Virgin Unite Usa Inc
Virgin Unite Usa Inc shows fluctuating finances with recent positive net income and no reported officer compensation.
EIN: 203963486 · New York, NY · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $4.2M |
| Program Spending | 80% |
| Net Assets | $4.9M |
| Transparency Score | 75/100 |
Is Virgin Unite Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virgin Unite Usa Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virgin Unite Usa Inc
Virgin Unite Usa Inc (EIN: 203963486) is a nonprofit organization based in New York, NY, classified under NTEE code T30. The organization reported total revenue of $6.8M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virgin Unite Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virgin Unite Usa Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $6.2M |
| Total Liabilities | $1.3M |
| Net Assets | $4.9M |
| Operating Margin | 26.5% |
| Debt-to-Asset Ratio | 20.9% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2023, Virgin Unite Usa Inc reported a surplus of $1.5M with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 20.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2023), Virgin Unite Usa Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.4% | -11.9% | +70.6% |
| 2022 | +28.4% | -26.2% | -10.8% |
| 2021 | +103.7% | -15.7% | -43.7% |
| 2020 | -62.8% | -38.7% | -50.8% |
| 2019 | -30.8% | +48.0% | -24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Virgin Unite Usa Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Virgin Unite Usa Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for minimizing administrative costs.
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 Virgin Unite Usa Inc's IRS 990 filings:
- Significant multi-year operating deficits (e.g., 201912 expenses $12.6M vs. revenue $4.5M)
- Substantial fluctuations in assets and liabilities year-over-year, indicating potential financial instability or large project-based funding cycles.
Strengths
The following positive indicators were identified for Virgin Unite Usa Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds in this area.
- Positive net income in the latest filing (202312), showing improved financial management.
- Strong asset base relative to liabilities in recent years (e.g., 202312 assets $6.2M vs. liabilities $1.3M).
Frequently Asked Questions about Virgin Unite Usa Inc
Is Virgin Unite Usa Inc a legitimate charity?
Virgin Unite Usa Inc (EIN: 203963486) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.8M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Virgin Unite Usa Inc spend its money?
Virgin Unite Usa Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Virgin Unite Usa Inc tax-deductible?
Virgin Unite Usa Inc is registered as a tax-exempt nonprofit (EIN: 203963486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Virgin Unite Usa Inc's spending goes to programs?
Virgin Unite Usa Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Virgin Unite Usa Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Virgin Unite Usa Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Virgin Unite Usa Inc located?
Virgin Unite Usa Inc is headquartered in New York, New York and files with the IRS under EIN 203963486. It is classified under NTEE code T30.
How many years of IRS 990 filings does Virgin Unite Usa Inc have?
Virgin Unite Usa 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 $6.8M in total revenue.
What caused the significant expense increases in years like 2019 and 2020, and how were these funded given lower revenues?
In 2019, expenses were $12,594,065 against revenues of $4,506,648, and in 2020, expenses were $7,724,487 against revenues of $1,676,699. This suggests the organization either drew heavily from reserves, incurred significant debt, or received substantial non-cash contributions not reflected in the revenue figures, leading to a decrease in assets from $19,448,930 in 2018 to $7,244,056 in 2020.
How does Virgin Unite Usa Inc manage its liabilities, which have varied significantly (e.g., $2,804,698 in 2019 vs. $112,463 in 2020)?
The fluctuation in liabilities suggests active management, possibly through repayment of debts or changes in grant obligations. The significant drop from $2,804,698 in 2019 to $112,463 in 2020 indicates a substantial reduction in outstanding obligations during that period.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data does not offer a detailed functional expense breakdown. To fully assess spending efficiency, this information would be crucial to understand how the $4,233,214 in expenses for 202312 was allocated across these categories.
Filing History
IRS 990 filing history for Virgin Unite Usa Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Virgin Unite Usa Inc's revenue has grown by 48.7%, moving from $3.9M to $5.8M. Total assets increased by 57.4% over the same period, from $3.9M to $6.2M. Total functional expenses rose by 34.6%, from $3.1M to $4.2M. In its most recent filing year (2023), Virgin Unite Usa Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $6.2M in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $4.2M | $6.2M | $1.3M | — | — |
| 2022 | $4.4M | $4.8M | $3.6M | $253K | — | View 990 |
| 2021 | $3.4M | $6.5M | $4.1M | $271K | — | View 990 |
| 2020 | $1.7M | $7.7M | $7.2M | $112K | — | View 990 |
| 2019 | $4.5M | $12.6M | $14.7M | $2.8M | — | View 990 |
| 2018 | $6.5M | $8.5M | $19.4M | $740K | — | View 990 |
| 2017 | $8.6M | $6.7M | $22.3M | $2.7M | — | View 990 |
| 2016 | $6.5M | $4.3M | $18.4M | $1.6M | — | View 990 |
| 2015 | $5.1M | $3.6M | $16.2M | $1.7M | — | View 990 |
| 2014 | $4.2M | $1.7M | $13.5M | $692K | — | View 990 |
| 2014 | $7.8M | $2.2M | $10.3M | $125K | — | View 990 |
| 2013 | $5.0M | $2.7M | $5.3M | $761K | — | View 990 |
| 2012 | $3.9M | $3.1M | $3.9M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $4.2M, and assets of $6.2M (revenue +31.4% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.8M, and assets of $3.6M (revenue +28.4% year-over-year).
- 2021: Revenue of $3.4M, expenses of $6.5M, and assets of $4.1M (revenue +103.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $7.7M, and assets of $7.2M (revenue -62.8% year-over-year).
- 2019: Revenue of $4.5M, expenses of $12.6M, and assets of $14.7M (revenue -30.8% year-over-year).
- 2018: Revenue of $6.5M, expenses of $8.5M, and assets of $19.4M (revenue -24.2% year-over-year).
- 2017: Revenue of $8.6M, expenses of $6.7M, and assets of $22.3M (revenue +31.9% year-over-year).
- 2016: Revenue of $6.5M, expenses of $4.3M, and assets of $18.4M (revenue +26.9% year-over-year).
- 2015: Revenue of $5.1M, expenses of $3.6M, and assets of $16.2M (revenue +22.6% year-over-year).
- 2014: Revenue of $4.2M, expenses of $1.7M, and assets of $13.5M (revenue -46.6% year-over-year).
- 2014: Revenue of $7.8M, expenses of $2.2M, and assets of $10.3M (revenue +58.0% year-over-year).
- 2013: Revenue of $5.0M, expenses of $2.7M, and assets of $5.3M (revenue +28.1% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.1M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virgin Unite Usa Inc:
Data Sources and Methodology
This transparency report for Virgin Unite Usa 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.