Verde
Verde shows consistent revenue growth and zero reported officer compensation across all filings.
EIN: 203685723 · Portland, OR · NTEE: J220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $3.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.5M |
| Transparency Score | 90/100 |
Is Verde Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Verde directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Verde
Verde (EIN: 203685723) is a nonprofit organization based in Portland, OR, classified under NTEE code J220. The organization reported total revenue of $5.4M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Verde's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Verde is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$638K |
| Total Assets | $5.2M |
| Total Liabilities | $1.6M |
| Net Assets | $3.5M |
| Operating Margin | 16.1% |
| Debt-to-Asset Ratio | 31.4% |
| Months of Reserves | 18.7 months |
Financial Health Grade: A
In 2023, Verde reported a surplus of $638K with revenue exceeding expenses, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 31.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Verde's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.2% | -5.3% | +56.7% |
| 2022 | -17.2% | +45.5% | +0.7% |
| 2021 | +49.6% | -35.1% | +101.4% |
| 2020 | -43.5% | -14.0% | -33.2% |
| 2019 | -32.8% | -34.4% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Verde with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Verde allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $638K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.4%.
Executive Compensation Analysis
Verde consistently reports 0% officer compensation across all provided filings, indicating that no executive salaries are drawn from the organization's funds, which is highly commendable for a nonprofit of its size with revenues exceeding $3 million annually.
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.
Strengths
The following positive indicators were identified for Verde:
- Consistent revenue growth in recent periods, with $3,957,800 in 202306.
- Significant asset growth, reaching $5,163,647 in 202306.
- Zero reported officer compensation across all 13 filings, indicating strong financial stewardship.
- Positive net income in most recent filing ($3,957,800 revenue vs. $3,320,143 expenses in 202306).
- Strong financial recovery and stability after some periods of higher expenses.
Frequently Asked Questions about Verde
Is Verde a legitimate charity?
Verde (EIN: 203685723) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.4M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Verde spend its money?
Verde directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Verde tax-deductible?
Verde is registered as a tax-exempt nonprofit (EIN: 203685723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Verde CEO make?
Verde's highest-compensated officer earns $3 annually. The organization reported $5.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Verde's spending goes to programs?
Verde directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Verde compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Verde is above average for NTEE category J220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Verde located?
Verde is headquartered in Portland, Oregon and files with the IRS under EIN 203685723. It is classified under NTEE code J220.
How many years of IRS 990 filings does Verde have?
Verde 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 $5.4M in total revenue.
Is Verde a good charity?
Based on the provided financial data, Verde appears to be a good charity. It demonstrates strong financial health with growing assets and consistent surpluses in recent years. The absence of reported officer compensation is a significant positive indicator of its commitment to its mission.
How has Verde's revenue trended over time?
Verde's revenue has shown fluctuations but a general upward trend in recent years. After a dip in 202206 ($3,406,830) from 202106 ($4,116,624), it rebounded to $3,957,800 in 202306, indicating resilience and growth.
What is Verde's asset growth like?
Verde has experienced significant asset growth, particularly in recent periods. Assets grew from $3,296,238 in 202206 to $5,163,647 in 202306, demonstrating a strong build-up of financial reserves and capacity.
Filing History
IRS 990 filing history for Verde showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Verde's revenue has grown by 141.3%, moving from $1.6M to $4.0M. Total assets increased by 475.4% over the same period, from $897K to $5.2M. Total functional expenses rose by 213.8%, from $1.1M to $3.3M. In its most recent filing year (2023), Verde reported a surplus of $638K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $5.2M in assets (debt-to-asset ratio: 31.4%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $3.3M | $5.2M | $1.6M | — | View 990 |
| 2022 | $3.4M | $3.5M | $3.3M | $430K | — | View 990 |
| 2021 | $4.1M | $2.4M | $3.3M | $311K | — | View 990 |
| 2020 | $2.8M | $3.7M | $1.6M | $370K | — | View 990 |
| 2019 | $4.9M | $4.3M | $2.4M | $219K | — | View 990 |
| 2018 | $7.2M | $6.6M | $2.1M | $456K | — | View 990 |
| 2017 | $4.2M | $4.2M | $2.3M | $1.3M | — | View 990 |
| 2016 | $3.3M | $3.7M | $1.5M | $501K | — | View 990 |
| 2015 | $2.8M | $2.9M | $1.6M | $241K | — | View 990 |
| 2014 | $2.8M | $1.9M | $1.7M | $232K | — | View 990 |
| 2013 | $1.8M | $2.1M | $659K | $105K | — | View 990 |
| 2012 | $1.8M | $1.8M | $899K | $91K | — | View 990 |
| 2011 | $1.6M | $1.1M | $897K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $3.3M, and assets of $5.2M (revenue +16.2% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.5M, and assets of $3.3M (revenue -17.2% year-over-year).
- 2021: Revenue of $4.1M, expenses of $2.4M, and assets of $3.3M (revenue +49.6% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.7M, and assets of $1.6M (revenue -43.5% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.3M, and assets of $2.4M (revenue -32.8% year-over-year).
- 2018: Revenue of $7.2M, expenses of $6.6M, and assets of $2.1M (revenue +71.8% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.2M, and assets of $2.3M (revenue +28.3% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.7M, and assets of $1.5M (revenue +16.0% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.9M, and assets of $1.6M (revenue +1.4% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.9M, and assets of $1.7M (revenue +54.4% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.1M, and assets of $659K (revenue +1.1% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $899K (revenue +9.3% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.1M, and assets of $897K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Verde:
Data Sources and Methodology
This transparency report for Verde 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.