Verona Community Food Pantry
Verona Community Food Pantry shows rapid growth and strong financial health with 0% officer compensation.
EIN: 205258949 · Verona, VA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.0M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $777K |
| Transparency Score | 98/100 |
Is Verona Community Food Pantry Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Verona Community Food Pantry directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Verona Community Food Pantry
Verona Community Food Pantry (EIN: 205258949) is a nonprofit organization based in Verona, VA, classified under NTEE code P20. The organization reported total revenue of $2.2M and total assets of $795K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Verona Community Food Pantry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Verona Community Food Pantry is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-34,876 |
| Total Assets | $777K |
| Net Assets | $777K |
| Operating Margin | -1.8% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Verona Community Food Pantry reported a deficit of $35K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2011–2023), Verona Community Food Pantry's revenue has grown at a compound annual growth rate (CAGR) of 24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.8% | +1.4% | -4.3% |
| 2022 | +52.9% | +72.3% | +16.3% |
| 2021 | +766.8% | +3885.7% | +45.8% |
| 2020 | +35.9% | -66.6% | +32.4% |
| 2019 | +5.2% | +3.3% | +22.0% |
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 Verona Community Food Pantry with a Mission Score of 98 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Verona Community Food Pantry allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $35K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership operates on a volunteer basis, which is highly commendable for an organization of its size with recent revenues nearing $2 million.
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 Verona Community Food Pantry:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Significant growth in revenue and assets, demonstrating increased capacity to serve.
- Zero liabilities reported in all periods, reflecting strong financial management and no debt.
- Expenses closely align with revenue, suggesting funds are actively deployed for mission-related activities.
- Excellent transparency with 12 available IRS 990 filings.
Frequently Asked Questions about Verona Community Food Pantry
Is Verona Community Food Pantry a legitimate charity?
Verona Community Food Pantry (EIN: 205258949) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 98/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Verona Community Food Pantry spend its money?
Verona Community Food Pantry directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Verona Community Food Pantry tax-deductible?
Verona Community Food Pantry is registered as a tax-exempt nonprofit (EIN: 205258949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Verona Community Food Pantry CEO make?
Verona Community Food Pantry's highest-compensated officer earns $2 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Verona Community Food Pantry compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Verona Community Food Pantry is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Verona Community Food Pantry located?
Verona Community Food Pantry is headquartered in Verona, Virginia and files with the IRS under EIN 205258949. It is classified under NTEE code P20.
How many years of IRS 990 filings does Verona Community Food Pantry have?
Verona Community Food Pantry has 12 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 $2.2M in total revenue.
Is Verona Community Food Pantry a good charity?
Yes, based on the provided IRS 990 data, Verona Community Food Pantry appears to be an excellent charity. It demonstrates strong financial health, rapid growth in its capacity to serve, and exceptional efficiency with 0% officer compensation, ensuring funds are directed to its mission.
How has the organization's financial capacity changed over time?
The organization has experienced remarkable growth, with annual revenue increasing from $110,012 in 2018 to $1,964,522 in 2023, and assets growing from $296,262 to $777,457 in the same period, indicating a significant expansion of its operations and resources.
What is the organization's approach to executive compensation?
The Verona Community Food Pantry has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation across all 12 available filings, suggesting a volunteer-led model.
Filing History
IRS 990 filing history for Verona Community Food Pantry showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Verona Community Food Pantry's revenue has grown by 1316.9%, moving from $139K to $2.0M. Total assets increased by 359.5% over the same period, from $169K to $777K. Total functional expenses rose by 1354.5%, from $137K to $2.0M. In its most recent filing year (2023), Verona Community Food Pantry reported a deficit of $35K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.0M | $777K | $0 | — | View 990 |
| 2022 | $2.1M | $2.0M | $812K | $0 | — | — |
| 2021 | $1.4M | $1.1M | $698K | $0 | — | View 990 |
| 2020 | $157K | $29K | $479K | $0 | — | View 990 |
| 2019 | $116K | $86K | $362K | $0 | — | View 990 |
| 2018 | $110K | $83K | $296K | $0 | — | View 990 |
| 2017 | $136K | $68K | $250K | $0 | — | View 990 |
| 2016 | $192K | $124K | $189K | $0 | — | View 990 |
| 2014 | $176K | $203K | $187K | $0 | — | View 990 |
| 2013 | $203K | $181K | $214K | $0 | — | — |
| 2012 | $157K | $158K | $181K | $0 | — | View 990 |
| 2011 | $139K | $137K | $169K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.0M, and assets of $777K (revenue -5.8% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $812K (revenue +52.9% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.1M, and assets of $698K (revenue +766.8% year-over-year).
- 2020: Revenue of $157K, expenses of $29K, and assets of $479K (revenue +35.9% year-over-year).
- 2019: Revenue of $116K, expenses of $86K, and assets of $362K (revenue +5.2% year-over-year).
- 2018: Revenue of $110K, expenses of $83K, and assets of $296K (revenue -18.9% year-over-year).
- 2017: Revenue of $136K, expenses of $68K, and assets of $250K (revenue -29.4% year-over-year).
- 2016: Revenue of $192K, expenses of $124K, and assets of $189K (revenue +9.1% year-over-year).
- 2014: Revenue of $176K, expenses of $203K, and assets of $187K (revenue -13.2% year-over-year).
- 2013: Revenue of $203K, expenses of $181K, and assets of $214K (revenue +29.2% year-over-year).
- 2012: Revenue of $157K, expenses of $158K, and assets of $181K (revenue +13.2% year-over-year).
- 2011: Revenue of $139K, expenses of $137K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Verona Community Food Pantry:
Data Sources and Methodology
This transparency report for Verona Community Food Pantry 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.