Veterans Watchmaker Initiative Inc
EIN: 452654601 · Little Creek, DE · NTEE: B30
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $233K |
| Net Assets | $1.7M |
Is Veterans Watchmaker Initiative 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 Watchmaker Initiative Inc
Veterans Watchmaker Initiative Inc (EIN: 452654601) is a nonprofit organization based in Little Creek, DE, classified under NTEE code B30. The organization reported total revenue of $1.1M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Watchmaker Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veterans Watchmaker Initiative Inc is a mid-size nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2012–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $303K |
| Total Expenses | $233K |
| Surplus / Deficit | +$70K |
| Total Assets | $1.7M |
| Net Assets | $1.7M |
| Operating Margin | 23.1% |
| Months of Reserves | 89.2 months |
Financial Health Grade: A
In 2023, Veterans Watchmaker Initiative Inc reported a surplus of $70K with revenue exceeding expenses, holds 89.2 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.3% | +72.5% | +4.3% |
| 2022 | -19.9% | +14.2% | +4.6% |
| 2021 | +41.3% | +44.7% | +9.7% |
| 2020 | -85.1% | -14.9% | +7.5% |
| 2019 | +381.1% | -58.4% | +541.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Veterans Watchmaker Initiative 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 Watchmaker Initiative 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 $70K, with revenue exceeding expenses.
Frequently Asked Questions about Veterans Watchmaker Initiative Inc
Is Veterans Watchmaker Initiative Inc a legitimate charity?
Veterans Watchmaker Initiative Inc (EIN: 452654601) is a registered tax-exempt nonprofit based in Delaware. It has 11 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Veterans Watchmaker Initiative Inc spend its money?
Veterans Watchmaker Initiative Inc reported $1.1M in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Veterans Watchmaker Initiative Inc tax-deductible?
Veterans Watchmaker Initiative Inc is registered as a tax-exempt nonprofit (EIN: 452654601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Veterans Watchmaker Initiative Inc located?
Veterans Watchmaker Initiative Inc is headquartered in Little Creek, Delaware and files with the IRS under EIN 452654601. It is classified under NTEE code B30.
How many years of IRS 990 filings does Veterans Watchmaker Initiative Inc have?
Veterans Watchmaker Initiative Inc has 11 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Veterans Watchmaker Initiative Inc showing financial trends over 11 years of public records:
In its most recent filing year (2023), Veterans Watchmaker Initiative Inc reported a surplus of $70K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $303K | $233K | $1.7M | $0 | — | View 990 |
| 2022 | $207K | $135K | $1.7M | $609 | — | View 990 |
| 2021 | $259K | $118K | $1.6M | $0 | — | — |
| 2020 | $183K | $82K | $1.4M | $0 | — | View 990 |
| 2019 | $1.2M | $96K | $1.3M | $0 | — | View 990 |
| 2018 | $256K | $231K | $210K | $0 | — | View 990 |
| 2017 | $44K | $34K | $184K | $0 | — | View 990 |
| 2016 | $142K | $28K | $175K | $0 | — | View 990 |
| 2015 | $10K | $6K | $61K | $336 | — | View 990 |
| 2014 | $56K | $467 | $56K | $0 | — | View 990 |
| 2012 | $0 | $0 | $0 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $303K, expenses of $233K, and assets of $1.7M (revenue +46.3% year-over-year).
- 2022: Revenue of $207K, expenses of $135K, and assets of $1.7M (revenue -19.9% year-over-year).
- 2021: Revenue of $259K, expenses of $118K, and assets of $1.6M (revenue +41.3% year-over-year).
- 2020: Revenue of $183K, expenses of $82K, and assets of $1.4M (revenue -85.1% year-over-year).
- 2019: Revenue of $1.2M, expenses of $96K, and assets of $1.3M (revenue +381.1% year-over-year).
- 2018: Revenue of $256K, expenses of $231K, and assets of $210K (revenue +488.6% year-over-year).
- 2017: Revenue of $44K, expenses of $34K, and assets of $184K (revenue -69.4% year-over-year).
- 2016: Revenue of $142K, expenses of $28K, and assets of $175K (revenue +1298.5% year-over-year).
- 2015: Revenue of $10K, expenses of $6K, and assets of $61K (revenue -81.8% year-over-year).
- 2014: Revenue of $56K, expenses of $467, and assets of $56K.
- 2012: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veterans Watchmaker Initiative Inc:
Data Sources and Methodology
This transparency report for Veterans Watchmaker Initiative 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.