Vernon Community Arts Center Inc
EIN: 263069097 · Vernon Rockvl, CT · NTEE: A11
| Metric | Value |
|---|---|
| Total Revenue | $147K |
| Total Expenses | $125K |
| Net Assets | $28K |
Is Vernon Community Arts Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vernon Community Arts Center Inc
Vernon Community Arts Center Inc (EIN: 263069097) is a nonprofit organization based in Vernon Rockvl, CT, classified under NTEE code A11. The organization reported total revenue of $147K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vernon Community Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vernon Community Arts Center Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $125K |
| Surplus / Deficit | $-13,096 |
| Total Assets | $30K |
| Total Liabilities | $2K |
| Net Assets | $28K |
| Operating Margin | -11.7% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 2.9 months |
Financial Health Grade: C
In 2023, Vernon Community Arts Center Inc reported a deficit of $13K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Vernon Community Arts Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.3% | +8.7% | -29.4% |
| 2022 | +30.6% | +26.8% | +24.3% |
| 2021 | -5.5% | +10.8% | +23.2% |
| 2020 | +1.7% | -26.2% | +181.2% |
| 2019 | +11.2% | +25.4% | -53.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vernon Community Arts Center 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 Vernon Community Arts Center 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.6%.
Frequently Asked Questions about Vernon Community Arts Center Inc
Is Vernon Community Arts Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vernon Community Arts Center Inc (EIN: 263069097) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vernon Community Arts Center Inc spend its money?
Detailed spending breakdown data is not yet available for Vernon Community Arts Center Inc. Check back for updated IRS 990 analysis.
Are donations to Vernon Community Arts Center Inc tax-deductible?
Vernon Community Arts Center Inc is registered as a tax-exempt nonprofit (EIN: 263069097). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vernon Community Arts Center Inc located?
Vernon Community Arts Center Inc is headquartered in Vernon Rockvl, Connecticut and files with the IRS under EIN 263069097. It is classified under NTEE code A11.
How many years of IRS 990 filings does Vernon Community Arts Center Inc have?
Vernon Community Arts Center Inc has 10 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 $147K in total revenue.
Filing History
IRS 990 filing history for Vernon Community Arts Center Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Vernon Community Arts Center Inc's revenue has grown by 56.2%, moving from $71K to $111K. Total assets increased by 17.2% over the same period, from $26K to $30K. Total functional expenses rose by 83.2%, from $68K to $125K. In its most recent filing year (2023), Vernon Community Arts Center Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $2K in liabilities against $30K in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $125K | $30K | $2K | — | — |
| 2022 | $123K | $115K | $43K | $2K | — | View 990 |
| 2021 | $94K | $90K | $35K | $2K | — | View 990 |
| 2020 | $100K | $82K | $28K | $1K | — | View 990 |
| 2019 | $98K | $110K | $10K | $1K | — | — |
| 2018 | $88K | $88K | $22K | $1K | — | View 990 |
| 2017 | $90K | $88K | $21K | $757 | — | View 990 |
| 2016 | $82K | $83K | $18K | $0 | — | View 990 |
| 2015 | $71K | $78K | $19K | $0 | — | View 990 |
| 2014 | $71K | $68K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $125K, and assets of $30K (revenue -9.3% year-over-year).
- 2022: Revenue of $123K, expenses of $115K, and assets of $43K (revenue +30.6% year-over-year).
- 2021: Revenue of $94K, expenses of $90K, and assets of $35K (revenue -5.5% year-over-year).
- 2020: Revenue of $100K, expenses of $82K, and assets of $28K (revenue +1.7% year-over-year).
- 2019: Revenue of $98K, expenses of $110K, and assets of $10K (revenue +11.2% year-over-year).
- 2018: Revenue of $88K, expenses of $88K, and assets of $22K (revenue -2.3% year-over-year).
- 2017: Revenue of $90K, expenses of $88K, and assets of $21K (revenue +9.9% year-over-year).
- 2016: Revenue of $82K, expenses of $83K, and assets of $18K (revenue +15.8% year-over-year).
- 2015: Revenue of $71K, expenses of $78K, and assets of $19K (revenue -0.6% year-over-year).
- 2014: Revenue of $71K, expenses of $68K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vernon Community Arts Center Inc:
Data Sources and Methodology
This transparency report for Vernon Community Arts Center 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.