Is Va Connecticut Research And Education Foundation Inc Legit?
Quick charity verification for Va Connecticut Research And Education Foundation Inc (EIN: 202206467)
Verdict: Va Connecticut Research And Education Foundation Inc appears trustworthy
70/100Mission Score
$3.1MRevenue
$6.8MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $2,191,902 expenses vs. $2,078,961 revenue in 2023).
Increasing liabilities in recent years, from $1,096,324 in 2021 to $3,357,908 in 2023, which could indicate growing financial obligations.
Unusually high and consistent 0% officer compensation, which may obscure how leadership is compensated or sustained.
Strengths
Substantial asset base ($7,583,512 in 2023) provides a strong financial cushion despite operational deficits.
Consistent reporting of 0% officer compensation indicates a commitment to minimizing administrative overhead in that specific area.
Long filing history (13 filings) suggests established operations and compliance with IRS reporting requirements.
Spending Breakdown
How Va Connecticut Research And Education Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Va Connecticut Research And Education Foundation Inc
Is Va Connecticut Research And Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Va Connecticut Research And Education Foundation Inc (EIN: 202206467) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Va Connecticut Research And Education Foundation Inc a good charity to donate to?
Va Connecticut Research And Education Foundation Inc has a Mission Score of 70/100. Revenue: $3.1M. Assets: $6.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Va Connecticut Research And Education Foundation Inc?
The Employer Identification Number (EIN) for Va Connecticut Research And Education Foundation Inc is 202206467. 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 Va Connecticut Research And Education Foundation Inc spend its money?
Va Connecticut Research And Education Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Va Connecticut Research And Education Foundation Inc's tax-exempt status?
You can verify Va Connecticut Research And Education Foundation Inc's tax-exempt status using EIN 202206467 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 Va Connecticut Research And Education Foundation Inc demonstrates a consistent operational deficit, with expenses frequently exceeding revenue across its filing history. For instance, in 2023, expenses were $2,191,902 against revenues of $2,078,961, and in 2022, expenses were $1,928,003 against revenues of $1,464,306. Despite these deficits, the organization maintains substantial assets, reported at $7,583,512 in 2023, indicating a strong financial cushion built over time. The organization's transparency is high regarding executive compensation, as all filings consistently report 0% officer compensation, which is a positive indicator for donor trust. However, the consistent spending beyond revenue warrants closer examination of their funding model and long-term sustainability, even with significant assets.