Is The Virginia Coleman Charitable Foundation Legit?
Quick charity verification for The Virginia Coleman Charitable Foundation (EIN: 200995597)
Verdict: The Virginia Coleman Charitable Foundation shows mixed signals
45/100Mission Score
$0Revenue
$0Assets
4Red Flags
1Strengths
Red Flags
Consistent operating deficits, with expenses exceeding revenue in all reported periods.
Significant decline in assets, from $61,702 in 2011 to $0 in the latest filing.
Latest filing reports $0 revenue and $0 assets, indicating potential dormancy or dissolution.
NTEE code is unknown, hindering understanding of its charitable purpose.
Strengths
Consistent reporting of 0% officer compensation, suggesting a volunteer-driven model or very low overhead for leadership.
Spending Breakdown
How The Virginia Coleman Charitable Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 The Virginia Coleman Charitable Foundation
Is The Virginia Coleman Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Virginia Coleman Charitable Foundation (EIN: 200995597) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
Is The Virginia Coleman Charitable Foundation a good charity to donate to?
The Virginia Coleman Charitable Foundation has a Mission Score of 45/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Virginia Coleman Charitable Foundation?
The Employer Identification Number (EIN) for The Virginia Coleman Charitable Foundation is 200995597. 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 The Virginia Coleman Charitable Foundation spend its money?
The Virginia Coleman Charitable Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Virginia Coleman Charitable Foundation's tax-exempt status?
You can verify The Virginia Coleman Charitable Foundation's tax-exempt status using EIN 200995597 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 Virginia Coleman Charitable Foundation appears to be a small, private foundation based on its consistent, low revenue and expense figures over the past five years. With zero revenue and assets reported in the latest period, and a history of minimal financial activity, it raises questions about its current operational status and future viability. The foundation consistently spent more than it brought in, with expenses ranging from $7,044 to $8,269 against revenues between $1,622 and $5,610, indicating a reliance on existing assets rather than new income.
Given the lack of detailed expense breakdowns in the provided data, it's challenging to assess spending efficiency beyond the overall deficit. However, the consistent reporting of zero officer compensation across all filings suggests a volunteer-driven or very lean operational model, which can be a positive indicator for donor funds if the programs are effective. The foundation's transparency is moderate; while it files its 990s, the NTEE code is unknown, and the latest filing shows no financial activity, which could be a sign of dormancy or dissolution. Without further detail on program activities, a full assessment of its impact is difficult.