Vertuassets Foundation Inc
EIN: 822328799 · Alpharetta, GA · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $11.8M |
| Net Assets | $16.2M |
Is Vertuassets 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 Vertuassets Foundation Inc
Vertuassets Foundation Inc (EIN: 822328799) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code T30. The organization reported total revenue of $7.7M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vertuassets Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vertuassets Foundation Inc is a mid-size nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $11.8M |
| Surplus / Deficit | $-6,824,904 |
| Total Assets | $16.3M |
| Total Liabilities | $90K |
| Net Assets | $16.2M |
| Operating Margin | -138.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 16.6 months |
Financial Health Grade: B
In 2023, Vertuassets Foundation Inc reported a deficit of $6.8M with expenses exceeding revenue, holds 16.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Vertuassets Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.8% | -56.2% | -26.2% |
| 2022 | +287.6% | +249.9% | +94.9% |
| 2021 | +55.6% | +96.3% | +22.1% |
| 2020 | +102.7% | -2.5% | +43.2% |
| 2019 | -36.1% | +40.4% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vertuassets 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 Vertuassets 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 deficit of $6.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Vertuassets Foundation Inc
Is Vertuassets Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vertuassets Foundation Inc (EIN: 822328799) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vertuassets Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Vertuassets Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Vertuassets Foundation Inc tax-deductible?
Vertuassets Foundation Inc is registered as a tax-exempt nonprofit (EIN: 822328799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vertuassets Foundation Inc located?
Vertuassets Foundation Inc is headquartered in Alpharetta, Georgia and files with the IRS under EIN 822328799. It is classified under NTEE code T30.
How many years of IRS 990 filings does Vertuassets Foundation Inc have?
Vertuassets Foundation Inc has 7 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 $7.7M in total revenue.
Filing History
IRS 990 filing history for Vertuassets Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Vertuassets Foundation Inc's revenue has declined by 4%, moving from $5.2M to $4.9M. Total assets increased by 216.3% over the same period, from $5.1M to $16.3M. Total functional expenses rose by 11100.4%, from $105K to $11.8M. In its most recent filing year (2023), Vertuassets Foundation Inc reported a deficit of $6.8M, with expenses exceeding revenue. The organization holds $90K in liabilities against $16.3M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $16.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $11.8M | $16.3M | $90K | — | — |
| 2022 | $37.5M | $26.9M | $22.1M | $100K | — | View 990 |
| 2021 | $9.7M | $7.7M | $11.3M | $248K | — | View 990 |
| 2020 | $6.2M | $3.9M | $9.3M | $158K | — | View 990 |
| 2019 | $3.1M | $4.0M | $6.5M | $80K | — | View 990 |
| 2018 | $4.8M | $2.9M | $7.2M | $121K | — | View 990 |
| 2017 | $5.2M | $105K | $5.1M | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $11.8M, and assets of $16.3M (revenue -86.8% year-over-year).
- 2022: Revenue of $37.5M, expenses of $26.9M, and assets of $22.1M (revenue +287.6% year-over-year).
- 2021: Revenue of $9.7M, expenses of $7.7M, and assets of $11.3M (revenue +55.6% year-over-year).
- 2020: Revenue of $6.2M, expenses of $3.9M, and assets of $9.3M (revenue +102.7% year-over-year).
- 2019: Revenue of $3.1M, expenses of $4.0M, and assets of $6.5M (revenue -36.1% year-over-year).
- 2018: Revenue of $4.8M, expenses of $2.9M, and assets of $7.2M (revenue -6.8% year-over-year).
- 2017: Revenue of $5.2M, expenses of $105K, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vertuassets Foundation Inc:
Data Sources and Methodology
This transparency report for Vertuassets 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.