Quick charity verification for Vgs Foundation Inc (EIN: 202965411)
Verdict: Vgs Foundation Inc appears trustworthy
75/100Mission Score
$5.1MRevenue
$18.7MAssets
3Red Flags
3Strengths
Red Flags
Highly volatile revenue, including negative revenue in 2022 ($-55,542).
Expenses frequently exceed revenue in recent years (e.g., 2023 expenses $886,391 vs. revenue $276,144), indicating potential reliance on asset drawdowns.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes precise efficiency assessment difficult.
Strengths
Substantial asset base ($18,658,120) provides financial stability.
Consistent reporting of 0% officer compensation across all filings, indicating strong transparency and potentially volunteer leadership.
Low reported liabilities ($1 in recent years) suggests good financial management of debt.
Spending Breakdown
How Vgs Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Vgs Foundation Inc
Is Vgs Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vgs Foundation Inc (EIN: 202965411) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Vgs Foundation Inc a good charity to donate to?
Vgs Foundation Inc has a Mission Score of 75/100. Revenue: $5.1M. Assets: $18.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Vgs Foundation Inc?
The Employer Identification Number (EIN) for Vgs Foundation Inc is 202965411. 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 Vgs Foundation Inc spend its money?
Vgs Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Vgs Foundation Inc's tax-exempt status?
You can verify Vgs Foundation Inc's tax-exempt status using EIN 202965411 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
Vgs Foundation Inc demonstrates a mixed financial picture. While the organization holds substantial assets of $18,658,120, its recent revenue has been highly volatile, including a negative revenue of $-55,542 in 2022 and a significant spike to $4,273,416 in 2020. This inconsistency in revenue, coupled with expenses frequently exceeding revenue in recent years (e.g., 2023 expenses of $886,391 against revenue of $276,144), suggests potential reliance on asset drawdowns or infrequent large contributions. The consistent reporting of zero officer compensation across all available filings indicates strong financial transparency regarding executive pay and potentially a volunteer-led or very lean operational structure at the leadership level. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is challenging. The organization's NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, which typically involves lower direct program expenses compared to service delivery organizations.