $154K | $318K | $0 | — | View 990 |
| 2021 | $338K | $109K | $253K | $0 | — | View 990 |
| 2020 | $85K | $61K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $326K, expenses of $182K, and assets of $463K (revenue +59.5% year-over-year).
- 2022: Revenue of $204K, expenses of $154K, and assets of $318K (revenue -39.5% year-over-year).
- 2021: Revenue of $338K, expenses of $109K, and assets of $253K (revenue +295.1% year-over-year).
- 2020: Revenue of $85K, expenses of $61K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Verbum Spei:
Data Sources and Methodology
This transparency report for Verbum Spei 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.