Nonprofit screen
Screen a listVersiti Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- Type II
$34Mrevenue
FY2024 · +19% in 3 yrs11staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−0.8%
Months of reserve11.4mo
Revenue growth (annualized)+14.0%
Middle half of peersMedianVersiti
Where the money goes FY2024 · $34M spent
Programs$133k0%Management and general$34M100%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$438k in FY2023 and −$281k in FY2024. Cash covers 11.4 months, above the peer median of 1.7.
990 Part I and balance sheetIn its favor3
Strong governance
17 of 18 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 14% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohortFunders stay
3 of the 5 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant lists14funders
$285ka year, last 3 years
58%from its largest funder
Funder’19’20’21’22’23The Medical College of Wisconsin IncStopped after FY2022$91k$1.5M$479k$17k–The Hemophilia Alliance Group Purchasing OrganizationNew in FY2023$250kThomas Jefferson University Hospitals IncStopped after FY2020$30k$74k–Timken Foundation of CantonOn and off$45kMarquette UniversityStopped after FY2022$21k$12k–Charter Manufacturing Company Foundation IncStopped after FY2020$15k$15k–Donor-advised giftsDonors not disclosed$180$261$109$1464 other fundersUp to $25k a year each$260$1k$26k$2k$2k
FundedThrough a donor-advised fundStopped