Voce Inc
Voce Inc. faces consistent operational deficits despite revenue growth, with declining assets.
EIN: 204968777 · Hartford, CT · NTEE: A6B · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $163K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $190,536 |
| Net Assets | $18K |
| Transparency Score | 75/100 |
Is Voce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Voce Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Voce Inc
Voce Inc (EIN: 204968777) is a nonprofit organization based in Hartford, CT, classified under NTEE code A6B. The organization reported total revenue of $191K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Voce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Voce Inc is a small nonprofit that has been operating for 20 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 40.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $163K |
| Surplus / Deficit | $-14,534 |
| Total Assets | $18K |
| Net Assets | $18K |
| Operating Margin | -9.8% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2023, Voce Inc reported a deficit of $15K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), Voce Inc's revenue has grown at a compound annual growth rate (CAGR) of 40.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.6% | +21.6% | -44.5% |
| 2022 | +66.9% | +141.1% | -21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Voce 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Voce 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 $15K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation is reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, which is highly favorable for a small organization of this size (latest revenue $190,536).
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 Voce Inc's IRS 990 filings:
- Consistent operational deficits in 2022 and 2023, with expenses exceeding revenue by $8,928 and $14,534 respectively.
- Declining asset base from $41,572 in 2021 to $18,110 in 2023.
Strengths
The following positive indicators were identified for Voce Inc:
- 0% officer compensation reported across all filings, indicating strong commitment to mission over executive pay.
- No reported liabilities in any of the available filings, suggesting good debt management.
- Consistent revenue growth from $74,859 in 2021 to $148,173 in 2023.
Frequently Asked Questions about Voce Inc
Is Voce Inc a legitimate charity?
Voce Inc (EIN: 204968777) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 3 years of IRS 990 filings on record. Total revenue: $191K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Voce Inc spend its money?
Voce Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Voce Inc tax-deductible?
Voce Inc is registered as a tax-exempt nonprofit (EIN: 204968777). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Voce Inc CEO make?
Voce Inc's highest-compensated officer earns $190,536 annually. The organization reported $191K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Voce Inc's spending goes to programs?
Voce Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Voce Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Voce Inc is above average for NTEE category A6B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Voce Inc located?
Voce Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 204968777. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Voce Inc have?
Voce Inc has 3 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 $191K in total revenue.
Is Voce Inc. a good charity?
Voce Inc. exhibits strong indicators of mission focus, particularly with 0% officer compensation and no reported liabilities. However, the consistent operational deficits in 2022 and 2023, where expenses exceeded revenue, raise concerns about long-term financial sustainability. Donors should consider these financial trends.
What is the trend in Voce Inc.'s financial health?
Voce Inc.'s revenue has grown significantly from $74,859 in 2021 to $148,173 in 2023. However, this growth has been accompanied by operational deficits in the last two periods, and total assets have decreased from $41,572 in 2021 to $18,110 in 2023, indicating a weakening financial position despite increased income.
How does Voce Inc. manage its executive compensation?
Voce Inc. reports 0% officer compensation in all available filings, meaning no compensation was paid to its officers. This is a very positive sign for a nonprofit, indicating that resources are likely being directed towards programs rather than executive salaries.
Filing History
IRS 990 filing history for Voce Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Voce Inc's revenue has grown by 97.9%, moving from $75K to $148K. Total assets decreased by 56.4% over the same period, from $42K to $18K. Total functional expenses rose by 193.1%, from $56K to $163K. In its most recent filing year (2023), Voce Inc reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148K | $163K | $18K | $0 | — | — |
| 2022 | $125K | $134K | $33K | $0 | — | View 990 |
| 2021 | $75K | $56K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148K, expenses of $163K, and assets of $18K (revenue +18.6% year-over-year).
- 2022: Revenue of $125K, expenses of $134K, and assets of $33K (revenue +66.9% year-over-year).
- 2021: Revenue of $75K, expenses of $56K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Voce Inc:
Data Sources and Methodology
This transparency report for Voce 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.