Viecare Inc
Viecare Inc. faces recent revenue declines while maintaining stable expenses, drawing on substantial assets.
EIN: 205900922 · Mars, PA · NTEE: E02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $26 |
| Net Assets | $22.2M |
| Transparency Score | 70/100 |
Is Viecare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Viecare Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Viecare Inc
Viecare Inc (EIN: 205900922) is a nonprofit organization based in Mars, PA, classified under NTEE code E02. The organization reported total revenue of $2.0M and total assets of $26.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Viecare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Viecare Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $669K |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-719,290 |
| Total Assets | $26.0M |
| Total Liabilities | $3.8M |
| Net Assets | $22.2M |
| Operating Margin | -107.5% |
| Debt-to-Asset Ratio | 14.6% |
| Months of Reserves | 224.9 months |
Financial Health Grade: B
In 2023, Viecare Inc reported a deficit of $719K with expenses exceeding revenue, holds 224.9 months of operating reserves (strong position), has a debt-to-asset ratio of 14.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Viecare Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.9% | +21.9% | -2.0% |
| 2022 | -83.1% | +4.1% | +0.4% |
| 2021 | +44.4% | +8.5% | +27.4% |
| 2020 | +4.5% | +5.6% | +21.4% |
| 2019 | +56.6% | +1.9% | +26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Viecare Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Viecare Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $719K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with assets exceeding $26 million and annual expenses over $1 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.
Red Flags
The following concerns were identified during AI analysis of Viecare Inc's IRS 990 filings:
- Significant and sustained decline in revenue from $6.79 million in 2021 to $0.67 million in 2023.
- Expenses consistently exceeding revenue in recent periods (e.g., 2023 expenses $1.39M vs. revenue $0.67M).
- Unusually high asset base ($26.5M) relative to recent operating revenue ($0.67M in 2023).
Strengths
The following positive indicators were identified for Viecare Inc:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Substantial asset base ($26.5 million) provides financial stability and a buffer against revenue fluctuations.
- Long history of IRS 990 filings (13 filings) demonstrates transparency and compliance.
Frequently Asked Questions about Viecare Inc
Is Viecare Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Viecare Inc (EIN: 205900922) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Viecare Inc spend its money?
Viecare Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Viecare Inc tax-deductible?
Viecare Inc is registered as a tax-exempt nonprofit (EIN: 205900922). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Viecare Inc CEO make?
Viecare Inc's highest-compensated officer earns $26 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Viecare Inc's spending goes to programs?
Viecare Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Viecare Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Viecare Inc is above average for NTEE category E02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Viecare Inc located?
Viecare Inc is headquartered in Mars, Pennsylvania and files with the IRS under EIN 205900922. It is classified under NTEE code E02.
How many years of IRS 990 filings does Viecare Inc have?
Viecare Inc has 13 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 $2.0M in total revenue.
What caused the significant drop in revenue from $6.79 million in 2021 to $0.67 million in 2023?
The provided data does not specify the reasons for the drastic revenue decline, but it is a critical area for further investigation to understand the organization's financial stability.
How does Viecare Inc. sustain operations with expenses consistently exceeding recent revenues?
With expenses of $1,388,197 against revenue of $668,907 in 2023, the organization is likely drawing on its significant asset base or prior year surpluses to cover operational costs.
What is the nature of the organization's substantial assets, which reached $26.5 million?
The NTEE code E02 (Housing/Shelter) suggests these assets could be related to property or facilities used for their mission, but further detail from the 990s would be needed.
Filing History
IRS 990 filing history for Viecare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Viecare Inc's revenue has declined by 67%, moving from $2.0M to $669K. Total assets increased by 391.3% over the same period, from $5.3M to $26.0M. Total functional expenses rose by 64.5%, from $844K to $1.4M. In its most recent filing year (2023), Viecare Inc reported a deficit of $719K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $26.0M in assets (debt-to-asset ratio: 14.6%), resulting in net assets of $22.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $669K | $1.4M | $26.0M | $3.8M | — | View 990 |
| 2022 | $1.2M | $1.1M | $26.6M | $3.6M | — | View 990 |
| 2021 | $6.8M | $1.1M | $26.4M | $3.5M | — | View 990 |
| 2020 | $4.7M | $1.0M | $20.8M | $3.5M | — | View 990 |
| 2019 | $4.5M | $954K | $17.1M | $3.6M | — | View 990 |
| 2018 | $2.9M | $936K | $13.5M | $3.6M | — | View 990 |
| 2017 | $1.9M | $1.5M | $12.1M | $3.6M | — | View 990 |
| 2016 | $2.7M | $2.7M | $11.4M | $3.3M | — | View 990 |
| 2015 | $4.0M | $2.3M | $10.9M | $2.9M | — | View 990 |
| 2014 | $3.5M | $2.1M | $8.8M | $2.6M | — | View 990 |
| 2013 | $3.1M | $1.5M | $7.8M | $2.5M | — | View 990 |
| 2012 | $1.0M | $107K | $6.2M | $2.5M | — | View 990 |
| 2011 | $2.0M | $844K | $5.3M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $669K, expenses of $1.4M, and assets of $26.0M (revenue -41.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $26.6M (revenue -83.1% year-over-year).
- 2021: Revenue of $6.8M, expenses of $1.1M, and assets of $26.4M (revenue +44.4% year-over-year).
- 2020: Revenue of $4.7M, expenses of $1.0M, and assets of $20.8M (revenue +4.5% year-over-year).
- 2019: Revenue of $4.5M, expenses of $954K, and assets of $17.1M (revenue +56.6% year-over-year).
- 2018: Revenue of $2.9M, expenses of $936K, and assets of $13.5M (revenue +51.6% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.5M, and assets of $12.1M (revenue -29.6% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.7M, and assets of $11.4M (revenue -33.1% year-over-year).
- 2015: Revenue of $4.0M, expenses of $2.3M, and assets of $10.9M (revenue +13.8% year-over-year).
- 2014: Revenue of $3.5M, expenses of $2.1M, and assets of $8.8M (revenue +14.5% year-over-year).
- 2013: Revenue of $3.1M, expenses of $1.5M, and assets of $7.8M (revenue +205.4% year-over-year).
- 2012: Revenue of $1.0M, expenses of $107K, and assets of $6.2M (revenue -50.0% year-over-year).
- 2011: Revenue of $2.0M, expenses of $844K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Viecare Inc:
Data Sources and Methodology
This transparency report for Viecare 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.