Quick charity verification for Virginia Basketball Academy Foundation (EIN: 208861885)
Verdict: Virginia Basketball Academy Foundation appears trustworthy
75/100Mission Score
$647KRevenue
$82KAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits (e.g., $66,090 deficit in 2023, $64,305 deficit in 2022)
Declining asset base in recent years (from $209,780 in 2021 to $79,385 in 2023)
Strengths
Consistent 0% officer compensation reported across all filings
Long history of IRS 990 filings (13 filings), indicating transparency and compliance
Consistently low or zero liabilities, suggesting good debt management
Stable revenue generation, generally above $450,000 annually
Spending Breakdown
How Virginia Basketball Academy Foundation 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 Virginia Basketball Academy Foundation
Is Virginia Basketball Academy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Basketball Academy Foundation (EIN: 208861885) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Virginia Basketball Academy Foundation a good charity to donate to?
Virginia Basketball Academy Foundation has a Mission Score of 75/100. Revenue: $647K. Assets: $82K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Virginia Basketball Academy Foundation?
The Employer Identification Number (EIN) for Virginia Basketball Academy Foundation is 208861885. 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 Virginia Basketball Academy Foundation spend its money?
Virginia Basketball Academy Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Virginia Basketball Academy Foundation's tax-exempt status?
You can verify Virginia Basketball Academy Foundation's tax-exempt status using EIN 208861885 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 Basketball Academy Foundation demonstrates consistent operational activity with annual revenues generally exceeding $450,000 in recent years, peaking at $567,656 in 2019. However, the organization frequently operates at a deficit, with expenses often surpassing revenue, as seen in 2023 ($625,962 expenses vs. $559,872 revenue) and 2022 ($564,413 expenses vs. $500,108 revenue). This trend of spending more than it earns could impact long-term financial stability, although it has managed to maintain operations over many years.
The organization's asset base is relatively modest, with current assets at $82,435 and liabilities consistently low or zero, indicating a lean operational model. A notable strength is the consistent reporting of 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which enhances donor confidence regarding administrative efficiency. The NTEE code N62 (Sports, Recreational, Athletic, Camps) aligns with its mission, and the consistent filing history indicates good compliance with IRS reporting requirements.
While the consistent deficits are a concern, the absence of officer compensation and low liabilities are positive indicators. The organization's ability to sustain operations despite these deficits suggests effective management of its cash flow, possibly through timing of revenue and expenses or reliance on short-term funding. Further analysis of program spending versus administrative and fundraising costs would provide a clearer picture of its spending efficiency, but the available data points to a financially lean operation.