Volunteers In Retail Inc
Volunteers In Retail Inc consistently operates at a slight deficit, drawing down assets while maintaining 0% officer compensation.
EIN: 200712057 · Hilton Head, SC · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $276K |
| Total Expenses | $288K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $93K |
| Transparency Score | 75/100 |
Is Volunteers In Retail Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Volunteers In Retail Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Volunteers In Retail Inc
Volunteers In Retail Inc (EIN: 200712057) is a nonprofit organization based in Hilton Head, SC, classified under NTEE code P29. The organization reported total revenue of $276K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Volunteers In Retail Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Volunteers In Retail Inc is a small nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $276K |
| Total Expenses | $288K |
| Surplus / Deficit | $-11,385 |
| Total Assets | $93K |
| Net Assets | $93K |
| Operating Margin | -4.1% |
| Months of Reserves | 3.9 months |
Financial Health Grade: C
In 2017, Volunteers In Retail Inc reported a deficit of $11K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate).
Financial Trends
Over 7 years of filings (2011–2017), Volunteers In Retail Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +0.9% | +1.5% | -13.1% |
| 2016 | -6.7% | -1.6% | -7.9% |
| 2015 | +3.0% | -15.1% | +7.0% |
| 2014 | +0.5% | +14.9% | -34.4% |
| 2013 | +5.9% | +8.6% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Volunteers In Retail 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, Volunteers In Retail 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that no officers receive salaries, which is highly unusual for an organization with annual revenues approaching $300,000 and suggests a strong volunteer leadership model.
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 Volunteers In Retail Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most years, e.g., $287,642 expenses vs. $276,257 revenue in 2017).
- Declining asset base over time (from $176,100 in 2012 to $93,056 in 2017).
Strengths
The following positive indicators were identified for Volunteers In Retail Inc:
- Consistent filing of IRS Form 990s, indicating good compliance.
- 0% officer compensation reported across all filings, suggesting a highly volunteer-driven model and efficient use of funds for leadership.
- Stable revenue generation over several years, demonstrating consistent operational activity.
Frequently Asked Questions about Volunteers In Retail Inc
Is Volunteers In Retail Inc a legitimate charity?
Volunteers In Retail Inc (EIN: 200712057) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 7 years of IRS 990 filings on record. Total revenue: $276K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Volunteers In Retail Inc spend its money?
Volunteers In Retail Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Volunteers In Retail Inc tax-deductible?
Volunteers In Retail Inc is registered as a tax-exempt nonprofit (EIN: 200712057). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Volunteers In Retail Inc CEO make?
Volunteers In Retail Inc's highest-compensated officer earns $300,000 annually. The organization reported $276K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Volunteers In Retail Inc's spending goes to programs?
Volunteers In Retail Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Volunteers In Retail Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Volunteers In Retail Inc is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Volunteers In Retail Inc located?
Volunteers In Retail Inc is headquartered in Hilton Head, South Carolina and files with the IRS under EIN 200712057. It is classified under NTEE code P29.
How many years of IRS 990 filings does Volunteers In Retail Inc have?
Volunteers In Retail Inc has 7 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 $276K in total revenue.
How does Volunteers In Retail Inc cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down on its assets, which decreased from $176,100 in 2012 to $93,056 in 2017, and potentially through prior year surpluses or other unreported income sources.
What is the specific nature of the 'Volunteers In Retail Inc' program activities?
Based on the NTEE code P29 (Retail Trade Organizations), the organization likely supports or operates retail-related programs, possibly through volunteer efforts in thrift stores or other retail ventures to generate revenue for charitable purposes, though specific program details are not provided in the financial data.
Is the decline in assets a significant concern for the organization's long-term viability?
The decline in assets from $176,100 to $93,056 over six years, coupled with consistent operational deficits, is a moderate concern for long-term viability. While not immediately critical, this trend is unsustainable without a strategy to increase revenue or reduce expenses.
Filing History
IRS 990 filing history for Volunteers In Retail Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Volunteers In Retail Inc's revenue has grown by 7.8%, moving from $256K to $276K. Total assets decreased by 33.5% over the same period, from $140K to $93K. Total functional expenses rose by 8.9%, from $264K to $288K. In its most recent filing year (2017), Volunteers In Retail Inc reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $276K | $288K | $93K | $-207 | — | View 990 |
| 2016 | $274K | $283K | $107K | $2K | — | View 990 |
| 2015 | $293K | $288K | $116K | $2K | — | View 990 |
| 2014 | $285K | $339K | $109K | $-183 | — | View 990 |
| 2013 | $283K | $295K | $166K | $2K | — | View 990 |
| 2012 | $268K | $272K | $176K | $1K | — | View 990 |
| 2011 | $256K | $264K | $140K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $276K, expenses of $288K, and assets of $93K (revenue +0.9% year-over-year).
- 2016: Revenue of $274K, expenses of $283K, and assets of $107K (revenue -6.7% year-over-year).
- 2015: Revenue of $293K, expenses of $288K, and assets of $116K (revenue +3.0% year-over-year).
- 2014: Revenue of $285K, expenses of $339K, and assets of $109K (revenue +0.5% year-over-year).
- 2013: Revenue of $283K, expenses of $295K, and assets of $166K (revenue +5.9% year-over-year).
- 2012: Revenue of $268K, expenses of $272K, and assets of $176K (revenue +4.5% year-over-year).
- 2011: Revenue of $256K, expenses of $264K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Volunteers In Retail Inc:
Data Sources and Methodology
This transparency report for Volunteers In Retail 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.