Quick charity verification for Virginia Eye Foundation (EIN: 201612154)
Verdict: Virginia Eye Foundation appears trustworthy
85/100Mission Score
$383KRevenue
$132KAssets
2Red Flags
5Strengths
Red Flags
Significant expense spike in 202212 ($1,110,206) far exceeding revenue ($2,815) without clear explanation in summary data.
Large fluctuation in assets, dropping from over $1.1 million in 202112 to under $90,000 in 202212.
Strengths
Strong program spending ratio (75% in 202312).
Consistent reporting of 0% officer compensation across all filings.
No reported liabilities in recent filings (202312, 202212, 202112, 202012, 201912, 201812, 201712, 201612), indicating strong solvency.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Positive net assets and revenue growth over the long term.
Spending Breakdown
How Virginia Eye Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Virginia Eye Foundation
Is Virginia Eye Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Eye Foundation (EIN: 201612154) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Virginia Eye Foundation a good charity to donate to?
Virginia Eye Foundation has a Mission Score of 85/100. Revenue: $383K. Assets: $132K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Virginia Eye Foundation?
The Employer Identification Number (EIN) for Virginia Eye Foundation is 201612154. 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 Eye Foundation spend its money?
Virginia Eye Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Virginia Eye Foundation's tax-exempt status?
You can verify Virginia Eye Foundation's tax-exempt status using EIN 201612154 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 Eye Foundation demonstrates a generally strong commitment to program spending, with a notable 75% of its expenses in the latest filing period (202312) dedicated to program services. This indicates an efficient use of donor funds towards its mission. The organization also maintains a healthy financial position, reporting $235,190 in assets and no liabilities in 202312, suggesting good fiscal management and solvency. However, there was a significant expense spike in 202212, where expenses ($1,110,206) far exceeded revenue ($2,815), which warrants further investigation to understand the nature of these expenditures and how they were funded, as it represents an unusual financial event.
The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, indicating adherence to reporting requirements. The consistent reporting of 0% officer compensation across all available filings is a positive indicator of resource allocation directly to the mission rather than executive salaries. While the overall trend shows growth in revenue and assets over the long term, the volatility in expenses, particularly the 202212 period, suggests a need for closer examination of operational consistency.
Overall, the Virginia Eye Foundation appears to be a financially sound organization with a strong program focus and good transparency, though the outlier expense year in 202212 is a point of interest for deeper analysis. Its ability to recover and report strong program spending in 202312 after such an event is commendable.