Veterans Path Up Inc
EIN: 474609304 · Charlotte, NC · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $265K |
| Total Expenses | $310K |
| Net Assets | $38K |
Is Veterans Path Up Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Veterans Path Up Inc
Veterans Path Up Inc (EIN: 474609304) is a nonprofit organization based in Charlotte, NC, classified under NTEE code L40. The organization reported total revenue of $265K and total assets of $276K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Path Up Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veterans Path Up Inc is a small nonprofit that has been operating for 11 years, with 2 years of IRS 990 filings on record (2017–2018). Revenue has grown at a compound annual rate of -25.8%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $245K |
| Total Expenses | $310K |
| Surplus / Deficit | $-65,582 |
| Total Assets | $276K |
| Total Liabilities | $237K |
| Net Assets | $38K |
| Operating Margin | -26.8% |
| Debt-to-Asset Ratio | 86.2% |
| Months of Reserves | 10.7 months |
Financial Health Grade: C
In 2018, Veterans Path Up Inc reported a deficit of $66K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 86.2% (high leverage).
Financial Trends
Over 2 years of filings (2017–2018), Veterans Path Up Inc's revenue has declined at a compound annual growth rate (CAGR) of -25.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -25.8% | +28.2% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Veterans Path Up 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 Veterans Path Up 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.2%.
Frequently Asked Questions about Veterans Path Up Inc
Is Veterans Path Up Inc a legitimate charity?
Veterans Path Up Inc (EIN: 474609304) is a registered tax-exempt nonprofit based in North Carolina. It has 2 years of IRS 990 filings on record. Total revenue: $265K. No red flags identified. Financial health grade: C.
How does Veterans Path Up Inc spend its money?
Veterans Path Up Inc reported $265K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Veterans Path Up Inc tax-deductible?
Veterans Path Up Inc is registered as a tax-exempt nonprofit (EIN: 474609304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Veterans Path Up Inc located?
Veterans Path Up Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 474609304. It is classified under NTEE code L40.
How many years of IRS 990 filings does Veterans Path Up Inc have?
Veterans Path Up 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 $265K in total revenue.
Filing History
IRS 990 filing history for Veterans Path Up Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2017–2018), Veterans Path Up Inc's revenue has declined by 25.8%, moving from $330K to $245K. Total assets decreased by 3.2% over the same period, from $285K to $276K. Total functional expenses rose by 28.2%, from $242K to $310K. In its most recent filing year (2018), Veterans Path Up Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $237K in liabilities against $276K in assets (debt-to-asset ratio: 86.2%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $245K | $310K | $276K | $237K | — | View 990 |
| 2017 | $330K | $242K | $285K | $183K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veterans Path Up Inc:
Data Sources and Methodology
This transparency report for Veterans Path Up 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.