Is Association Of Va Hematology Oncology…

Quick charity verification for Association Of Va Hematology Oncology Inc (EIN: 203012788)

Strengths

Consistent and strong revenue growth, increasing from $428,440 in 2014 to $2,289,776 in 2023.
Excellent financial stability with zero reported liabilities across all 14 filings.
Significant asset accumulation, growing from $376,615 in 2014 to $3,403,253 in 2023.
No reported officer compensation, suggesting a high dedication to mission and efficient use of funds.
Positive net income in most years, allowing for reinvestment and asset growth.

Spending Breakdown

How Association Of Va Hematology Oncology Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Association Of Va Hematology Oncology Inc

Is Association Of Va Hematology Oncology Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Association Of Va Hematology Oncology Inc (EIN: 203012788) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Association Of Va Hematology Oncology Inc a good charity to donate to?

Association Of Va Hematology Oncology Inc has a Mission Score of 95/100. Revenue: $2.9M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Association Of Va Hematology Oncology Inc?

The Employer Identification Number (EIN) for Association Of Va Hematology Oncology Inc is 203012788. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Association Of Va Hematology Oncology Inc spend its money?

Association Of Va Hematology Oncology Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Association Of Va Hematology Oncology Inc's tax-exempt status?

You can verify Association Of Va Hematology Oncology Inc's tax-exempt status using EIN 203012788 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Association Of Va Hematology Oncology Inc demonstrates strong financial health and growth over the past several years. Revenue has shown a consistent upward trend, from $428,440 in 2014 to $2,289,776 in 2023, indicating increasing support and operational capacity. The organization has also maintained a healthy asset base, growing from $376,615 to $3,403,253 in the same period, with no reported liabilities across all filings, which is a significant indicator of financial stability and responsible management.

Spending efficiency appears robust, as evidenced by the consistent growth in assets relative to expenses. For instance, in 2023, expenses were $1,567,751 against revenue of $2,289,776, allowing for substantial asset accumulation. The absence of reported officer compensation across all available filings suggests a high degree of transparency and a focus on mission-related spending rather than executive enrichment. This practice enhances public trust and indicates that resources are being directed towards the organization's programmatic goals.

Overall, the organization exhibits excellent financial management, strong growth, and a commitment to transparency. The consistent increase in revenue and assets, coupled with zero liabilities and no reported officer compensation, paints a picture of a well-managed and fiscally responsible nonprofit. This financial discipline allows the organization to build reserves and expand its impact effectively.

Is Association Of Va Hematology Oncology Inc Legit?

Verdict: Association Of Va Hematology Oncology Inc appears trustworthy

Red Flags