Vernon Family Charitable Foundation Inc
EIN: 883266151 · Wilmington, DE · NTEE: B05
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $20K |
| Net Assets | $761K |
Is Vernon Family Charitable Foundation 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 Family Charitable Foundation Inc
Vernon Family Charitable Foundation Inc (EIN: 883266151) is a nonprofit organization based in Wilmington, DE, classified under NTEE code B05. The organization reported total revenue of $1.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vernon Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vernon Family Charitable Foundation Inc is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -69.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $20K |
| Surplus / Deficit | +$162K |
| Total Assets | $761K |
| Total Liabilities | $1 |
| Net Assets | $761K |
| Operating Margin | 89.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 467.3 months |
Financial Health Grade: A
In 2023, Vernon Family Charitable Foundation Inc reported a surplus of $162K with revenue exceeding expenses, holds 467.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Vernon Family Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -69.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.9% | +291.0% | +27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vernon Family Charitable Foundation 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 Family Charitable Foundation 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 surplus of $162K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Vernon Family Charitable Foundation Inc
Is Vernon Family Charitable Foundation Inc a legitimate charity?
Vernon Family Charitable Foundation Inc (EIN: 883266151) is a registered tax-exempt nonprofit based in Delaware. It has 2 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does Vernon Family Charitable Foundation Inc spend its money?
Vernon Family Charitable Foundation Inc reported $1.2M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Vernon Family Charitable Foundation Inc tax-deductible?
Vernon Family Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 883266151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vernon Family Charitable Foundation Inc located?
Vernon Family Charitable Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 883266151. It is classified under NTEE code B05.
How many years of IRS 990 filings does Vernon Family Charitable Foundation Inc have?
Vernon Family Charitable Foundation Inc has 2 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Vernon Family Charitable Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Vernon Family Charitable Foundation Inc's revenue has declined by 69.9%, moving from $604K to $182K. Total assets increased by 27.1% over the same period, from $599K to $761K. Total functional expenses rose by 291%, from $5K to $20K. In its most recent filing year (2023), Vernon Family Charitable Foundation Inc reported a surplus of $162K, with revenue exceeding expenses. The organization holds $1 in liabilities against $761K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $761K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $20K | $761K | $1 | — | View 990 |
| 2022 | $604K | $5K | $599K | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vernon Family Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Vernon Family Charitable Foundation 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.